Industry-specific and extensively researched technical data partially from exclusive partnerships.
Finland Company Perspectives By connecting people, we help fulfill a fundamental human need for social connections and contact. Nokia builds bridges between people--both when they are far apart and face-to-face--and also bridges the gap between people and the information they need.
Nokia is divided into four business groups: The Mobile Phones group markets wireless voice and data products in consumer and corporate markets. The Multimedia segment sells mobile gaming devices, home satellite systems, and cable television set-top boxes.
The Enterprise Solutions group develops wireless systems for use in the corporate sector. Nokia operates 15 manufacturing facilities in nine countries and maintains research and development facilities in 12 countries. Nokia was a pioneer in the industry and introduced many new production methods to a country with only one major natural resource, its vast forests.
As the industry became increasingly energy-intensive, the company even constructed its own power plants. But for many years, Nokia remained an important yet static firm in a relatively forgotten corner of northern Europe.
Nokia shares were first listed on the Helsinki exchange in Despite its proximity to the Soviet Union, Finland has always remained economically connected with Scandinavian and other Western countries, and as Finnish trade expanded Nokia became a leading exporter.
During the early s Nokia began to diversify in an attempt to transform the company into a regional conglomerate with interests beyond Finnish borders. Unable to initiate strong internal growth, Nokia turned its attention to acquisitions. When the amalgamation was completed inNokia was involved in several new industries, including integrated cable operations, electronics, tires, and rubber footwear, and had made its first public share offering.
In Nokia set up a division to develop design and manufacturing capabilities in data processing, industrial automation, and communications systems. The division was later expanded and made into several divisions, which then concentrated on developing information systems, including personal computers and workstations, digital communications systems, and mobile phones.
Nokia also gained a strong position in modems and automatic banking systems in Scandinavia. Oil Crisis, Corporate Changes: Years of political accommodation between Finland and the Soviet Union ensured Finnish neutrality in exchange for lucrative trade agreements with the Soviets, mainly Finnish lumber products and machinery in exchange for Soviet oil.
By agreement, this trade was kept strictly in balance. But when world oil prices began to rise, the market price for Soviet oil rose with it.
Balanced trade began to mean greatly reduced purchasing power for Finnish companies such as Nokia. Although the effects were not catastrophic, the oil crisis did force Nokia to reassess its reliance on Soviet trade about 12 percent of sales as well as its international growth strategies.
Several contingency plans were drawn up, but the greatest changes came after the company appointed a new CEO, Kari Kairamo, in Kairamo noted the obvious: Nokia was too big for Finland. The company had to expand abroad. After the company had improved its product line, established a reputation for quality, and adjusted its production capacity, it would enter the world market.
It was feared that trying to become a leader in electronics while maintaining these basic industries would create an unmanageably unfocused company. This would prevent the bleeding of funds away from the all-important effort in electronics while preventing the heavy industries from becoming any less profitable.
With each division financing its own modernization, there was little or no drain on capital from other divisions, and Nokia could still sell any group that did not succeed under the new plan.
In the end, the plan prompted the machinery division to begin development in robotics and automation, the cables division to begin work on fiber optics, and the forestry division to move into high-grade tissues. Over the course of the s, the firm acquired nearly 20 companies, focusing especially on three segments of the electronics industry: Electronics grew from 10 percent of annual sales to 60 percent of revenues from to In late Nokia acquired Salora, the largest color television manufacturer in Scandinavia, and Luxor, the Swedish state-owned electronics and computer firm.
Nokia combined Salora and Luxor into a single division and concentrated on stylish consumer electronic products, since style was a crucial factor in Scandinavian markets.
The Salora-Luxor division was also very successful in satellite and digital television technology. Nokia purchased the consumer electronics operations of Standard Elektrik Lorenz A.
In early Nokia acquired the data systems division of the Swedish Ericsson Group, making Nokia the largest Scandinavian information technology business. Although a market leader in Scandinavia, Nokia still lacked a degree of competitiveness in the European market, which was dominated by much larger Japanese and German companies.
Kairamo decided, therefore, to follow the example of many Japanese companies during the s and Korean manufacturers a decade later and negotiate to become an original equipment manufacturer, or OEM, to manufacture products for competitors as a subcontractor.
In doing so it was able to increase its production capacity stability. There were, however, several risks involved, those inherent in any OEM arrangement.In , the three companies - Nokia, Kaapelitehdas and Finnish Rubber Works - merged and created a new Nokia Corporation, a new restructured form divided into four major businesses: forestry, cable, rubber and electronics.
China Mobile Communications Corporation (Chinese: 中国移动通信集团公司; pinyin: Zhōngguó Yídòng Tōngxìn Jítuán Gōngsī) d/b/a simply China Mobile is a Chinese state-owned telecommunication corporation that provides mobile voice and multimedia services through its nationwide mobile telecommunications network across mainland China.
China Mobile is the largest mobile. Updated world stock indexes.
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My company description NOKIA I.
on the path to electronics. the merger Nokia,Finnish Rubber works and Finnish Cable works formally merge to create Nokia Corporation. The move to mobile() The newly formed Nokia Corporation was ideally positioned for a pioneering role in the early evolution of mobile communication.
Besides it will illustrate innovations of Nokia, analysis of company and marketing strategy of Nokia. Success of Nokia is reposed on stable innovation. Human technology of Nokia is about increasing communication and searching new ways to interchange knowledge.
When it comes to delivering product design innovations to mobile device users.