oboloo

oboloo Glossary

Burning Platform

oboloo Glossary

Burning Platform

Burning Platform Definition

A burning platform is a metaphor used to describe a situation where someone is faced with the choice of staying on a platform that is gradually sinking into lava, or jumping off and risking injury.

The term was popularized by former Nokia CEO Stephen Elop in a 2011 memo, where he compared the company’s then-dire situation to a man stranded on a burning oil platform. In the memo, Elop warned that Nokia was in danger of ‘losing its grip’ and needed to take ‘drastic action’ in order to survive.

While the metaphor has been widely criticized for its callousness (particularly in light of the fact that thousands of Nokia employees lost their jobs as a result of Elop’s decisions), it nonetheless accurately captures the sense of urgency that can be present in situations where radical change is necessary.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971