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Source : IIPM Editorial, 2007
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Kochar adds, “The younger generation is not finding Nokia that attractive because they now have a choice and can select a phone that matches their personality. This segment would become a big market in the future and losing out on it now, would become a major problem for Nokia later.” For this segment, growing disposable incomes and aspirations are fuelling purchase decisions. Phones are becoming more about a personal style-statement, which sadly for Nokia is fast becoming the USP of its rivals! And understandably so! The younger generation is finding the clamshell, sleek and stylish mobile handsets of Sony Ericsson, Motorola, Samsung and LG much more attractive than the candy bar phones of Nokia, which are now considered bromidic & outdone. In as much, these rivals have managed to delight the Indian consumer and made him feel like a king, while Nokia seems to have totally failed on all such counts. Of course globally, the Finnish giant rules the roost. The third quarter results released by Gartner claim that Nokia has upped its global market share to 35.1%. Yet, in the North American market, Nokia’s fortunes have slipped.
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Source : IIPM Editorial, 2006
An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative
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And all this has been a long journey for Nandan. It all started in the year 1955 in Bangalore, where Nandan was born. But he shifted to Dharwad to stay with his uncle at the age of twelve. In the year 1973 he joined IIT-Mumbai. After passing out from IIT, Nandan began his professional career at Patni computers in the year 1978. Having served there for three years he moved out of the company along with Narayan Murthy and five others, and laid the foundations of Infosys in the year 1981. Since then he has been on Infosys’ board. In March 2002 he was conferred the post of CEO. Nandan truly represented the company abroad and was pivotal in marketing Infosys outside the country. In August this year, Nandan took over the reins of the company after Narayan Murthy retired. Taking the place of the legendary Narayan Murthy has been one of the defining moments of his career.
Nandan has been featured in Time magazine’s prestigious list of ‘100 most influential people of the world’ (2006) and is the 33rd richest person (Forbes Magazine, 2006) in India with a net worth of $1.15 billion. He has recently also been appointed to the Reuters board.
Today, few would disagree with the fact that Nandan has not only led his company to the heights of success but also given India a new identity globally. Truly, a blend that one seldom finds!
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Source : IIPM Editorial, 2006
An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative
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