Preview

Nokia Company Background

Satisfactory Essays
Open Document
Open Document
448 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Nokia Company Background
NOKIA COMPANY BACKGROUND
Company Information
Nokia Corporation (Nokia) is player in mobile industry. The Company makes a range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more. Nokia also provides equipment, solutions and services for communications networks through Nokia Siemens Networks. From January 1, 2004 through March 31, 2007, Nokia had four business groups: Mobile Phones, Multimedia, Enterprise Solutions and Networks, supported and serviced by two horizontal groups: Customer and Market Operations and Technology Platforms, in addition to various Corporate Functions. In June 2008, Nokia completed the transfer of its Adaptation Software Research and Development (R&D) operations to Sasken Communication Technologies Limited. In June 2008, Nokia completed the acquisition of Trolltech ASA. In July 2008, Nokia Corporation completed the acquisition of NAVTEQ Corporation, and Plazes, a privately owned start-up company.

History
The roots of Nokia go back to the year 1865 with the establishment of a forest industry enterprise in Nokia, Finland by mining engineer Fredrik Idestam. Elsewhere, the year 1898 witnessed the foundation of Finnish Rubber Works Ltd, and in 1912 Finnish Cable Works began operations. Gradually, the ownership of these three companies shifted into the hands of just a few owners, and in 1967 the three companies were merged to form the Nokia Corporation. At the beginning of the 1980s, Nokia strengthened its position in the telecommunications and consumer electronics markets through the acquisitions of Mobira, Salora, Televa and Luxor of Sweden. In 1987, Nokia acquired the consumer electronics operations and part of the component business of the German Standard Electric Lorenz, as well as the French consumer electronics company Oceanic. In 1987, Nokia also purchased the Swiss cable machinery company Maillefer.
In the late 1980s, Nokia

You May Also Find These Documents Helpful

  • Good Essays

    Nokia which is headquarters is located in Finland is a global telecommunications equipment manufacturer (Kwong & Wong, 2011). Stephen Elop the new CEO of Nokia announced a new mobile strategy to adopt Microsoft’s new but unproven Windows phone as its primary smart phone operating system (Kwong & Wong, 2011). The day of his big proclamation the stock market to a 14 cent dive. Vertu was the luxury mobile phone that was founded by Frank Nuovo in the 1990’s. Stephen thought that maybe just maybe that the Vertu would be able to put Nokia back on top and raise the company stock.…

    • 732 Words
    • 3 Pages
    Good Essays
  • Best Essays

    HRM587 Course Project

    • 2598 Words
    • 8 Pages

    Nokia Corporation was founded in 1967 as a technology corporation that worked hard in the industry to introduce cellular phones in the market, very specifically in the 1970’s when cellular phones were invented and gotten so much attention from consumers. Nokia was the leader in the market for large number of years until 2007 when smartphones took over the old cellular phones. After 2007 Nokia became the follower instead of continuing to be the leader in the industry, and that is all because their products of smartphones did not have…

    • 2598 Words
    • 8 Pages
    Best Essays
  • Powerful Essays

    From a papermill company founded almost 150 years ago, Nokia is a multinational communications corporation that is headquartered in Finland and engaged in the market of 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 as of 2010. Nokia produces a wide range of mobile devices and offers Internet services such as applications, games, music, maps, media and messaging through its OVI platform. Its global device market share was 23% in the second quarter 2011.…

    • 2002 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Btec Business Coursework

    • 8618 Words
    • 35 Pages

    What is known today as Nokia was established in 1865 as a pulp mill by Knut Fredrik Idestam on the banks of Nokia rapids. Finnish Rubber Works established its factories in the beginning of 20th century nearby and began using Nokia as its brand. Shortly after World War I Finnish Rubber Works acquired Nokia wood mills as well as Finnish Cable Works, a producer of telephone and telegraph cables. All these three companies were merged into the Nokia Corporation in 1967.…

    • 8618 Words
    • 35 Pages
    Powerful Essays
  • Satisfactory Essays

    Nokia a Finnish company started as a rubber company moved into cable works and later became market leader in mobile phone devices until 2010 when the market share started declining. Nokia followed a strategy of steadily building its corporate brand and having an emotional connect with the customers. One of the key trademarks of Nokia’s brand building was that it never let its brand name to fade by creating sub-brands. It always had brand names with numerical and single alphabets. Nokia also focussed on its customer service. It has evolved to meet changing customer’s needs and desires.…

    • 685 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Nokia has been in business for more than 150 years, starting with the production of paper in the 1800s and evolving into a leader in mobile and location services that connects more than 1.3 billion people today. Nokia has always transformed resources into useful products – from rubber and paper, to electronics and mobile devices – and today’s resource is data.…

    • 1403 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    change of NOKIA

    • 1932 Words
    • 8 Pages

    In 1967, Nokia Corporation formed after the merger of three companies, namely Finland Works Co., Ltd., the forest industry by mining engineer Fredrik Idestam and Finnish Cable Works. Nokia is well known in the mobile communications industry, enabling business travel industry through different from the normal. Name of Nokia still known by entire world however now Nokia is…

    • 1932 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    The rise and fall of nokia

    • 5934 Words
    • 24 Pages

    NOKIA was the most successful European company of the 1990s. The Finnish mobile-phone manufacturer captured the emerging market for mobile phones and built the industry 's most powerful brand. Its handsets virtually defined the industry from the time it launched its first GSM phone, the 1011, in 1992. From 1996 to 2001 its revenues increased almost fivefold, and by 1998 it was the world 's biggest mobile manufacturer. In 2005, it sold its billionth handset, an 1100 to a customer in Nigeria.…

    • 5934 Words
    • 24 Pages
    Good Essays
  • Better Essays

    Nokia Cultures

    • 1697 Words
    • 7 Pages

    Nokia began 150 years ago in Finland. Before they for were known as a telecommunications company, they were known for a lot more. Nokia was founded by Fredrick Idestam and began as a paper mill. Nokianvirtra River was the location of the second paper mill plant which opened in 1871 and later the name of the company. Nokia has made everything from galoshes to tires. In 1898 Eduardo Polon founder Finnish Rubber Works which made galoshes becoming a bona fide classic design. “In 1912 Arvid Wickstrom founded Finnish Cable Works setting the foundation of Nokia technological business for what we know them as now” (nokia.com, March 25, 2013). Although “the three companies Nokia Ab, Finnish Rubber Works and Finnish Cable Works had worked jointly since 1922, in 1967 the three companies officially merged in 1967 forming Nokia Corporation” (nokia.com, March 25, 2013)…

    • 1697 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Nokia Corporation engages in the manufacture of mobile devices and mobile network equipment, as well as in the provision of related solutions and services worldwide. The company has four main business functions or segments: Mobile Phones, Multimedia, Enterprise Solutions, and Networks. The Mobile Phones segment provides various mobile voice and data devices. This segment offers mobile phones and devices based on GSM/EDGE, 3G/WCDMA, and CDMA cellular technologies. The Multimedia segment offers mobile devices and applications with multimedia connectivity over GSM, 3G/WCDMA, WLAN, and Bluetooth. Multimedia services include Internet services, music, and…

    • 2470 Words
    • 10 Pages
    Good Essays
  • Powerful Essays

    Nokia has also has a subsidiary Nokia Siemens Networks which produces telecommunications network equipment and provides solutions and services. Nokia produces mobile phones in every segment of mobile phones such as GSM, CDMA and W-CDMA.…

    • 1984 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Nokia is one of the largest companies which provide mobile service. In the case, Nokia is known to be the world leader in mobility, driving the transformation and growth of the converging Internet and communications industries. In June 2006, Nokia and Siemens announced plans to merge Nokia’s networks business and the carrier-related operations of Siemens into a new company, to be called NokiaSiemens Networks. NokiaSiemens Networks is a leading enabler of communication services. The company is one of the top three vendors in the telecommunications infrastructure industry and continues the legacy of two industry champions – Nokia and Siemens (NokiaSiemens network, 2008).…

    • 7371 Words
    • 30 Pages
    Powerful Essays
  • Satisfactory Essays

    Nokia is a world leader in mobile communications, driving the growth and sustainability of the broader mobility industry. Nokia connects people to each other and the information that matters to them with easy-to-use and innovative products like mobile phones, devices and…

    • 871 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    Nokia case study

    • 1825 Words
    • 16 Pages

    Nokia appears to be the world’s leading mobile handset manufacturer from 1998 to 2011. For acquiring…

    • 1825 Words
    • 16 Pages
    Powerful Essays
  • Satisfactory Essays

    Marketing Strategy; Nokia

    • 1476 Words
    • 6 Pages

    NOKIA Nokia Corporation is a Finnish multinational communications corporation, headquartered in Keilaniemi, Espoo, a city neighboring Finland's capital Helsinki. Nokia produces mobile phones for every major market segment and protocol, including GSM, CDMA, and W-CDMA (UMTS). Nokia has sites for research and development, manufacturing and sales in many continents throughout the world.…

    • 1476 Words
    • 6 Pages
    Satisfactory Essays

Related Topics