Nokia Corporation Essay Example | Topics and Well Written Essays - 2750 words

Nokia Corporation - Essay Example The journey of Nokia began since the year 1865 when Fredrik Idestam, a mining engineer, founded a timber pulp mill or factory in South-Western Finland. Gradually, the other mill was established in the year 1871 which inspired the name of his company to be changed as Nokia Ab. The effectual business operations of Nokia since its inception ultimately made the organisation to be a principal multinational business organisation relating with the telecommunication business sector (Nokia, 2012).Nokia became quite successful to operate its business functions influentially by employing approximately 139,000 employees throughout the world. The main products of Nokia include mobile electronic devices, mobile telephones that include smartphones with tough screens and phones with typing pads along with other communication devices. The products such as Lumia 800, E6-00 and N8-00 are few of the attractive mobile products that belong to Nokia (Nokia, 2012).The mission of Nokia is to enhance the conn ectivity amid the social framework of international regions. The chief goal of the organisation is to build superior quality of mobile products and serve its worldwide customers and to attain a significant market share. In order to achieve its expected business goals, Nokia has formed a tactical business partnership with its related industries such as Microsoft that is expected to support the organisation to attain maximum profits in the smartphone business market. In this context, the strategy of Nokia aims to leverage.... The products such as Lumia 800, E6-00 and N8-00 are few of the attractive mobile products that belong to Nokia (Nokia, 2012). The mission of Nokia is to enhance the connectivity amid the social framework of international regions. The chief goal of the organisation is to build superior quality of mobile products and serve its worldwide customers and to attain a significant market share. In order to achieve its expected business goals, Nokia has formed a tactical business partnership with its related industries such as Microsoft that is expected to support the organisation to attain maximum profits in the smartphone business market. In this context, the strategy of Nokia aims to leverage its strengths as well as innovations in developed business markets in order to connect a huge mass of people (Nokia, 2012). The organisation intends to invest heavily in its future endeavours in order to develop its different assets that include technical features, software application programs and har dware components relating with the different phones belonging to the organisation. The other important business tactic of Nokia is greatly focussing upon the aspect of new market as well as new product development strategy. The business organisation also tends to execute other noteworthy strategies with the intention of attaining its expected business objectives (Nokia, 2012). Telecommunication Industry The effective combination of several telecommunication deregulations, enhanced enlargement of various internet related applications and the attractiveness of the mobile services ultimately accelerated the pace of growth in the telecommunication industry. Due to rapid expansion as well as growth in the telecommunication