Analysis of factors contributing to Nokia's downfall in the mobile phone industry

 Why nokia failed: 

Nokia was once the world's leading mobile phone manufacturer but gradually lost its dominant position in the market. There were several factors that contributed to Nokia's decline and eventual failure:

Failure to adapt to the smartphone era: Nokia was slow to adapt to the rise of smartphones and failed to anticipate the market shift towards touchscreens and app-based ecosystems. Instead, the company continued to focus on its feature phone business, which became increasingly outdated.

Poor decision-making: Nokia made a series of poor decisions, including the choice to adopt Microsoft's Windows Phone operating system instead of Android, which was gaining popularity at the time. This decision proved to be a major strategic misstep as Windows Phone failed to gain traction, and Nokia lost out on the opportunity to establish a strong presence in the smartphone market.

Lack of innovation: Nokia failed to innovate and introduce new products that could compete with the iPhone and other popular smartphones. The company relied too heavily on its brand name and failed to keep up with the fast-paced and highly competitive mobile industry.

Internal conflicts: There were internal conflicts within Nokia that hampered decision-making and slowed down the company's ability to respond to changes in the market. The company also struggled to integrate the businesses it acquired, which further weakened its position.

Overall, Nokia's failure was a result of a combination of factors, including a lack of innovation, poor decision-making, and an inability to adapt to changes in the market.