Jorma ollila biography of rory
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Jorma ollila biography of rory: Olli-Pekka Kallasvuo (born 13 July
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Education [ edit ]. Career [ edit ]. Others [ edit ]. Energy [ edit ]. Publications [ edit ]. Honours and awards [ edit ]. Fines [ edit ]. References [ edit ]. The New York Times. Retrieved May 1, Retrieved Sitra in Finnish. Wall Street Journal. Retrieved September 15, Helsingin yliopiston alumniyhdistys in Finnish. Ollila on sijalla Suuret suomalaiset -listalla.
Vuodesta Ollila on ollut naimisissa valtiotieteen maisteri Liisa Ollilan o. Metsola kanssa. Jorma Ollila Jorma Ollila Helsingin kirjamessuilla Viitattu 2. Viitattu Viitattu 3. MTV Uutiset. The collapse of the Soviet Union had a disastrous effect on the Finnish economy, as the USSR had provided a market for 25 percent of Finnish exports.
As a consequence Finland's gross domestic product declined 6. Like virtually every other Finnish company Nokia soon felt the impact of the recession, reporting an annual net loss of million markka. Nokia teetered on the abyss of financial ruin. Following a prolonged and bitter struggle, the board of directors ousted Kairamo's successor Simo Vuorilehto as well as his heir apparent Kalle Isokallio and appointed Ollila president and CEO.
Ollila had garnered a reputation for efficiency by reviving the troubled mobile-phone division, of which he had taken control in February Once he had transformed the mobile phone division into a profitable enterprise, against all advice and common business opinion Ollila insisted that Nokia retain it. His affection for the division he had salvaged was no mere expression of sentiment; Ollila foresaw that as cellular telephones became less expensive to manufacture and sell, they would become more popular among consumers.
He set out to make cell phones not only useful tools but also fashionable accessories. As president and CEO Ollila thus concentrated his efforts on expanding the company's business in mobile telecommunications. Much to the chagrin of stockholders, executives, and employees past and present, Ollila sold other company assets and interests as quickly as possible.
While his strategy may have been unpopular, it paid off.
Jorma ollila biography of rory: Experience: Shell Petroleum Company ยท Location:
Between and the price of Nokia shares traded on the New York Stock Exchange rose 2, percent. As early as the mids Nokia was positioned to challenge the industry leaders Ericsson and Motorola for the lead in the worldwide cell-phone market. Nokia sold million cell phones in and controlled 37 percent of a nearly saturated and highly competitive market.
Anticipating and even creating trends was critical to Nokia's success; the Finnish company preceded Ericsson and Motorola in adapting digital technology to mobile communication, marketing a dual-function personal organizer and telephone, producing phones specifically designed for Asian customers, using changeable cover plates, and incorporating text messaging.
The Communicatora combination mobile telephone and handheld personal computerproved to be an especially popular item. Much of the credit for reviving Nokia belonged to Ollila, whose extraordinary business acumen brought him international renown. Industry Week magazine named him CEO of the Year inand in Fortune listed him ninth among the 12 most powerful business leaders outside the United States.
Fearing complacency as the fatal weakness of successful companies, Ollila consistently encouraged Nokia employees to think independently and to take chances. He welcomed and seemed to thrive on multiple points of view and a diversity of opinions.
Jorma ollila biography of rory: Against All Odds: Leading Nokia from
In promoting creativity and innovation, he was willing to live with mistakes and to accept the occasional failure. He also wanted employees at all levels and in all divisions to work as an integrated team; cooperation rather than competition defined the corporate culture at Nokia during Ollila's tenure. He regularly shifted the jobs and responsibilities of his senior executives, so that they could not only acquire a comprehensive overview of company operations but also understand the work that other positions entailed.
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