In July 2012, shares of Nokiawere trading below $2 far off from their highs of nearly $60 in 2000 and nearly $40 in 2007. At the time of this writing, the shares have somewhat rebounded, up more than 300% after having climbed into the $7 range.
At the turn of the millennium, Nokia was one of the worlds largest suppliers of mobile devices. This, of course, was before smartphone mania swept the nation (and the world).
Fast forward to 2010, and while Nokia remained profitable, the writing was on the wall. It was only a matter of time before Nokia phones, as they currently existed, would remain relevant. Because Apple beat Nokia to market with its iPhone, the latter company missed its opportunity to lead the smartphone revolution.
Understanding this all too well Nokia has reinvented itself time and again in its 150-plus-year history the Finland-based company hired a new CEO to take the reins. Ultimately, Nokias new management team decided to sell the companys struggling phone division to Microsoft.
Like it has done so many times over the years (how else does a company founded in 1865 become the worldwide leader in mobile devices in the 1990s?), Nokia has changed the focus of its operations once more. Currently, the company is building network and mapping technologies, among other initiatives.
Organizational Change impacts all organizations.
1.Briefly discuss the various theories of managing organizational change and provide insight into how using one of them might have lighted the burden within Nokia.NO PLAGIARISM, 5 PARAGRAPHS, REFERENCES
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