...Finland: Middle Term Exam Introduction This paper talks about Finland and describes its economy over time, let's see what kind of products imports and its economic growth and as created new technologies to improve its GDP, as finland utilized their natural resources in a successful manner and apart hence I think one of the most prodigious world economies. 1.- Diversification and Ubiquity Finland is a country with many natural resources and much of its economy depends on it such as logging, paper companies, the working of metals, but has also evolved and has been the emergence of companies with a large technology as nokia, Finland is a country that relies on new technologies and continues to improve its companies logging, mineral exploitation, so you can not qualify to Finland as a country with one type of technology, Finland uses the environment for profit and improve their business more technology to continue to export to almost everyone, the most dynamic Economic Sector of Finland are the industry of wood, metals, engineering, telecommunications and electronics industries, together with the design. Except for timber and some minerals, Finland depends on imports for supplies of raw materials, energy, and some components for manufactured goods. Because of the climate, agricultural development is limited to self-sufficiency in basic products. Forestry, is important for export and provides a secondary occupation...
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...UNIVERSITY OF MUMBAI PROJECT ON ‘PESTLE AND DEMOGRAPHIC ANALYSIS OF FINLAND’ MASTER OF COMMERCE (BUSINESS MANAGEMENT) SUBJECT: INTERNATIONAL MARKETING SEMESTER III 2013-14 In Partial Fulfilment of the Requirement under Semester Based Credit And Grading System for Post Graduates (PG) Program me under Faculty of Commerce SUBMITTED BY RAJESHREE N. PATEL ROLL NO: 41 PROJECT GUIDE Ms. Shradha Jain K.P.B. Hinduja Collage Of Commerce, 315 New Charni Road, Mumbai 400004. M.COM (BUSINESS MANEGEMENT) III rd SEMESTER ‘PESTLE AND DEMOGRAPHIC ANALYSIS OF FINLAND’ SUBMITTED BY RAJESHREE N. PATEL ROLL NO: 41 CERTIFICATE This is to certify that Ms. Rajeshree Patel of M. Com. Business Management Semester 3rd [2013-2014] has successfully completed the project on ‘PESTLE AND DEMOGRAPHIC ANALYSIS OF FINLAND’ |Project Guide |________________________________ | |Course Coordinator |________________________________ | |Internal Examiner |________________________________ | |External Examiner |________________________________ | |Principal ...
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...Finland and Nokia Executive Summary Finland had transformed itself from a sleepy economy to a highly competitive one with maximum contribution from the telecommunications sector. Focused efforts in R&D and education helped Finland achieve this position with Nokia being a major player. While Finland maintained its ranking as a leading competitive nation in 2001, it was facing challenges. The overall growth rates were declining and the telecommunications cluster was experiencing a severe downturn. Nokia’s revenue and profits were falling and considering the fact that Nokia and the telecommunication sector played a large role in Finland’s economy, there were concerns about the level of exposure to a single cluster and company. Also, Finland was facing shortages of experienced engineers and scientists. Universities were offering programs tailored for foreign students in order to attract people to Finland. However, unemployment was increasing among the young and less skilled. Nokia was facing a challenge in evolution of standards and innovation. New standards were being developed in mobile internet services as well as software and hardware for phones and infrastructure. Smart mobile phones with multimedia messaging, internet connections and downloads from websites were being around the corner. We feel that Nokia has the options of outsourcing production to India and China to achieve reduced costs, higher production and improved benefits. They should consider development...
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...Finland Finland and Nokia: Creating the world’s most competitive economy MAN 865 SA BUSINESS AND GLOBALISATION Question 1 What were the primary sources of locational competitive advantage of Finland that enabled Nokia to build a global leadership position in mobile phones? Which of these characteristics resulted from explicit policy choices? According to porter, “The wealth of a nation is not inherited, it is created.” Finland’s geographic location and its demographic makeup are largely responsible as a determinant in the model of Michael Porter’s Diamond of National Advantage. Finland is situated on the western side of Russia (a long time trade partner up until the collapse of the Soviet Union in 1989). The country is sparsely populated and has a population of approximately 5.9 million. For pragmatic reasons the Fins supports the adoption of wireless devices as the country has a first world economy and the resources to afford it and the climatic conditions supports phone- over face-to-face conversations. Approximately 92% of the population is able to speak Finnish and 6% speaks Swedish whilst approximately 2% are foreign citizens. 61% of the population resides in metros in the south and the rest are in rural areas. (background – can be deleted if number of words are exceded) If Porters Diamond is analyzed the location of Finland becomes a driver for innovation for mobile telephony given the fact that that...
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...Business in Today’s Global Environment Finland Finland offers a wide variety of opportunities for foreign investment in the way of a company wanting to open a manufacturing plant or perhaps even a joint venture. Apex Furniture is looking for a location for a high quality furniture manufacturing plant. Apex is looking to expand their operations into the European regions and enter into the world market. They are looking for a location that can support the resource of wood needed for many of their items and the workforce with the skills to help create and produce the needs of the European regions. Several things need to be taken into account, including education and how it relates to the workforce, employment and how it relates to a accessible workforce, political and economic stability, median incomes and income disparity (will there be a market to purchase furniture), ease of direct investment, supply chain, and market competition. Finland is officially the Republic of Finland and is a Nordic country located in the Finnoscandian region of Northern Europe. Fennoscandia is a geographic term for the region made up by the Scandinavian Peninsula, Finland, Karelia and the Kola Peninsula. Finland is bordered by Sweden to the west, Norway to the north, Russia to the east, and Estonia to the south across the Gulf of Finland. There are 5.4 million people that live in Finland at the end of 2012 with the majority in its southern regions. Finland is the eighth largest country in Europe...
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...| | |Starting a Business in Finland | | | [pic] Opening a business in another country presents different and sometimes unusual challenges compared to the challenges that we are used to here in the United States. There are various market forces that need to be taken into account when considering opening a business in another country. For our project we picked Finland. In our research these are the challenges and differences we would have to deal with if we were to open a business in Finland. (Nickels) Legal and Regulatory Forces are laws, taxes, regulations and ways of conducting business. When opening a business in Finland there are general steps that should be followed. The steps to open a business in Finland are: 1. Selecting the form of business. 2. Selecting a name of the business. 3. Election of Auditor. 4. Licensed trades. 5. Start-up Notification to the Tax Administration. 6. Opening of a Corporate Bank Account. 7. Regulatory Environment in Employment Issues (OrcaWorldwide) In addition and really tied to the legal...
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...“Economic and Normativa Pressures as Drivers for the Adoption of International Accounting Standards in Finland since 1976” This article try to give us a view of the situation of the international accounting standards into the Finnish economy and how these standards have change the Finnish accounting practice, taking of consider data of the latest 20 years. Also we have to take into consider the fact that the finnish accounting regulation model the govertment have a highly control and the changes of the regulation have to pass a parliamentary process, which depending of the extent of the changes the process will be in one way or in another. About the external influences, the Finnish accounting system were mainly influenced by Nordic and German ideas. And as special issues of the Finnish model we have the fact that the government gives special taxation to those companies which potence their investment form their profits instead give them to the shareholders. Another special fact could by financiation by debt of the finnish companies which gives to the banks a very heavy role into the economy, sometimes having better information about the company than the shareholders. The erosion of this model started in the 1970s because of the internationalization of the finnish economy wich was accelerated by the collapse of the soviet union in the 1980s and the integration of Finland into the EU. Two reforms were written because of the previous factors and different pressures groups...
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...SWEDISH BUSINESS CULTURE FIELD REPORT – NOVEMBER/DECEMBER 2010 [pic] [pic] [pic] SWEDEN FACTS AND FIGURES (2009 -2010) : Full name : Kingdom of Sweden (Sverige (SE), Ruotsi (FI) ) Capital :Stockholm ( 5 m inhabitants) Major language :Swedish Major religion : Christianity Land Area 449,964 sq.km (173 732 sq miles) Population: 9,3 m (=0,14 % of world´s population) Foreign born inhabitants : 13,8 % Population density: 20 sq. km Life expectancy: Men 80 years , women 84 years Adult literacy: 99% Average per household 2.1 Divorces per1,000 : 2.1 Internet domain : .se International dialing code :+46 Currency : Swedish Krona ( 9, 1310 Kr ~1 €) Parliament: The Riksdag, with 349 members in a single chamber National Day: June 6 Education: Nine years of compulsory schooling, but most pupils continue to the three-year upper secondary school. Around one third go on to higher education at universities and colleges throughout Sweden Working hours: Standard work week is 40 hours, minimum paid vacation is 5 weeks Labor force participation: Men: 74.0 %. Women: 68.3 % Employment (% of total): Agriculture 2%, industry 23%,services 75%,unemployed 9 % Longest north-south distance: 1,574 km Longest east-west distance 499 km Agricultural land: 8 % Forests: 53 % Marshland: 9 % Grasslands: 7 % Bare rocks and mountains: 12 % Lakes and rivers: 9 % Highest mountain: Kebnekaise (2,103 m) Biggest lake: Vänern (5,650 sq km) Natural resources: forest, ore, water power (see...
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...external communications and a highly skilled labor forces. Compared to Finland, which has a highly industrialized, largely free-market economy and is one of the best performing economies within the European Union. They were able to avoid the worst global financial crisis in 2009 (The World Factbook, 2015). Both Sweden and Finland are part of Nordic Europe on GLOBE society/culture cluster. Although they shared the same region with dynamic and energetic culture, there are many differences between the two countries that make each individual country unique. The GLOBE scores on society level, culture and leadership style on each dimension shows many similarities yet many differences as well. Assertiveness Sweden scored 3.38 and ranked 61st globally. This demonstrates Swedish society does not emphasize on rewarding performances. Compared to Finland, they scored 3.81 and ranked 47th globally. This demonstrates the Finnish are neither dominant nor aggressive in their social relationships. Many countries characterized Finland as a “cultural lone wolf” (Chhokar, J., Brodbeck, F., House, R., 2007) Future Orientation Sweden scored 4.39 and ranked 9th globally. Sweden’s society encourages and rewards future-oriented behaviors. For instance, Sweden prefers its society to plan and invest in the future, and delay gratification. They are more concern with long-term rather than short-term goals. On the other hand, Finland scored 4.24 and ranked 51st globally. The Finnish supports the opinion...
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...I would like to go to finland The summer is marked by long days in Finland, especially in the far north where the sun does not set at all. i can go fishing and canoeing. There are several large lakes, including lakes Saimaa, Inari, and Päijänne. Walking is quite a popular activity in the summer. There are no high mountains in Finland, so climbing is somewhat limited. The highest mountain is Halti near Enontekiö. It rises 1328 metres above sea level. However, Lapland tourism is a category of its own. Finland is famous for its many lakes, nearly 200,000 of them Jyväskylä is the biggest city on the Finnish Lakeland with other major cities being Mikkeli, Lahti, Joensuu, Lappeenranta, Kuopio and Savonlinna. Finland is also known to have excellent water quality, and green deep woods and forests around the sea, rivers, and the waterways. In wintertime Finland provides opportunities for cross-country skiing and alpine skiing. Many of the popular ski resorts are situated north of the Arctic Circle in Lapland, but there are exceptions like Kuusamo in the northeastern part of Oulu Province and Himos in Jämsä, only 200 km North from Helsinki. If you want to see Santa Claus he is known to live on Korvatunturi in Finland. In the town of Rovaniemi there is the Santa Claus Village for tourists to visit. Finnish cuisine is notable for generally combining traditional country fare and haute cuisine with contemporary continental style cooking. Fish and meat play a prominent role in traditional Finnish dishes...
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...organization is very important for businesses, as it will determine the competitiveness of the business with other competitors. To survive and develop a long way in the market, organizations need to have a change in their business environment in the best way. Conversely, the enterprises will face to losing business capabilities and their foothold in the market and it can be cause leading to bankruptcy. Nokia Corporation's case is a typical example. In this case, Nokia is facing to big challenges from their new competitors in the markets as well as in technology advance and the changing in their customers’ habits. Because of those changing, the Nokia Corporation is losing their foothold in the mobile market in the world as well as in home country (Finland). Moreover, there are still many factors that affect this group, not only internal elements but also external elements. Those factors required the organization changes. To aware more, we will base on the PEST environments, this tool is used to evaluate the environments value, it relies on Political, social, economic, technology environment. To understand how they influence to the Nokia Corporation, in this essay we will do an analysis on the PEST environment that interact to Nokia’s situation deeply. Political environment: Political factor is related to the government legislation as well as the law in business. To bring a product to the market of a given country, that requires organizations to study political-law environment, it as an...
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...5-D COURSE INSTRUCTOR: SIR DR IQBAL PANHWAR COURSE: DEVELOPMENT ECONOMICS SUBMITTED BY: M.SHARIQUE SHAFIQUE REG NO: 35233 ABSTRACT The objective of the report is to know, how Finland Developed and Growth as an Economy in the past years till now. They achieve developed ranked from developing stage. Their Growth infrastructure, Indicators of demographics, economic and health. ACKNOWLEDGEMENT I would like to thank my teacher SIR DR IQBAL AHMED PANHWAR(PHD), for giving this opportunity for doing the report on the topic “ECONOMIC DEVELOPMENT IN Finland” and he motivates suggestions and encouragement as well as helped me to coordinate in my report by giving information about this topic . I would also like to thank Sir Asad Ali Minhas (Teacher Assistant) for his acceptance and giving me valuable time for answering my question regarding this Report.. This study has indeed helped me to explore more knowledgeable ways related to this topic and I am sure that it will help us in our future! S.NO | Contents | Page No | | | | 1 | Acknowledgement | 3 | 2 | Table of country profile | 5 | 3 | Introduction | 6 | 4 | Economy Of Finland | 9 | 5 | Human Development Index(HDI) | 10 | 6 | Economy Sectors Of Finland | 12 | 7 | Indicators | 14 | 8 | Rostow’s Growth Model | 16 | 9 | Conclusion | 16 | | References | 16 | TABLE OF CONTENTS Capital and largest city | Helsinki 60°10′N 024°56′E | Official languages | * Finnish...
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...special mineral resource like Norway or specific service like Switzerland has its bank services. To them these values give freedom to be independent. For my opinion till now we have got more from EU than we have to have to pay. Our agriculture is much better shape at the moment than it would be if we are not in EU. Estonia has got agricultural support a lot and it has improved our agricultural life a lot. I have seen several village centers build up with help of PRIAs support money. Thanks to that village people has places to gather together. The other big thing is that our borders in EU are open now. It promotes easier travelling which improves our tourism. And as well – it helps to go to work to our member country. As well known – in Finland work about 60 thousand Estonians. It is quite big amount. And not very good to Estonia – our country life is not so active anymore because there is no work and because of that younger people goes to cities or foreign countries. Prices increase as well. And much quicker than our salaries. Our minimum salary is one of the lowest in EU. Only 5 countries have lower salary than we do. Unfortunately our employers are not capable of rising them a lot. Because after that prices rise as well. And more than we can imagine. This is negative side. And one negative side that I remembered is issue about refugees. We have to be solid with other...
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...Within home textiles the biggest names are Marimekko and Finlayson. - exhibiting products at tradeshows you should consider showing your collection at Finnish Catwalk which is for clothes or Habitare which is for home products involved in these fairs and travel Finland showing products to smaller stores. - Specialized agents and importing company can be the best and safest option. These companies would first select and buy a few articles for their stock and then sell them to their customers. The commission would be around 15% and the billing would be between the supplier and the importer -The importance of electronic commerce is also growing.According to a survey made by FINATEX (Federation of the Finnish textile and clothing industry) 20 % of the respondents had purchased women’s clothing online and about 15 % had purchased children’s clothing online. It has been estimated that electronic commerce, within the textile industry, will increase to more than 1.4 million Euros in 2016. [ (The Textile and Clothing sector: Business opportunities in Finland, 2014) ] Target message:All the major chains have strict store concepts and produce their own brands alongside the purchased collections. Hundreds of small shops in Finland provide an opportunity for small suppliers as their order quantities are not so big. The smaller stores probably only buy a few elements from a collection. For this reason, every product group should have several interesting alternatives to choose from, for...
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...This case details the negotiations for a joint venture between Nora Holdings Sdn Bhd in Malaysia and Sakari Oy based in Finland. Nora is known in Malaysia as the leading telecom company and Sakari is known in Finland as a leading manufacturer of switching systems and cell phone sets. The venture would allow the new company to manufacture and commission digital switching exchanges in order to meet the needs of the telecom companies in Malaysia and other countries around it. Telekom Malaysia Bhd (TMB) wanted the countries aging telecom system to be upgraded and needed it to migrate from a primarily analogue system to a digital system. Since they lacked the resources to do it by themselves they extended a substantial contract to other telekom companies to bid on the project. This is how Nora started to negotiate with Sakari so they could together build a venture that would be able to take on this task. Joint ventures are set up in many countries to facilitate business and have an edge on competition. Nora did not have the resources to go into the project on its own and needed the expertise and technology of other companies in order to compete in the marketplace. For this reason, as with most joint ventures, Nora started its negotiations with Sakari, because they had the technology needed for the project. This would be beneficial to both companies, because Sakari would be able to enter a foreign market that would be, in part, run by a local company that understands the underlying...
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