By Janet McFarland – Nortel in its early days was a model of deep technological expertise through its Bell Northern Research (BNR) laboratories and its strong connection to customers, enabling the company to maintain a “first-mover” advantage in many markets. At its peak in 2000, Nortel was Canada’s largest public company, accounting for a third for the value of the S&P/TSX composite index, and employed more than 93,000 people worldwide.
But Nortel’s growing dominance in its markets in the 1990s “led to a culture of arrogance and even hubris combined with lax financial discipline.
“Nortel’s rigid culture played a defining role in the company’s inability to react to industry changes.” more> http://tinyurl.com/qajn5er
- What is strange about the telecom industry?
- Nortel Study
- Apple-led consortium peels off Nortel patents
- Success can build a culture of arrogance that will destroy a company – Quartz
- Key moments in the rise and fall of a telecommunications equipment giant, ottawacitizen.com [INTERACTIVE]