In Russian, you can use the word 'oversleep' (as a transitive verb) to mean "fail to notice and take action about something until it's too late" (usually, something that causes harm to that person/organization etc.). For example, you could say that Nokia "overslept" the advent of smartphones and lost its leading position in the cellphone market which it maintained through most of the 2000s. What verb (or expression, if there's no such word) can I use to convey the same meaning?
According to the Cambridge Dictionary, the verb miss has two meanings which, combined, fully describe the situation.
to not notice someone or something
to fail to do or experience something, often something planned or expected, or to avoid doing or experiencing something
Here are some examples of its use:
A missed opportunity? When Nokia doubted the iPhone - Marketplace
Nokia missed smartphone ‘revolution’ - Financial Times, 2012
Nokia unfortunately missed the cues for two key opportunities. - EE Times
NOKIA MISSED THE CHINA MOBILE TENDER - Nokiamob.net