Case study: Finland and Nokia 1. How was Finland able to move from a sleepy economy to one of the most competitive nations in the world by the end of the 1990’s? Finland was considered a sleepy country even after their independence from Sweden‚ depending its economy mainly on the Soviet Union by exporting its natural resources. Finland however slowly but constantly developed its economy up to the OECD average‚ following the models of its Nordic neighbors to invest highly in social welfare and
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conditions‚ related and supporting industries and firm strategy‚ structure and rivalry. In the article “Finland-and-Nokia:Creating-the-World’s-Most-Competitive-Economy” the authors showed how Finland created the diamond of national advantage ensuring the emergence of the Finnish Telecommunications cluster that facilitated Nokia’s innovation and world leadership. The competitive landscape within Finland (non-monopolized telephone network to prevent the Russians from taking over the system)‚ export-centered
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Pest Analysis On Nokia - December 2nd‚ 2010 Nokia Corporation (Finnish pronunciation: [nki]) (OMX:NOK1V‚ NYSE: NOK‚ FWB: NOA3) is a Finnish multinationalcommunications corporation that is headquartered in Keilaniemi‚Espoo‚ a city neighbouring Finland’s capital Helsinki.[3] Nokia isengaged in the manufacturing of mobile devices and in convergingInternet and communications industries‚ with over 123‚000 employeesin 120 countries‚ sales in more than 150 countries and global annualrevenue of EUR 41
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PEST Analysis of Nokia PEST analysis identifies the political‚ economic‚ social‚ technological‚ environmental‚ and legal factors that of which directly affect a company. Political Factors Political/Legal environment are usually considered as one because they are enforced by the nation’s government. It is vital for Nokia’s operation because different nations with their respective government have different Political/Legal platforms respectively; Nokia operating on global level must abide to
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Political The Political factors relates to the factors which the government also affects such as government instability or rules and regulations which the business must follow. Nokia have recently moved one of its manufacturing facilities to India‚ and because of this it is important that Nokia follow the rules and regulations that are set in India‚ so that they can operate as efficiently as possible. The types of things they will have to be aware of is the minimum wage‚ the maximum hours a week
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PEST ANALYSIS The market environment is a marketing term and it refers to all of the forces outside of marketing that affect marketing management’s ability to build and maintain successful relationships with target customers. Company‚ its suppliers‚ distributors‚ and its competitors are also impacted by what is happening in the world. To succeed therefore‚ it is necessary to continuously monitor‚ anticipate‚ and adapt‚ to that environment‚ and wherever possible‚ shape that environment. The
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organization-Nokia Corporation on highlighting the basic purpose of management including ensuring the organization’s goals are achieved in an efficient and effective manner and perform the following tasks:- A.) PEST Framework. B.) Departmentalized by geographic location. C.) Social Responsibility. 2.0 NOKIA CORPORATION 2.1 Company Background The roots of Nokia go back to the year 1865 with the establishment of a forestry industry enterprise in South-Western Finland by mining
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Self and Peer Evaluation‚ by 30 April 2013 In the evaluation you will have to think‚ evaluate and write about what you and your class mates have learned during the study unit and how you and they have taken part in the lectures and group assignments. This assignment is set to bring new insights to one’s own thinking and to support personal learning. The point in this task is to evoke critical thinking‚ practice selfreflective skills and connect one’s personal learning to previous experience. Self-reflection
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dialogue as premier leaders are the celluler phone manufacturers. I vividly remember the first time a mobile phone‚ the legendary Nokia 8110‚ had been welcomed in our family through my father. Although it was Motorola Incorporation that launched the first mobile in 1973 into the market by Martin Cooper‚ who was working as an engineer for the company at that time‚ Nokia had managed to astonish people in my country‚ Turkey‚ by the 8110. It had all the attention‚ for a specific period of time‚ in Turkey
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Internationalization drivers of Nokia Here presented are the main factors causing Nokia to internationalize after its own market was saturated. Push factors: - A penetration level of 70% in the existing saturating markets motivated Nokia to expand business elsewhere. - The 1990 Crisis in Finland made the real GDP and exports drop‚ unemployment rose. - Exports to former crucial areas (Soviet Union) dissolved due to the fall of the berlin wall‚ causing German reunification and independence
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