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Nokia company - Essay Example

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This research will begin with the overview of the Nokia Company and its strategic issue also the research will present academic foundations, concepts & theories regarding strategic management of organisations, impact of external & internal environment on strategy…
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Nokia company

Strategy helps an organisation to attain competitive advantage which ascertains its success. The business operations of the company along with its manufactured goods were believed to be based on technology. The factor of technology has been considered to be crucial because of the rapid alterations and the constant developments. Therefore, the company in order to stay ahead in the competition required to deal adeptly with the altering technological environment. The issue of increasing competition and sustaining existence in such a tumultuous environment would be addressed in this study (Dittrich, 2005). Academic Foundations Concepts & Theories Regarding Strategic Management of Organisations Organisations have been stated to be an accumulation of individuals who are brought together and organised with the intention of attaining certain objectives. In this context, strategy has been referred as the means adopted by the mentioned accumulation of such individuals for the reason of turning to an effectual economic performer. Strategy could be described as a structure of behaviours with the help of which a particular organisation, by mishap or plan, builds resources. These resources are then employed for the purpose of providing products as well as services in a manner that is comprehended to be worth by the users. The delivery of the products as well as the services are carried out by adhering with the financial and other determined intentions along with the restrictions made obligatory by the chief stakeholders. Appropriate strategies offer an organisation with certain assets that are measured to be exclusive or rather distinguishing. It also provides the organisation the method for adjusting and redesigning its competitive benefits in accordance with the...
It is evidently clear from the discussion that the origin of Nokia, the leading cell phone manufacturer, traces back to 1865 with the commencement of a project relating to forestry business by Fredrick Idestam who was a mining engineer in Finland. Finnish Rubber Works Ltd was set up in 1898 and the Finnish Cable Works commenced its functions in the year 1912. Slowly, the possession of the two companies along with Nokia started to change hands with few other owners. And then at last in the year 1967, these three mentioned companies were brought together which gave rise to the company called Nokia Corporation. The company has its headquarters at Espoo in Finland. Nokia Corporation is involved with the production of mobile gadgets along with appliances related to mobile network. It creates mobile gadgets with the facility of accessing internet on the gadgets. The company also offers services as well as resolutions relevant to its manufactured products throughout the globe. Nokia Corporation is involved with chiefly four kinds of business operations or divisions and they are multimedia, networks, mobile handsets and enterprise solutions. The company was stated to be the biggest producer of mobile handsets in the globe. It has a workforce which engages about 132,000 employees in more than 120 countries. In case of Nokia, after carrying out the internal and external analysis, it could be suggested that the company needs to take away its previous outdated models of mobile phones from the market as the requirements of the customers keeps on altering ... Read More
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