During the press conference to announce NOKIA being acquired by Microsoft, Nokia’s CEO ended his speech by saying “we didn’t do anything wrong, but somehow, we lost”. Upon saying that, all his management, himself included, tore sadly.

Nokia has been a respectable company. They didn’t do anything wrong in their resistor Elsevier, 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, but they also lost their chance of survival.

The message of this story is, that if you don’t change, you but they also are removed from the competition.

It’s not wrong if you don’tthat want to learn new things. However, if your thoughts and mindset cannot catch up with time, you will be eliminated.

Conclusion:
1. 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 one day become redundant & not relevant to the industry.

They will learn the lesson & in an expensive way.