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Case study on
There have been qualitative and financial studies outlining that more than 50 percent of new companies cannot survive at some levels due to several reasons. Even with all these failures, the blames always falls on the management staff as the main functional body. It is essential to note that several reasons can lead to the fall or close of a particular company, most of which are controllable. The focus of the article is to discuss the reasons behind the fall of Nokia Company. The report will also address what could have been done by the project manager to prevent the decline of the highly recognized company.
Nokia was one of the most recognized phone making company in the globe. The company had specialized in the production of the highest quality mobile phone by then. Nokia’s product dominated the market, a scenario that led to its partnership with Microsoft Company. After a long period of dominance, the company shockingly sold the entire business to Microsoft, which they never went on with Nokia’s products (Beltonen, 163).
With excellent performance and good management, Nokia failed to cope with the newly arising technological advancements to keep up with its dominating market situation. The fall of the company is blamed on the project manager.
Works cited
Beltonen, Tuomo. 2019, https://www.researchgate.net/publication/326691715_Case_Study_4_The_Collapse_of_Nokia’s_Mobile_Phone_Business_Wisdom_and_Stupidity_in_Strategic_Decision-making/link/5d233a98458515c11c1c5774/download. Accessed 20 Oct 2020.