Tag: business history
Jorma Ollila – Harri Saukkomaa: Mahdoton menestys. Kasvun paikkana Nokia [Impossible success. Nokia as a growth point]
Mahdoton menestys. Kasvun paikkana Nokia
[Impossible success. Nokia as a growth point]
Helsinki: Otava Publishing Company , 2013. 480 pp., ill .
One of the most fascinating stories in Finland’s recent history is the rapid rise of Nokia, thanks to the establishment of its mobile phones as a global brand in the 1990s, the decline in the company’s success in the 2000s, and its eventual abandonment of mobile phones. The boom was personified by the company’s talented CEO Jorma Ollila. His interesting memoirs are readily accessible to a non-specialist readership. When Ollila began work at the Nokia conglomerate in 1985 he had already shown an aptitude for business. He served first as the company’s director of finance, then as leader of the mobile phone unit, became managing director, and finally CEO from 1999 until 2006. Ollila decided to weed out the operations that were in difficulty and to focus on mobile phones and networks. With the support of a good management team, Ollila proved to be an energetic leader who knew how to share responsibility and also inspire and create trust. In his memoirs he analyses both the company’s successes and its mistakes and losses in the period up to 2010. Ollila stepped down from the post of chairman in 2012.
Translated by David McDuff