1. How was Finland able to move from a sleepy economy to one of the most competitive nations in the world by the end of the 1990’s? Finland was considered a sleepy country even after their independence from Sweden, depending its economy mainly on the Soviet Union by exporting its natural resources. Finland however slowly but constantly developed its economy up to the OECD average, following the models of its Nordic neighbors to invest highly in social welfare and public infrastructure. Also, Finland had gone though dramatic change in its macroeconomic policy starting from 1970s, featuring fixed nominal exchange rate, centralized wage bargaining, and an increasing fiscal budget though the 1980s. Strict Nokia was the first to build global production line in mobile communications sector, 5 to 10 years ahead of other competitors. Nokia surely was lucky to start its investment on mobile communication with no global competitor, but its foresight of seeing the possibility of mobile communications, courage to fully concentrate in one sector and aggressive strategy to prevent and differentiate from other competitors were no luck.
4. What are the critical challenges for the Finnish government in 2001? For participants in the Finnish mobile communications cluster? For Nokia? As rapid industry growth attracted many new handset competitors, many with a background in consumer electronics such as Samsung and Sony joined the competition in mobile communication sector. Finland and Nokia still maintained their position as a world leading nation and company in mobile communication sector but constant challenge from other competitors threat their positions. New technology constantly forced the mobile communications to update their standards pressuring and invest more on the technologies. As the competitions in mobile communication overheat, companies of Finland faced declined. Nokia reduced their employees in order to cut their cost spending and Finland, where more than half of Nokia’s production line was established suffered from a great unemployment rate. Moreover as the technology improved, Finland faced shortages of
Always adapting. Over the past 150 years, Nokia has evolved from a riverside paper mill in southwestern Finland to a global telecommunications leader connecting over 1.3 billion people. During that time, we’ve made rubber boots and car tires. We’ve generated electricity. We’ve even manufactured TVs. Changing with the times, disrupting the status quo – it’s what we’ve always done. And we fully intend to keep doing it. The story so far. In 1865, mining engineer Fredrik Idestam sets up his first…
Company Study - Nokia Product Category: Mobile Introduction The Nokia Corporation is a Finnish multinational communications and information technology corporation that is headquartered in Espoo, Finland. Its principal products are mobile telephones and portable IT devices. It also offers Internet services including applications, games, music, media and messaging, and free-of-charge digital map information and navigation services through its wholly owned subsidiary Navteq. Nokia has a joint venture…
Introduction: "Nokia - Connecting People": this slogan is known all over the world. In 2006 Nokia employs 68,041 people in 120 countries. Currently every third mobile phone sold in the world is from Nokia. The Nokia Company is today one of the world's leading high tech companies. Its rapidly growth in the 1990s coincided with a basal structural change of the Finnish economy and industry. In this restructuring process Nokia played an important role. Despite the fact that Nokia is a leading multinational…
Nokia - connecting people. Introduction In 1963 Nokia starts its journey in the field of telecommunications with developing radio telephones for the army and emergency services. Since then, Nokia came a long way with launching the world’s first international cellular network and the first to allow international roaming in 1981. Nokia introducing the first car phone in 1982 and in 1991, Harri Holkeri- the Finish prime minister by then, makes the world’s first GSM phone call with Nokia handset…
Huikun Chen June 10, 2015 Dream Land Finland Before I have this Intercultural communication class, I have to admit that sometime I might put the idea “what I think they are” on people who from different countries. But after I watched the movie Crush, I began to think maybe we should not only judge people by their appearances and accents. We should actually know one’s personality and behaviors before we open the mouths. Because we have no idea about his culture or belief, sometime we think they act…
Nokia not so Mobile? Write a brief account of how different elements of the temporal and PEST environments interact to influence the situation described in the case. Change is unavoidable in the existence of an organization. Nowadays, most of the organizations in the business world are facing changing business environment. There is no way to avoid either change or die. The major forces which make the changes not only desirable but inevitable are technological, economic, political, social, legal…
Report Assignment Nokia Social Report Thanks for taking your time to read this report; in the report, a variety of information about the past and the future of our sustainable commerce process would be found. 1. Mission Statement and History The mission statement of Nokia is quite simple: Connecting People. To estimate a wonderful mobile experience and mode which correspond with the desire of modern life for billions of people all over the world, should be the best description of…
what have we learnt from reading your report?) 1. Executive summary (what you say in the report) 2. Introduction(whole mobile industry) Nokia, the most successful mobile company in the world, which started its business in Finland and has over 132,000 employees in 120 countries, sales in more than 150 countries, with major operation in Finland, China, and the US (Deole 2011) Nokia’s most important business is mobile phone manufacturing, which produced revenues of 511.1 billion across more…
Nokia Executive Summary: The following study will determine the reasons behind the decline of Nokia market share in the telecommunication industry. In fact, according to Nokia financial results, their global device market share decreased to 23% whereas their converged mobile device market decreased by 7%, results combined with the increase of the Market share of Nokia competitors, mainly Apple. In addition, “both Apple and Samsung passed Nokia in worldwide smart phone sales” according to ABI…
strategies Marketing Strategy of Nokia in India SWOT & PESTEL analysis Recommendations References 2 Company profile • Formed in 1865 by mining engineer Fredrik Idestam in a village named Nokia in Southwestern Finland • First business was in wood pulp mill • In 1920, Finnish Rubber Works was acquired by Nokia • 1922, Finnish cable works merged in Nokia and Nokia was know as footwear (galoshes) and tyres, went on to manufacture rubber bands,…