Change has no respect for legacy.
CASE STUDY - Nokia Corporation Background Nokia corporation is a Finnish multinational communications and information technology company , founded in 1865, it employed 61,656 people across 120 countries, conducts sales in more than 150 countries. Nokia was a public limited liability company and is the oldest company listed under the same name on the Helsinki Stock Exchange , beginning in 1915. Nokia has had a secondary listing on the New York Stock Exchange since 1994. When Jorma Ollila went to work for Nokia in 1985 the company manufactured a diverse line of products that included televisions, toilet paper, and rubber fishing boots; mobile telephones made up only a small portion of the business. After taking over as president and CEO in January 1992, Ollila extricated Nokia from debt and transformed the company into one of the world's leading manufacturers of cellular telephones . His daring, unorthodox, innovative management not only