Advanced Strategic Management – Nokia Case Study REPORT

Question

PROMPT – With reference to the case “Nokia: The inside story of the rise and fall of a technology giant” (Huy, Vuori & Duke, 2016), analyze the behavioral failures that restricted Nokia’s attempt to adapt to changes in the mobile phone market and make recommendations for how Nokia could have avoided those failures (particularly when it came to iPhone and android entering the smartphone market). My requests: Failures of Nokia must be drawn from behavioral strategy theories such as Nokia having a lack of dynamic capabilities because of the top manager’s Simon’s bounded rationality, cognitive inertia, threat rigidity, upper echelons theory. Please use these theories when explaining the mistakes that lead to Nokia unable to respond to the market changes and use Gerard P. Hodgkinson and Mark P. Healey’s suggestions in their behavioral approach for dynamic capabilities (Psychological foundations of dynamic capabilities: reflection and reflection in strategic management) when making recommendations.

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