1.1 Background of Nokia Our group has chosen mobile phone as the product of our group. We choose the brand ‘Nokia’ as it is the most popular and successful product in the market. The reason we choose mobile phone as our product because it a need and not a luxury anymore to all people in the world regardless of age, sex, race and location. Nokia is born in Finland by Fredrik Idestam. A leading player in mobile communications in the world, Nokia first started operations in the early 1980s. It has
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International Management NOKIA Nokia Corporation History Nokia Corporation is a Finnish multinational communications corporation that is headquartered in Keilaniemi, Espoo, a city neighboring Finland's capital Helsinki. Nokia is engaged in the manufacturing of mobile devices and in converging Internet and communications industries, with over 132,000 employees in 120 countries, sales in more than 150 countries and global annual revenue of over €42 billion and operating profit of €2 billion
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We live in a global economy. There are trading exchanges all over the world, i.e. China, Tokyo, Brazil, Russia, India, Australia, London, etc. The stock exchanges in China and Brazil are some of the largest in the world. Everybody in the world can access securities exchanges via the Internet. The dollar is weak right now. Europe has a debt crisis and the Euro is not so stable. Not long ago, one of Europe’s leading independent forecasters for the Treasury asserted that the Euro could collapse
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NOKIA burning platform Earlier this week, Engadget published an internal memo written by Nokia CEO Stephen Elop in which he, now famously, likens his company’s situation to that of an oil worker trapped on a burning platform. His only option for survival is to radically change his behavior and jump into the icy waters of the North Sea. A situation Nokia now finds itself in after having made a series of poor decisions. Elop conveys it this way: How did we get to this point? Why did we fall behind
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Supplemental In-Depth Integrative Case Nokia Targets the Base of the Pyramid One of the most widely used clichés in the world of business is the so-called 80/20 rule. In the realm of sales, the rule is sometimes interpreted as “80 percent of our sales come from 20 percent of our customers.”1 One recent business theory that has challenged this rule is the so called BOP or Bottom of the Pyramid perspective, developed and popularized by C.K. Prahalad.2 It refers to the around 4 billion people at
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Microsoft to acquire Nokia’s devices & services business, license Nokia’s patents and mapping services Sept. 03, 2013 Send EMail inShare1,157 REDMOND, Washington and ESPOO, Finland – Sept. 3, 2013 – Microsoft Corporation and Nokia Corporation today announced that the Boards of Directors for both companies have decided to enter into a transaction whereby Microsoft will purchase substantially all of Nokia’s Devices & Services business, license Nokia’s patents, and license and use Nokia’s
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eate Value for People II. The Human Side of Business 7. Motivating and Managing People and Groups in Business Organizations © The McGraw−Hill Companies, 2007 234 Chapter Seven SATISFIED CUSTOMERS. Unlike the other moving companies she had seen, Sheets decided that Two Men would put a premium on customer service. “Moving had a cruddy reputation,” she says. “I made sure everything was spotless. And we went out of our way for the customers.” Sheets put her movers in uniforms and gave them business
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is rather strong at Nokia is their Research and Development (R&D) teams. Nokia knows in order to compete effectively in the mobile computing and communications industry, they have to devote a great deal of time and resources to R&D.[i] As of December 2008, Nokia had a strong R&D presence in 16 countries, employing 39,350 people in this functional area. That number represents approximately 31% of Nokia's total workforce, which shows the importance placed on R&D.[ii] The Nokia Research Center focuses
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-tre.html> Nielsen 2011, “Browse all about it! The evolation ò the circular”, viewed 3 September 2013, < http://www.nielsen.com/us/en/newswire/2011/browse-all-about-it-the-evolution-of-the-circular.html> Nokia Corporation 2012, Nokia Annual Report on Form 20 – F 2012, Nokia, viewed September 1st 2013, <http://i.nokia.com/blob/view/-/2246090/data/2/-/form20-f-12-pdf.pdf> Cimigo 2011, “Gen Z in Vietnam: The craving guiltless generation”, Cimigo, view 27 August 2013, <http://api
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he downfall of Nokia - 11 reasons why they are doing so badly Nokia has been in trouble for some time now – even before Stephen Elop’s leaked memo – and so far things haven’t improved. Here are 11 reasons why. 1. Symbian is a sinking ship - the downfall of Nokia Times have changed and Android and iOS have blown Symbian out of the water. It is still desperately clinging on in some parts of the world but for most it just doesn’t come close to today’s expected level of standard.
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