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The corporate structure was completely dysfunctional too. The company was basically a set of independent fiefdoms, and the CEO was completely incapable of reini
by User23 8y ago
The corporate structure was completely dysfunctional too. The company was basically a set of independent fiefdoms, and the CEO was completely incapable of reining them in. There were many times where the CEO would announce layoffs and the department heads just ignored him and headcount just kept rising. Great example of Parkinson's law in action.
- Yizahi 8y agoSound similar to the Nokia story, only Kodak doesn't have unrelated Microsoft to blame for their internal failure.
- warrenm 8y agoNokia as a company was doing fine - it was the phone (and, specifically, the smartphone) portion of their business that was having trouble keeping up. Nokia as a company is still doing well, in fact