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Submission + - Nokia's new strategy: Windows Phone 7 (

An anonymous reader writes: Nokia CEO Stephen Elop announced Friday that the Finnish mobile phone maker would make a radical shift in its business strategy, highlighted by a switch to Microsoft's Windows Phone 7 smartphone platform.

Elop, who joined Nokia (NOK) in September after heading Microsoft's business division for the two years, spoke about the company's future at a strategy conference held in London. The announcement comes in the wake of a memo he sent to Nokia employees earlier this week in which the CEO described the company as standing on a "burning platform." Nokia will die if it does not change the way it does business, he said.

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Nokia's new strategy: Windows Phone 7

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We all like praise, but a hike in our pay is the best kind of ways.