Nokia'S BUSINESS POLICY AND STRATEGY
Nokia'S BUSINESS POLICY AND STRATEGY
Nokia'S BUSINESS POLICY AND STRATEGY
&POLICIES
By -SANDEEP
INTRODUCTION
The roots of Nokia go back to the year 1865 with the establishment of a forestry industry
enterprise located in Finland.
In 1967 firms known as Finnish Rubber Works Ltd, Finnish Cable Works Ltd. and Nokia
were merged to form Nokia Corporation.
• It offers mobile phones and devices based on GSM/EDGE, 3G/WCDMA, and CDMA
cellular technologies .
• Nokia is focused on wireless and wired telecommunications, with 112,262 employees in 120
countries, sales in more than 150 countries and global annual revenue of 51.1 billion Euros
and operating profit of 8.0 billion as of 2007.
• In March 2008, Nokia had R&D centers in 10 countries and employed 30,415 people in
research and development, representing approximately 27% of Nokia’s total workforce.
• Nokia have 800 researchers, engineers and scientists. It has sites in seven countries: Finland,
• Nokia plays a very large role in the economy of Finland: it is by far the largest Finnish. The
Nokia’s brand valued at $35.9 billion.
• Nokia is one of the leading brand in the market . Leaving behind Motorola Sony Ericson
Samsung Siemens Philips L G and many more.
• Nokia has succeeded where other big brand names have so far failed, chiefly by putting across
the human face technology-taking and dominating the emotional high ground.
Nokia Brand Personality
• Nokia knows that technology is really only an enabler so that the customers can
enjoy a better life.
• Nokia is a great brand because it knows that the essence of the brand needs
to be reflected in everything the company does, especially those that
impact the consumer.
• The faceplates and their different colors can be changed to fit the
personality, lifestyle, and mood of the user.
Product Strategies
• We must remember that marketing is fundamentally about providing the
correct bundle of benefits to the end user.
• The ability to find the "right" person to fit into the Nokia team is one of the
company's core competencies.
• They search for the talented software engineer or researcher who can thrive
in the Nokia environment requires the company to pay great attention to
personality and behavior.
• In strategy you cannot just attempt something that you have to or will do
just like that you need to take small and control in sometimes brave steps
to achieve what you desire and have to be patient because in planned
strategy to work time is your biggest friend and sometimes the worst
enemy.
Strengths:
2 The financial aspect is very strong in case of Nokia as it has many more
profitable businesses.
3 The product being user friendly and have all the accessories one want.
2 Some of the weakness includes the price of the product offered by the
company.
3. Nokia has to target right customer at right time to gain the most out of the
situation.
SWOT Analysis
Threats:
3. The biggest threat is not adopting new technology and putting in good use.
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