Nokia

1.Brief of company : Nokia is the worlds largest producer of mobile devices. It has been a drawing card in mobiles equipment, services and declaration for enhancing communication and creating a radical ways to exchange information. It connects people. The can sales of the company reached EUR 34.2 billion in 2005 with 15 manufacturing facilities in 9 countries and research and development centers in 15 countries. They assiduous around 58,900 staffs in the end of 2005. 2.Reasons for selecting: I switch been exploitation Nokias product for a long time. However, I have never paid attention on their histories and strategies. The reasons for selecting this company is the lust to exploit how they can become a market leader in that competitive industry. 3.Main strategic issues facing the company Mr. Elop, a new CEO who replaced OPK immediately challenged on Nokia financial performance. During the last 3 years under Mr. OPK, Nokia has lost 75% of its market pileus in 2007 ( the year that iphone came out). They ar now in the state of war of Smartphone. They are trying to catch up with HTC, Apple, Samsung, Motorola. 4.Companys role to the national economy: It has a strongly impact on Finnish economy through its percentage to growth. In 2000, it accounted for 3.

3% of cheer of finish GDP and 24% of total value of Finnish exports. Nokia contribution to GDP grow was 1.9 percentage points. 5.Companys contribution to the regional economy: It has around 24 500 staffs in Finland, it contributed 1.1% of total staffs in Finland. 6.Recent strategic dilemma: Now they are facing with the challenges from their competitors such as Iphone, HTC, etc. 7.Recent strategic pickax: They has been recently acquired Symbian to transition the movement system to an open-source licensing model. They entirely cooperate with Meego in order to increase convenience of their operation system in hand phone. 8.Source of information of company:... If you postulate to get a full essay, order it on our website: Orderessay

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