Top-Rated Free Essay
Preview

NOKIA ENTREPRENEURSHIP

Satisfactory Essays
294 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
NOKIA ENTREPRENEURSHIP
COUNTRY REPRESENT
•Finnish Company
•Nokianvirta river

Nokia, Finland

YEAR OF BIRTH


Company started in 1865 as wood pulp mill.



After 1963 Nokia started producing radio telephone COMPANY PRODUCT




Early products:

Wood pulp
Rubber
Cables and Television
Main Product:
Mobile Phone,
Smart
Phone,
Mobile Computers, etc. FOUNDER OF THE COMPANY
•The company was initially founded by Fredrik Idestam in
1865

•But it was later converted into a share company with his trusted friend Leo Mechelin

EARLY STORY
In 1865 Fredrik Idestam started the company on the banks of the Nokianvirta river
 In 1898, Nokia started their rubber business. 



In 1963, started with radio telephones, only for army and emergency.

EARLY STORY
Nokia won 3 different company from 1922
 In 1967 the merger happened between the
3 firms.




By 1979, Nokia started to produce radio telephone, and in 1981 they launched the world’s first international cellular network with international roaming service.

EARLY STORY
In 1991 Finnish Prime Minister Harri Holkeri makes the world’s first GSM call, using Nokia equipment and by 1992, Nokia launches its first digital handheld GSM phone.
 By 1998, Nokia is the world leader in mobile phones with turnover increasing from €6.5 billion to €31 billion


INNOVATION


Nokia is till date one of the most innovative company with continuous R&D and innovation to keep the competition to the highest peak.

CURRENT CEO DEGREE


Stephen Elop is the current CEO from September
21, 2010



Elop studied computer engineering and management at McMaster University, graduating second in his class with a bachelor's degree in
1986.

NUMBER OF EMPLOYEES


Nokia employs over 132,000 employees in 120 countries. CURRENT REVENUE IN BILLION $


With sales in more than 150 countries, the global annual revenue of Nokia is over $54.8b
US Dollar (€42 billion)

COMPARED TO BD BUDGET


In comparison to Bangladesh national budget which is $23 billion the Nokia’s current revenue i.e.$54.8billion is 2.3 times more.

THANK YOU!!!

You May Also Find These Documents Helpful

  • 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
  • Good Essays

    Executive Summary ......................................................................................................................................................... 2 Introduction ........................................................................................................................................................................ 3 The pains of Nokia............................................................................................................................................................ 4 Elop's decision and underlying thinking ................................................................................................................ 5 Option 1: MeeGo and Symbian .................................................................................................................................... 6 Technology (operating system) ................................................................................................................... 6 Ecosystem ............................................................................................................................................................. 8 Option 2: Android ............................................................................................................................................................. 9 The business case............................................................................................................................................... 9 Option 3: Windows Phone ......................................................................................................................................... 10 Technology (operating system) ................................................................................................................ 10 Ecosystem…

    • 5692 Words
    • 23 Pages
    Good Essays
  • Satisfactory Essays

    Nokia Sales

    • 479 Words
    • 4 Pages

    Based on the resources Ryanair can develop its core competencies on which a Ryanair can have a competitive advantage over its rivals. In order to figure out whether the resources can be translated into competitive advantage or not for Ryanair, the VRIO model can be deployed.…

    • 479 Words
    • 4 Pages
    Satisfactory Essays
  • Best Essays

    Entrepreneurship

    • 1241 Words
    • 5 Pages

    Similarities and differences between a manager, a business owner and an entrepreneur By Henry Amm…

    • 1241 Words
    • 5 Pages
    Best Essays
  • Better Essays

    Green Innovation. Nokia Case

    • 2643 Words
    • 11 Pages

    The technology offers a promise of a better world through the improvements in standards of living. On the other hand, resource extraction, emissions of dangerous materials, and pollution of air, water, and soil have created conditions for environmental catastrophe and have already caused irreversible damage to the Earth. That is why in last few years, companies started focusing on an eco-innovation. Eco-innovation is the development of products and processes that contribute to sustainable development, applying the commercial application of knowledge to elicit direct or indirect ecological improvements. This includes a range of related ideas, from environmentally friendly technological advances to socially acceptable innovative paths towards sustainability (http://en.wikipedia.org/wiki/Eco-innovation). Sustainability can be defined in a variety of ways. The short definition created in 1983 by a UN commission is: “Meeting the needs of the present without compromising the ability of future generations to meet their own needs” (http://www.un.org/en/sustainability/index.shtml).…

    • 2643 Words
    • 11 Pages
    Better Essays
  • Good Essays

    Entrepreneurship

    • 1968 Words
    • 8 Pages

    and marketing point of view, is Gopro’s HD Hero2 video Cameras in 2011. We will find out…

    • 1968 Words
    • 8 Pages
    Good Essays
  • Good Essays

    Entrepreneurship

    • 3004 Words
    • 13 Pages

    Promote regular team brainstorming sessions, which allow employees a chance to produce a high quantity of ideas. Once you have a large amount of ideas, analyze and choose those ideas that are of high quality.…

    • 3004 Words
    • 13 Pages
    Good Essays
  • Good Essays

    Entrepreneurship

    • 1314 Words
    • 6 Pages

    Entrepreneurship as a lot of meaning but for me it divided into two separate fundamental, the first part debate high involve on dichotomy which in a whole set that dividend in two that identify in a entrepreneur joint exhaustive that it only belong in one business to other business but in the other has mutually exhaustive nothing will belong to simulate for both business. The second fundamental an entrepreneurship is a quality or property firm that defined it self. Based on my researching of the theory was given the example for further explain and understand my perception on entrepreneurship like for example the an Entrepreneurial firms are thought of as small (Aldrich & Austen, 1986), organic and network-based rather than mechanistic or bureaucratic (Birley, 1986), fast-growing (Drucker, 1985), it also given by thought that help to keep more flexible and adaptable (Birch, 1987) and innovation (Backman, 1983). This perception gives me a huge way of interesting that how effective the Growth paradox that occurs when the business become successful that it ceases very attributes leading on success. Entrepreneurship is not for a business, or a product you don’t need to have a product to sell this is what the entrepreneur motivation which based on my personal experience in Philippines not only putting capital or invest a money its also making my own creative idea or business plan and proposed it to the company even its not a big company as what I experienced in my university the feasibility of my business plan that create an idea and information for the achieving a goal and it a huge impact for…

    • 1314 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Entrepreneurship

    • 4702 Words
    • 19 Pages

    How much of innovation is inspiration, and how much is hard work? If it’s mainly the former, then management’s role is limited: Hire the right people, and get out of their way. If it’s largely the latter, management must play a more vigorous role: Establish the right roles and processes, set clear goals and relevant measures, and review progress at every step. Peter Drucker, with the masterly subtlety that is his trademark, comes down somewhere in the middle. Yes, he writes in this article, innovation is real work, and it can and should be managed like any other corporate function. But that doesn’t mean it’s the same as other business activities. Indeed, innovation is the work of knowing rather than doing. Drucker argues that most innovative business ideas come from methodically analyzing seven areas of opportunity, some of which lie within particular companies or industries and some of which lie in broader social or demographic trends. Astute managers will ensure that their organizations maintain a clear focus on all seven. But analysis will…

    • 4702 Words
    • 19 Pages
    Good Essays
  • Good Essays

    entrepreneurship

    • 18909 Words
    • 76 Pages

    We recommend acceptance of this manuscript in partial fulfillment of this candidate’s requirements for the degree of Master of Software Engineering in Computer Science. The candidate has completed the oral examination requirement of the capstone project for the degree.…

    • 18909 Words
    • 76 Pages
    Good Essays
  • Powerful Essays

    Entrepreneurship

    • 5513 Words
    • 23 Pages

    Purpose – The main aim of this paper is to analyze the relationship between innovation and…

    • 5513 Words
    • 23 Pages
    Powerful Essays
  • Satisfactory Essays

    entrepreneurship

    • 2025 Words
    • 8 Pages

    My advantages: I think I’m not just a thinker but a doer, that’s an advantage because I try to have no irrational fear, if I have one it is calculated and more than fear I’d like to say it is just my logic telling me not to do something. So in embarrassing aspects like talking to strangers, in front of public, selling my project and exposing my idea to people who may not like it I think I have almost no problem. But I’m not crazy, in financial situations I’m pretty conservative, a lot of times you don’t know what are you confronting to if you are in a new venture, so I would risk some money but try to calculate the probabilities of success and based on that decide how much am I willing to invest in a new project.…

    • 2025 Words
    • 8 Pages
    Satisfactory Essays
  • Better Essays

    Entrepreneurship

    • 2206 Words
    • 9 Pages

    South Africa’s national development strategy along with numerous other countries strategies, view small business development and enterprise empowerment as an imperative for economic growth.(ACT102, 1996). Worldwide there is an acknowledgement that entrepreneurship is an economic workhorse and catalyst.(GORMAN, 1997) Entrepreneurship is seen as empowering and is a requisite for emerging countries such as South Africa to progress and globally integrate. South Africa acknowledges this and given its extremely high unemployment rate, South Africa has a mandate to foster an entrepreneurial nation.(Malik Fal, 2010)…

    • 2206 Words
    • 9 Pages
    Better Essays
  • Best Essays

    Entrepreneurship

    • 1856 Words
    • 8 Pages

    Nowadays, a large number of entrepreneurs are starting their business, trying to find new chances and using innovations in management and technology to achieve more economic benefit. In order to know how these entrepreneurs affect the economic growth, it is important to examine the relationship between entrepreneurship, innovation and economic development and define the role of creativity and problem solving in this relationship. This essay will begin with the definition of entrepreneurship and innovation and then explain their relationship, followed by how these two affect economic growth. It will then provide a case to explain the relationship of these three factors. Finally, the role of creativity and problem solving will be discussed.…

    • 1856 Words
    • 8 Pages
    Best Essays

Related Topics