20/06/2022
READ AND LEARN
We Didn’t Do Anything Wrong, But Somehow, We Lost
During the press conference to announce that NOKIA is being acquired by Microsoft, President and CEO of Nokia, Stephen Elop ended his speech saying this:
“We didn’t do anything wrong, but somehow, we lost”.
Upon saying that, all his management team, himself included, shed sad tears.
Nokia had been a respectable company. They didn’t do anything wrong in their business, however, the world changed too fast. Their opponents were too powerful.
They missed out on learning, they missed out on changing, and thus they lost the opportunity at hand to make it big.
Not only did they miss the opportunity to earn big money, they lost their chance of survival.
The message of this story is, if you don’t change, you shall be removed from the competition.
It’s not wrong if you don’t want to learn new things. However, if your thoughts and mindset cannot catch up with time, you will be eliminated.
Complacency and "I know it all" attitude (even as industry leader) is a big enemy in business and life.
The advantage you have yesterday, will be replaced by the trends of tomorrow.
You don’t have to do anything wrong, as long as your competitors catch the wave and do it RIGHT, you can lose out and fail.
To change and improve yourself is giving yourself a second chance. To be forced by others to change, is like being discarded.
Those who refuse to learn & improve, will definitely soon become redundant & not relevant to the industry, in this fast moving economy. They will learn the lesson in a hard & expensive way!
Evolve or Dissolve.
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