It seems impossible, but in 2007 Nokia owned 41% of the cellular market. Did you have one?
A lot can change in ten years, but declines usually begin with a moment. Ever heard the saying, pride comes before a fall? 2007 was the year Apple released the iPhone.
The story goes, Nokia’s leadership scoffed at the idea of a touchscreen. They viewed the iPhone as a kid’s toy. Big mistake. The 41% dwindled to .04% and irrelevance. They missed the moment.
Leaders must be willing to reinvent continuously. The speed of change has never been greater and the competition is fierce. Are you in the game?Today I want you to make a list of three things. One thing you need to start, one you need to stop, and one you need to continue with greater focus.
Reinventing requires curiosity, a willingness to learn, and the ability to adapt.
We have a choice to make, and I believe we have it in us to make the courageous one. At least we better. If not, we might find ourselves going the way of the flip phone.
Randy is an author, speaker, executive coach, and the CEO of InteGREAT Leadership. He invests his time encouraging leaders around the world.