Published on February 24th, 2018 | by drkkr1
Learn from The Big Fall:
At Aircel’s launch I was convinced to get with a mobile phone by making the offer irresistible: free incoming calls and a #Nokia handset. I watched both grow in stature and market share. Today, both are struggling to survive. Nokia, once a giant with an overwhelming share of the global market is struggling along with the new entrants. #Aircel, once a dream company is on the verge of shutting down as it fights for its survival. What did they do wrong? For one, new competitors appeared with revolutionary new mobile offerings and handsets. Second, both the companies failed to update themselves with the market conditions. Third, they were resting on their laurels and motivated by a false sense of security. They were blinded by their past glory. Learn from their experience. Be a learner. Make the right collaboration. Stay relevant. Make sure your proximity to your customer is vital, living and energetic. Be Innovative. Keep your employees and customers happy make sure the leadership has vision and farsightedness.