Nokia Strategic Audit

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EMBA 228
Strategic Analysis for Executives
Lindle Hatton

Nokia Strategic Audit

Presented by

Adrian Bogdan
Raminder Bola
Bill Greydanus
Ron Kampling
Jason Ross

Table of Contents
Introduction6
Current Situation6
Current Performance6
Strategic Posture6
Mission6
Objectives7
Strategies7
Policies8
Corporate Governance10
Board of Directors10
Top Management14
External Environment: Opportunities and Threats25
Societal Environment25
Task Environment27
Internal Environment: Strengths and Weaknesses32
Corporate Structure32
Corporate Culture36
Corporate Resources38
Marketing38
Financials42
Research and Development46
Operations and Logistics49
Human Resources Management54
Information Systems59
Summary63
Analysis of Strategic Factors63
Review of Mission and Objectives64
Recommendations, Implementation, and Evaluation66
Recommendation 1: Walk The Walk on Social Practices66
Recommendation 2: Invest in Battery Alternatives Research68 Recommendation 3: Make Enterprise Services Profitable, Or Sell It69 Recommendation 4: Improve Support for Third-Party Application Developers69 Recommendation 5: Leverage Brand Strength Into In-Car Communications70 Conclusion71

Appendix – Risk Factors72
Foreign exchange risk75
Structured Finance Credit Risk75
Equity price risk76
Liquidity risk76
Appendix – Medium-Term Financial Goals of Nokia Corporation78 Appendix – Nokia Employee Diversity and Global Reach79 Appendix - Group Executive Board Compensation83
Appendix - Group Executive Board Biographies93
Appendix – Biographies of the Directors of Nokia101
Appendix – Committees of the Board of Directors104

Introduction6
Current Situation6
Current Performance6
Strategic Posture6
Mission6
Objectives7
Strategies7
Policies8
Corporate Governance10
Board of Directors10
Top Management14
External Environment: Opportunities and Threats25
Societal Environment25
Task Environment27
Internal Environment: Strengths and Weaknesses32
Corporate Structure32
Corporate Culture35
Corporate Resources38
Marketing38
Financials41
Research and Development45
Operations and Logistics47
Human Resources Management52
Information Systems57
Summary61
Analysis of Strategic Factors61
Review of Mission and Objectives61
Recommendations, Implementation, and Evaluation61
Recommendation 1: Walk The Walk on Social Practices61
Recommendation 2: Invest in Battery Alternatives Research63 Recommendation 3: Update the Vision and Mission Statements64 Recommendation 466
Implementation66
Evaluation66
Recommendation 567
Implementation67
Evaluation67
Recommendation 667
Implementation67
Evaluation67
Conclusion67
Appendix – Risk Factors68
Foreign exchange risk71
Structured Finance Credit Risk71
Equity price risk72
Liquidity risk72
Appendix – Medium-Term Financial Goals of Nokia Corporation74 Appendix – Nokia Employee Diversity and Global Reach75 Appendix - Election, Composition and Meetings of the Board of Directors77 Appendix - Group Executive Board Compensation79

Appendix - Group Executive Board Biographies89
Appendix – Biographies of the Directors of Nokia97
Appendix – Committees of the Board of Directors100
Audit Committee100
Personnel Committee100
Corporate Governance and Nomination Committee101

Table of Tables
Table 1. Nokia Board of Directors Compensation, 2003 - 200512 Table...
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