Comment Re:Nokia's death spiral continues (Score 5, Informative) 350
Mod parent up. The blog in question is awesome. For example this:
"Before the Burning Platforms memo, in 2010 Nokia towered over its rivals like very few companies have ever managed in a Fortune 500 size scale. Nokia's smartphones sold more than 2x those of the iPhone and more than 3x as many as Samsung. Today only 18 months later, Nokia is a third the size of the iPhone and one quarter the size of Samsung's smartphones. Never, ever, in any industry, has a global market leader collapsed this comprehensively. This is a world record in destruction of a market leader. Understand what that means. Elop has set a world record in management failure. He is a world record holder in the most incompetent CEO that has ever been. Not just the worst CEO now, but of all time - that is what 'world record' means - and this collapse of Nokia is BY A WIDE MARGIN the biggest collapse of a global Fortune 500 sized company, who was the market leader in its own industry. I have been asking my readers to come up with any example of such total collapse in 12 months in economic history - never been done. Never. This is the worst management failure of all time! And it was not caused by a tsunami or earthquake or national revolution or exploding factory. It was caused by Stephen Elop. He started the destruction on a February day in Espoo when he released his Burning Platforms memo. "