Nokia, once a dominant force in the global mobile phone industry, Nokia experienced a dramatic decline in the smartphone market over the last two decades. As the industry transitioned from feature phones to smartphones, Nokia struggled to keep pace with technological advancements and shifting consumer preferences. This case study explores the rise and fall of Nokia, analyzing key factors that contributed to its downfall, the strategic missteps, and lessons learned from its decline. Additionally, it examines Nokia’s attempt at recovery...