Risto Siilasmaa – Transforming Nokia

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Summary

• Nokia once dominated the smartphone industry.

• It was to mobile phones was Kleenex is to facial tissues.

• Then iPhones and Androids appeared out of nowhere and pushed Nokia off the cliff.

• In just four years, the company lost over 90 percent of its value.

• Revenues were in freefall; massive layoffs became common.

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