Nokia Connecting People
Nokia competitors are primarily in the Wireless Telecommunications Equipment Manufacturing industry. Nokia also competes in the Wired Telecommunications Equipment Manufacturing, Billing & Service Provisioning Software, and Customer Relationship Management, Marketing & Sales Software sectors. Nokia competitors include: Samsung Electronics, Apple inc., Stephen Elop said Nokia is surrounded by a 'fire of competition', according to a company memo: Nokia's chief executive has said that the mobile phone giant is "standing on a burning platform" surrounded by a fire of competition, according to a leaked memo sent to staff.The unusually frank document, sent by newly appointed Stephen Elop, suggests the company is not doing enough to compete with Apple's iPhone or Google's Android smartphone, and that a radical change is necessary. He compared the situation faced by the company to a story of a man who jumps into freezing waters to escape a burning oil rig. "In ordinary circumstances, the man would never consider plunging into icy waters," the memo, obtained by the AFP news agency, said. "We too, are standing on a 'burning platform,' and we must decide how we are going to change our behavior.” When we share the new strategy on February 11, it will be a huge effort to transform our company," Elop wrote in the message on the company's internal website.'Intense heat from competitors' Some British media say they have verified the authenticity of the memo, but Nokia refused to comment on it when approached by Al Jazeera. Finnish-based Nokia was once the leader in the mobile world, with a 40 per cent share in the mobile device market up to the second quarter of 2008. But its fortunes have dropped recently, hitting 31 per cent of the market in the fourth quarter of 2010.Elop said there were "multiple points of scorching heat" fuelling the "blazing fire around us". "For example, there is intense heat coming from our competitors, more rapidly than we ever expected." He said Apple and Android quickly took over the market, and criticized Nokia for being slow to respond to changes in trends. "The first iPhone shipped in 2007, and we still don't have a product that is close to their experience." "Android came on the scene just over two years ago, and this week they took our leadership position in smartphone volumes. Unbelievable."According to the leaked memo, Nokia has stopped developing its first smartphone using a MeeGo operating system, which was seen as key to the firm's battle in the high-end smartphone market. "We thought MeeGo would be a platform for winning high-end smartphones. However, at this rate, by the end of 2011, we might have only one MeeGo product in the market," Elop wrote.
vission, mission statement of nokia
Nokia’s vision is simply
Nokia Corporation defines its mission to connect people through mobile phone technology and quotes its mission statement as follows “Our strategic intent is to build great mobile products our job is to enable billions of people everywhere to get connected” Goals and Objectives
Nokia’s Goals and objectives in the market are as follows
* To build great mobile products.
* To help people feel near to what matters to them.
* To enable billions of people to get more of life’s opportunities through mobiles. * To capture volume and value growth to connect “the next billion people” to the Internet in developing growth markets.
Internal Strengths & Weakness
Nokia Corporation has identified the opportunity to manufacture new mobile phones in the market with Windows 7 as the primary operating system but to in cash this opportunity Nokia Corporation has to utilize its strengths such as * Nokia Corporation is the market leader in the industry with a strong market share of 28.9% and strong brand recognition with a value of $29,495 million and is currently ranked...
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