2.1 Management issues:
Nokia has been one of the best companies who have innovatively grown in the telecommunications industry for a while now but this era has seen to be slowly declining because of how the leader of ‘Nokia’ couldn’t cope up with the ever changing market and demand of consumers leading the shares of Nokia to decline. Nokia’s management wasn’t able to move with the changing of demand and invent new product ideas in the market where their competitors invented and reinvented and overthrew Nokia in just few years. The management didn’t take appropriate feedback from the consumer adjusting to their needs and suggestions. Nokia’s ‘Research and Development’ department is or rather has been inefficient, their jobs were to develop advanced ‘smartphones’ before their competitors. Nokia has been losing market shares and bankrupt due to poor management and a poor R&D team. “Nokia's approach to innovation will require radical changes. This company that achieved so much with its product design skills in the previous decade must develop an entirely new set of innovation skills in order to create, develop, and manage a platform” (Chesbrough, Nokia's real problem: The commodity trap 20122).

2.2 Human Resources Issue:
The reason of decline of successful company like Nokia is purely caused by slow, inefficient and deterred people on the “bus”. They have repeatedly been unable to come up with new ideas or be able to enhance their technology in cell phones. The marketing team of Nokia has been unable to gather relevant feedback or satisfy the need of the consumers.

2.3 Situational Factor:
The decline in Nokia shares worldwide is due to advance technology developed by the competitors in the same industry. However, in 2004 Nokia won the award for best cell phone in the world by introducing different variety of cell and cheap phone for developing countries to