The Growth League

The Greatest After Action Review of All Time: Nokia's Historic Collapse with Timo Vuori


Listen Later

In 2007 Nokia had 50% of the world’s cell phone market. The cover of Forbes magazine in November of 2007 read – Nokia – 1 Billion Customers – Can Anyone Catch the Cell Phone King? And in less than six years Nokia’s cell phone division tanked so quickly that they stopped selling cell phones and sold the division to Microsoft. Six years! It was one of the fastest collapses in corporate history.

Thanks to the research of two business professors, Timo Vuori and Quy Huy, we know that it was fear at Nokia that precipitated its fall from grace.

Today we have one of the professors to discuss the interviews with 76 of Nokia’s top managers, including two CEOs, vice presidents, middle managers, engineers, and external experts. These conversations, lasting an average of 90 minutes, are, in my opinion, the best after action review ever created.

And they highlight something really profound. While the senior executives were externally focused and worried about competition from Apple, Google and Research In Motion (RIM), their subordinates didn't share their concerns. Instead, middle managers were internally focused, worrying about what their managers wanted from them. And this dynamic that we're going to discuss today is prevalent in every other organization Professor Timo has studied.


Timo and I are going to discuss:

  • The most comprehensive case study every done on a company
  • The danger of doing after action reviews internally rather than asking an outsider to help
  • How organizations inadvertently create fear within their workforce
  • And how those fears prevent an organization from taking corrective action when it's in danger.

Thanks for listening and be sure to find me online to tell me what you thought of the episode!

  • @DianaKander on Instagram and Twitter
  • Professional AF Facebook Group: https://www.facebook.com/groups/943925015810362/
  • Diana online: www.DianaKander.com
  • Link to the Nokia AAR: https://knowledge.insead.edu/sites/www.insead.edu/files/images/asq_2015_print_vuori_huy_distributed_attention_and_shared_emotions_in_innovation_process.pdf
  • Timo on LinkedIn: https://www.linkedin.com/in/timo-vuori-37226a5/


Hosted on Acast. See acast.com/privacy for more information.

...more
View all episodesView all episodes
Download on the App Store

The Growth LeagueBy Wonder Media Network

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

443 ratings


More shows like The Growth League

View all
HBR IdeaCast by Harvard Business Review

HBR IdeaCast

165 Listeners

Coaching for Leaders by Dave Stachowiak

Coaching for Leaders

1,462 Listeners

The Learning Leader Show With Ryan Hawk by Ryan Hawk

The Learning Leader Show With Ryan Hawk

1,291 Listeners

The Science of Success by Matt Bodnar

The Science of Success

1,027 Listeners

Being Well with Forrest Hanson and Dr. Rick Hanson by Rick Hanson, Ph.D., Forrest Hanson

Being Well with Forrest Hanson and Dr. Rick Hanson

2,495 Listeners

The Quote of the Day Show | Daily Motivational Talks by Sean Croxton

The Quote of the Day Show | Daily Motivational Talks

3,144 Listeners

Depression Detox Show | Daily Inspirational Talks by Malikee Josephs (Muh Leek - Jo Seffs)

Depression Detox Show | Daily Inspirational Talks

306 Listeners

Majority 54 by Majority 54

Majority 54

6,183 Listeners

Worklife with Adam Grant by TED

Worklife with Adam Grant

9,178 Listeners

New Mindset, Who Dis? by Case Kenny

New Mindset, Who Dis?

5,995 Listeners

Women belong in the House by Wonder Media Network

Women belong in the House

350 Listeners

Web of WMN by Wonder Media Network

Web of WMN

72 Listeners

The Brown Girls Guide to Politics by Wonder Media Network

The Brown Girls Guide to Politics

847 Listeners

For Future Reference by Wonder Media Network

For Future Reference

51 Listeners

The Next Big Idea by Next Big Idea Club

The Next Big Idea

1,283 Listeners

The Mona Charen Show by The Bulwark

The Mona Charen Show

1,343 Listeners

Ordinary Equality by Wonder Media Network

Ordinary Equality

609 Listeners

Beyond Belief by Wonder Media Network

Beyond Belief

100 Listeners

She Votes! by Wonder Media Network

She Votes!

156 Listeners

Teaching Texas by Wonder Media Network

Teaching Texas

380 Listeners

White Picket Fence by Wonder Media Network

White Picket Fence

313 Listeners

Gravity by Wonder Media Network

Gravity

148 Listeners

Moments with Candace Parker by Wonder Media Network

Moments with Candace Parker

44 Listeners

The Accidental Activist by Wonder Media Network

The Accidental Activist

26 Listeners

I Was Never There by Wonder Media Network

I Was Never There

768 Listeners

The Mel Robbins Podcast by Mel Robbins

The Mel Robbins Podcast

20,154 Listeners

HBR On Leadership by Harvard Business Review

HBR On Leadership

164 Listeners

The Amendment by Wonder Media Network and The 19th News

The Amendment

138 Listeners

Dare to Lead with Brené Brown by Vox Media Podcast Network

Dare to Lead with Brené Brown

295 Listeners