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‘Lack of resilience’ caused Nortel demise: study

telecom | 03/17/2014 7:45 pm EDT

The demise of Nortel Networks Corp. was caused by a “lack of resilience” within the company as well as a mixture of other external and internal factors, according to a University of Ottawa study released Monday. A press release from the school said the study found three broad reasons behind the company’s downfall. One was a changing business environment that made the industry in which Nortel operated more competitive and less profitable. The study also cited a “lack of resilience” that left Nortel unable to respond to challenges in the business environment, such as competition and recessions. The slow response to change was due to various aspects of the company, the school said in its release, including the company’s structure, its...