Importance is given to teamwork and mutual respect (Nokia-b, 2010). In the beginning of 2008 the company announced a new “company structure”. It aims at aligning the opportunities in the company with future growth prospects. Nokia also plans to increase the efficiency of the working ways across the company.
According to the Articles of the company and Finnish Companies Act the management and control of the company is divided between the company shareholders, the Board of Directors,, President and Group Executive Board headed by the CEO. The Board gives decisions relating to the activities of the Group including crucial investment decisions, approval of plans and divestments. The Group Executive Board of the company is in charge of managing company operations (Nokia-c, 2010).
The competitors of the company are LM Ericsson Telephone Company, Motorola Inc. and Samsung Electronics Co., Ltd. Nokia has the highest market capitalization out of all the above mentioned competitors. In terms of sales the company ranks first among its competitors.
Nokia has operations across China, Finland, India and Germany. In these countries the company offers Networks Technology. Nokia offers “mobile devices and technology” services in China, Brazil, Great Britain, Finland, India, Hungary, Mexico, South Korea and Romania (Nokia-d, 2010).
The devices unit of the company is in charge of managing and developing its mobile services portfolio. Nokia Siemens Network offers fixed network infrastructure, wireless, networks and communications service platforms and professional services to service providers and operators. NAVTEQ is a major provider of “digital map data” for mobile navigation devices, internet based applications and business & government solutions. The map data of NAVTEQ is a significant part of the map services of Nokia which provide downloadable maps and voice-based navigation (Nokia-f, 2009).
The vision of the company is based on the