How Does Nokia Keep Their Organization Open to Change? Nokia

question 63

Essay

How does Nokia keep their organization open to change? Nokia finds that it is important to periodically change the perspective of key decision makers.For this purpose,they rotate heads of businesses to different posts to give them a fresh perspective.Change in a company's upper-level management is a motivator for change at the organization level.Medium;Comprehension

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Definitions:

Worksheet Income Statement

A simplified version of an income statement prepared within an accounting worksheet to calculate net income or loss.

Normal Balance

The side (debit or credit) of an account that is expected to have a higher balance, reflecting its nature in accounting.

Financial Statement

Reports that provide information about a company's financial condition, performance, and cash flows, including balance sheets, income statements, and more.

Permanent/Temporary

Classification of accounts; permanent accounts are balance sheet accounts that carry their ending balances into the next accounting period, while temporary accounts are closed and zeroed out at the end of each period.