From Nokia Plan B:
Avoid at all cost becoming a poorly differentiated OEM with only low margin, commodity products that is unable to attract top software talent and cannot create shareholder value through innovation.
And what is the first course of action?
Immediate discharge of Stephen Elop from his duties as President and CEO of the company.
Nokia shares fell dramatically after its announcement that it will partner with Microsoft to use Windows Phone as its main smart phone operating system. Nokia received multiple downgrades by analysts and Nokia’s market capitalization fell by 25%.
Elop is a Canadian, born in Ancaster. And just a few months ago he reported to Steve Ballmer of Microsoft. Interesting decision to outsource Nokia’s smart phone software platform to Microsoft. I wonder if it will work out.