Therefore it can be said that Nokia is responsible for rapid growth in cellular communication and is a pioneer in this field.
These four groups are serviced by two other horizontal groups, which are Customer and Market Operations and Technology Platforms. These groups are further supported by various other groups and teams centered mostly in headquarters, related with corporation functions. From 2008 onwards however, three different groups involved in mobile device business and their respective horizontal groups have been integrated into a single unit and named Devices & Services. The main reason for this integration is to increase horizontal integration across the company. Another important aspect of Nokia’s business model is its sales and customer services units. These units are dispersed across more than 150 countries. There are ten different factories across nine countries involved in cell phone manufacturing operated by Nokia. Some models are outsourced to various contractors as well.
Nokia is controlled by a group executive board which is responsible for its operative management. The appointments on group executive board in turn are made by the Board of Directors. The Group Executive board currently has eleven members. In line with its long term vision of flexibility and innovation Nokia has recently decided to bring central changes to its management structure. The move is not only marked by a management strategy but a major change in business strategy as well. As mentioned earlier mobile phone market is saturated with many different players such as Apple, Samsung, and Philips etc in tough competition. Therefore Nokia’s group executive board has decided to shift its focus towards making Nokia an internet company. The management structure will therefore be changed into three main units i.e. devices, software and services and markets.
The main focus of Nokia’s corporate governance strategy ...
Cite this document
(“International Financial Management Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/394071-international-financial-management
(International Financial Management Essay Example | Topics and Well Written Essays - 1000 Words)
“International Financial Management Essay Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.net/miscellaneous/394071-international-financial-management.
This article will attempt to xplore the subject of international financial management under the following divisions: international financial markets; foreign currency risks and types; exposure to foreign exchange rate risk; exposure to interest rate risk; foreign direct investment and its management; multinational capital budgeting.
Whereas the spot (or nominal) exchange rate refers to the present price of a foreign exchange, a forward exchange rate refers to the future price of foreign exchange at a specified date (Bhole, and Mahakud, 2009). 2. Introduction The foreign exchange market involves the buying and selling of national currencies (Ajami, 2006).
USD 5,423 Ans-5) = 1.800 – 1.7800 = 0.02 = 0.02 * 90/365 = 4.4% on discount Ans-6) (d). Translation Risk can be avoided by matching the currency of an asset with the currency of an equivalent liability Ans-7) (c). Netting reduces currency conversion costs within the Group Ans-8) (b).
Minimizing problems 13 6. Conclusion 14 Reference List 16 1. Introduction International companies spread around the world carry out transactions with foreign counterparts which run into millions of dollars. A significant portion of the cross border transaction constitutes foreign direct investment (Achrol, 2011).
The exchange rate regime is the way that a particular country manages its local currency in respect with foreign currencies in the foreign exchange market. The exchange rate regime basically depends on the fiscal/monetary policy mix of a particular country and the exchange rate is determined by the central bank of the country.
ot exchange rates were used in computing forward exchange rates which are the rates at which a bank or any party is willing to exchange or trade one currency for another at some prescribed date in the future. The forward exchange rate is a kind of a forward price. This rate is
de an evaluation of international risks that company faces in relation to foreign exchange rates and discussion of the appropriate methods of managing those risks
The interest rate is annualized so it must be converted into 6-month time. By discounting the borrowed amount of
These include first, efficient production of products in the foreign market as compared to domestic market. Secondly, companies are able to easily obtain raw materials that they use in their production
Expected Utility Theory and the Modigliani-Miller theory is also taken into consideration which explains that the financial decisions of a company do not have an effect on its value. The report has also focused on the
6 Pages(1500 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic International Financial Management for FREE!