Nokia had recorded and has been regarded as one of the bestselling mobile phones of all time. It surprisingly adapted to various business changes, coming around one storm or the other. The brand’s strength was second to none at that time, as its competitors gained no firm ground in the mobile phone industry. But the disheartening question now is why Nokia disappeared from the marketplace.<\/p>\n\n\n\n
How Nokia lost its market grip suddenly remains a shocker, and the reason for its loss is still a bit more mysterious. This brand was a progenitor in the telecommunication industry, being the first to explore and introduce technical advancements in the smartphone market.<\/p>\n\n\n\n
Unfortunately, Nokia’s failure was its own undoing. Its wrong decisions added to its failure. <\/p>\n\n\n\n
What actually caused the demise of this one-time exceptional brand? It is crystal clear that Apple and other modernized I.T companies killed it, but then Nokia made themselves highly susceptible to attack leading to their sudden collapse.<\/p>\n\n\n\n
The above reasons asides from others are the major influencers of Nokia’s disappearance, making their market position drop down to zero. Well, from my research, Nokia seems to do well technically, and there could be some sort of restoration if it earnestly begins to right its wrongs.<\/p>\n\n\n\n
Read More<\/strong>: Reasons for Nokia’s failure<\/a><\/p>\n\n\n\n With the risks revolving around the market space, there’s a need to be conscious and cautious of decisions. No brand wants to represent Failure in the business world.\u00a0 Therefore, below are four fatal business mistakes to avoid:<\/p>\n\n\n\n This sounds unbelievable, but it is one big business mistake you should avoid. One secret; hiring professionals to break your business edge for creepings to crawl in. When you hire an expert, you are indirectly hiring a competitor for your brand. In business dealings, you should have both foresight and hindsight to secure your brand. It is advisable and of huge profit, when you hire inexperienced people with strong determination and enthusiasm to achieve great wins. This way, they grow with your brand and become inbuilt strategic growth facilitators for your business.<\/p>\n\n\n\n Marketing has always been one business strategy that has helped build and sustain business growth levels. Marketing can apply in different forms. They include; offline marketing, internet marketing, and referral marketing. It is best to know which form of marketing suits your business<\/a> and target consumers. Avoid the mistake of ignoring your marketing voice. Never assume marketing isn’t relevant in boosting your business. NEVER assume your target audience can find you or your brand without strategic marketing.<\/p>\n\n\n\n Read More<\/strong>: Marketing Department<\/a><\/p>\n\n\n\n It is simultaneously exciting and adventurous to dive into other businesses, but doing so at the premature stage of your initial business plan leads to the destruction of your brand in its entirety. Stick to the objective of your business, learn from it, grow with it, and make it work before thinking of other businesses.<\/p>\n\n\n\n Read More<\/strong>: Mistakes you Should Avoid as a Start-up Entrepreneur.<\/a><\/p>\n\n\n\n This is one mistake business owners of large-scale and small-scale enterprises make. Before even bringing the business idea in your head to fruition, make inquiries, and seek advice from successful business tycoons who are dealing with the same business idea you have. Do not assume you know it all and are capable of handling whatever comes your way. Get a business mentor to teach and guide you on all that is necessary.<\/p>\n\n\n\n Read More<\/strong>: Big mistakes to avoid in business<\/a><\/p>\n\n\n\n Satya Nadella succeeded Bill Gates and Steve Ballmer as the current CEO of Microsoft in 2014.Four Deadly Business Mistakes To Avoid.<\/span><\/h2>\n\n\n\n
#1. Hiring Expertise.<\/span><\/h3>\n\n\n\n
#2. Ignoring Your Marketing Voice.<\/span><\/h3>\n\n\n\n
#3. Venturing into other businesses at a premature stage:<\/span><\/h3>\n\n\n\n
#4. Leaning On Your Own Understanding<\/span><\/h3>\n\n\n\n
Microsoft learned from Nokia\u2019s mistakes and changed its culture<\/h2>\n\n\n\n
Satya’s most significant contribution to Microsoft was a revolution in the company’s culture. His duty as CEO, he says, is to foster a culture that emphasizes listening, learning, and leveraging individual passions and abilities. Satya also emphasized the importance of employee <\/a>empowerment in Microsoft’s culture.
The importance of company culture cannot be overstated. In truth, company culture is a significant role in the development of a firm’s ability to compete and succeed.<\/p>\n\n\n\n