Leading change at Nokia

Inhaltsangabe oder Einleitung

The leadership of Nokia view the type of changing as a way of concentrating in an area of business that they had great core competencies in and where the levels of the profitability would be high. To the leaders of the change, it was an incremental process as the firm already had running partnerships with networking equipment manufacturers such as Siemens (Nokia, 2016, p. 86). To the change leaders, the change was necessary as a way of not only protecting the reputation of the company that has been a global market leader but also helping in shielding the employees of the firm against the job losses that would result from the increasingly poor performance of the business and the stagnation of the innovation at the firm. The stock prices of the company were reducing at a very rapid rate and the change according to the change leaders would lead to the reversal of fortunes for the company and return it to profitability thus creating value for the shareholders who had invested billions of dollars in the company.