Remember the Peanut Butter Manifesto? Now we have the Burning Platform Screed… Silicon Valley loves memos like this.
Memos don’t change companies any more than elections change politics. History is replete with examples of companies who in the midst of recognizing the cause of their long term decline failed to do anything differently. Memos don’t change companies, people do and inside the halls of large companies the ability of people to change course and behave in fundamentally different ways is limited.
We can get frothy about Nokia’s new CEO laying bare the problems at Nokia but I’ll still short Nokia because the problems at Nokia are not technology or product related, they are cultural.
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(NOK) Nokia’s Lumia 920 Leads Windows Phone Market
(Stock Blog Hub, 4/21/13)
(NOK) Nokia Corporation – Siemens AG Joint Venture Nokia-Siemens Network Signs Network Upgrade ...
(Stock Blog Hub, 4/27/13)
Nokia (NYSE: NOK) Secures Graphene Research Grant
(Wealth Daily, 2/4/13)
Nokia Viewed As A Waiting Game
(Benzinga, 10/4/10)