Nortel makers of telecommunication and computer network equipment and software recently filed for bankruptcy, giving Cisco a more open space to play with I guess. What exactly went wrong is series of events which are "out of scope" for this writing.
One thing though which has been pointed out is :
"Why the organization which had two years ago embraced innovation and design to make it out of the troubled times, failed to do so and went ahead to seek protection from creditors ?".
The management envisioned to make the best from the emerging technologies, focusing at its R&D as the captain to sail them out of the losses. Nortel spend something in the vicinity of $2 billion to re-align its R&D and focus on new products as well as revamping the existing one.
"The organization worked hard to create virtual world , even brought in Incubation Program and Innovation Lab to identify and develop new technologies such as Web 2.0 applications that allowed employees to collaborate with one another online" as stated in BW. The company worked hard to connect with the customers to reposition themselves into the innovators segment.
"The organization worked hard to create virtual world , even brought in Incubation Program and Innovation Lab to identify and develop new technologies such as Web 2.0 applications that allowed employees to collaborate with one another online" as stated in BW. The company worked hard to connect with the customers to reposition themselves into the innovators segment.
Nortel still failed, popping the question why innovation couldn't provide a life line , which got answered stating that "it was not at all a sufficient time for the company to stage a turn around riding on the back of innovation. Innovation cannot mend what has been overlooked for years . If innovation is too late , not a part of the smart strategical decision , doesn't have a connect with the customers and heads south when you wanted to go east or west , it cannot be banked upon to create a profitable future for any organization.
