...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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...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: 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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...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 essential part of the business. In this case, when Nokia want to operate their organization...
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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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...October 2015 Global Entrepreuership- BBE 3143 Business Plan Roos Technologies Sweden Limited | Marcus Ulvne ID: 110044219 | Examiner: Maryam Amini | | Content 1. Business Concept 2.1 Idea behind the business 2.2 Goal 2.3 Business Mode 2.4 Vision 2. Products 3.5 Product Range 3.6 Research & Development 3.7 Patents & Licensing 3. Business Environment - Sweden 4.8 The Marketing Environment 4.9 Economic environment 4.10 Political & legal environment 4.11 Cultural Environment 4.12 Technological Environment 4. Conclusion 5. Källförteckning 6. Bilagor 1. Business Concept 1.1 Idea behind the business Roos Technologies (RT/ RT:s) idea behind the business is to revolutionize the printing industry by providing the markets most efficient printers in . The efficiency will help businesses save time, which will save them money. 1.2 Goal RT:s short term goals are to increase sales. That will occur though various marketing activities in order to create customer brand awareness for RT:s products and create new customer leads. Long term goals are to become market leaders by retaining a good customer base. Through extensive research and development (R&D) RT will strive to stay ahead of competitors...
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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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...“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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...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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...Dag Hammarsköld once said, “The present moment is significant, not as the bridge between past and future, but by reason of its contents, which can fill our emptiness and become ours, if we are capable of receiving them.” The Swedish culture is a lot like this quote, they take advantage of every moment that passes even if it’s not so significant, focus on the present not the past or the future. In Sweden there is a high preference for a loosely-knit social framework in which individuals are expected to take care of themselves and their immediate families. In individualistic societies the employers and employees relationship is a contract based on mutual advantage, hiring and promotion and the decisions are supposed to be based on merit only. The Swedish culture is more of a low-context culture, meaning they place less emphasis on personal relationships and more emphasis on verbalized, explicit explanations. Swedish individuals make criticism private for distinction. They believe when you make criticism public it is embarrassing. Also, Sweden is a low-distance culture, where the power is evenly distributed throughout the citizens. In Sweden a person is expected to select friends and romantic partners not on the basis of class or culture but on the basis of such individual factors as personality, and appearance. Swedish individuals are expected to confront friends, their partner, and even their supervisor assertively; it’s based on a general feeling of equality that is consistent...
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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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...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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...down she wanted to see the board of directors, chain of governance, csr - Nokia have self-enlightenment for their work in emerging countries... and then any legal requirements that we think will be relevent to stakeholders. BRIEF HISTORY OF NOKIA Nokia is one of the world's biggest manufacturers of mobile phones. In the 2nd quarter of 2008, it was able to grab 80% share from the global market. It elevated Finland to being an even wealthier country accounting for 30% of it's GDP. Nevertheless, the success of Nokia started from its modest launching. Nokia was born in 1895 when Frederick Idestam built a pulp mill. Originally located in Tampere, a southwestern city in Finland, the company transferred to the town of Nokia so it could utilize the river of Nokianvirta. The company took its name from this river, which was used for the production of hydroelectric power. Nokia as we know it today begins in 1967 with the aquisition of the Finish Cable Works, a telegraph and telephone cables company. Nokia started producing lots of products ranging from newspapers, footwear, bicycles, car tires, televisions and communication cables t personal computers, aluminum capacitors and electricity generation equipment, etc. The decision to alter its operations to mobile communication gadgets started in the 60s. The 1960s saw Nokia creating military and marketable mobile radio communications. Together with Salora Oy, Nokia created the first VHF radio in 1964. From then on, these two companies...
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...Grow the number of people using nokia devices.•Transform the devices people use.• Build new businesses• Our business and people’s expectations for mobile devices and services arechanging. Nokia’s promise is to help people feel close to what matters tothem. About the Company Nokia- Connecting People ! Nokia Corporation (NYSE: NOK) is one of the world's largesttelecommunications equipment manufacturers. With headquarters inKeilaniemi of Espoo, Finland, this Finnish telecommunications company is best known today for its leading range of mobile phones. Nokia also produces mobile phone infrastructure and other telecommunicationsequipment for applications such as traditional voice telephony, ISDN, broadband access, professional mobile radio, voice over IP, wireless LANand a line of satellite receivers. Nokia provides mobile communication equipment for every major marketand protocol, including GSM, CDMA, and WCDMA. Nokia was established in 1865 as a wood-pulp mill by Fredrik Idestam onthe banks of Nokia rapids. Finnish Rubber Works established its factories inthe beginning of 20th century nearby and began using Nokia as its brand.Shortly after World War I Finnish Rubber Works acquired Nokia wood millsas well as Finnish Cable Works, a producer of telephone and telegraphcables. All three companies were merged as Nokia Corporation in 1967. Thename Nokia originated from the river which flowed through the town of thesame name (Nokia).In the 1970s Nokia became more involved in the telecommunicationsindustry...
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...Nokia – The Success Enablers From the standpoint of innovation policy and supporting institutions the success of Nokia could be related to the Nordic decision to create the common standard Nordic Mobile Telephony (NMT). This provided Nokia with a common Nordic market of 20 million techno savvy customers before anywhere else in the world. And it provided a perfect platform for ‘infant industry development’ . When Nokia had grown sufficiently large on the back of this market it was blessed by the European Union’s decision to create a common European standard for mobile telephony – GSM. GSM grew in rapidly both in geographical scope and functions offered. Nokia was among the best positioned companies to take advantage of this the then world’s largest uniform market for mobile hand sets - Moreover, the US market didn’t manage to develop a common standard, which prevented US companies like Motorola from competing on par with Nokia globally. The Nokia Management understood that design and being user friendly was more important than being over-engineered and Nokia mobiles appealed to more age groups and customer segments than any of its competitors. It pursued the policy of design and adoption of common platform principle which provided for the growth in product portfolio by allowing economies of scale. It also enabled vigorous investment in R&D. Analog communication technology gradually gave way to digital technology , enabling operators to host new services and creating...
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