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Nokia - the Failure of a Business - Case Study Example

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Summary

The paper “Nokia - the Failure of a Business” is a helpful example of a business case study. Companies, including start-ups, fail for one reason or the other. In fact, 90 % of all start-ups fail (Balcaen & Ooghe, 2006). Nokia is one such company that failed after a good run in business in the mobile phone industry…

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Subject: Business
Type: Case Study
Level: Business School
Pages: 13 (3250 words)
Downloads: 0

Extract of sample "Nokia - the Failure of a Business"

Contents

List of Tables2

List of Figures2

Introduction4

Causes of Failure6

Failure of Conversion of R&D Financing to Products that People Loved6

Underestimated Software7

Lack of Software Competence in Top Management8

Slow Transition to Smartphones8

Overestimated Strength of Brand9

Poor OS10

Top Managers afraid of External Environment12

Middle Managers Afraid of Top Managers12

Failure as a Process13

Summary of the Causes of Failure14

Turnaround/Strategy Recommendations14

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