![]() Microsoft had parked itself in the middle of Innovator Dilemma-land. Microsoft’s chief problem was this: Though the Redmond-ites made a lot of money, the company’s core business was declining, a dynamic that was set in motion more than a decade ago, when nearly every enterprise owned and ran Windows-powered PCs and servers. Microsoft ended up paying $7.9 billion for the Finnish cellphone maker, according to an April 2015 SEC filing the company wrote off nearly the entire sum in the final quarter of 2015. Steve Ballmer announced he would step down, but before leaving, he pushed through the acquisition of Nokia. Six months earlier, the company had posted its first-ever quarterly loss. When he was promoted to CEO in February 2014, Microsoft was in a bad place. CEO Satya Nadella is three years into a turnaround that few people believed possible. It’s impossible to overestimate the significance of this move for Microsoft. ![]() Today, Microsoft revealed that LinkedIn founder Reid Hoffman has joined its board. Six months after Microsoft announced plans to pay more than $26 billion for LinkedIn, we now know even more about why the career-focused social networking site was so valuable.
0 Comments
Leave a Reply. |