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Review & Outlook: Microsoft and Nokia Were Giants Once - WSJ.com
September 4, 2013 | WSJ | Op-ed

Nokia itself has been the veritable avatar of corporate reinvention, starting out in wood pulp in the 19th century. As recently as the early 1990s, the company was an unwieldy Finnish industrial conglomerate, trying to make its pivot into mobile telephony. Few then predicted its meteoric rise, or its equally meteoric fall. In shedding its handset business, Nokia will become essentially a maker of network equipment for cellphone operators.

The larger point here is that corporate giants come and go in a competitive economy. No monopoly is permanent, unless it is enforced by government, which as everyone knows almost never changes. It thinks and usually behaves the same even as the rest of the world evolves or leaps ahead.
op-ed  Microsoft  Nokia  19th_century  boom-to-bust  Finland  Finnish  impermanence  monopolies  reinvention 
september 2013 by jerryking
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