The Nokia CompanyEssay Preview: The Nokia CompanyReport this essayCompany background:General information about the industry:Nokia is a Finnish multinational communication corporation that is engaged in the manufacturing of mobile phone, Internet, software. (Nokia, 2011)Company size, number of offices, short history:The Nokia Company is a worldwide brand. It has been in existence for almost a century, and has secured its place as one of the largest businesses ever. In 1865, The Nokia Company was founded by Fredrik Idestam and Leo Mechelin. In 1902 Mechelin, after the retirement of Idestam, expanded the remit of the company into electricity generation. After this Nokia started to develop telephone exchange parts, and this was the first true step towards the Nokia we know today with phones. (AC Cell phones, 2010 )
Nokia’s founding in 1892 was a unique one. Mechelin and others worked on improving the telecommunications business and making the technology for mobile. The company then developed it’s own division, including phone communications, a subsidiary, Nokia Mobile, that sold most of its products, and Nokia Electronics in the 1960s. During the same period this new product was created the second generation of phones of the mobile segment – the Nokia Plus. Mechelin and others worked on the development of mobile telephone, cellular telephone, television, etc. The Nokia Plus is now widely recognized as one of the most successful mobile telephone companies, and the first ever product sold by Nokia. The Nokia Company received its share of the market share in 2001, however it held the only position in the telephone business for the entire year of 2005. A number of Nokia companies such as Semiconductor, the Nokia Group, Motorola, and AT&T have continued to be a part of the market for smartphones ever since Mechelin and other Nokia executives, when they were trying to develop them for the United States.As in any business, there are certain companies that may benefit from a competitive advantage. However, the one benefit that the Nokia company is known for is its innovative business model.The Nokia Company manufactures smartphones for the European market. Most of these companies also manufacture other smartphones for the rest of the world. Nokia (1) developed its first phone, its first wireless technology, in 1961. It was developed mainly for the production sector of industrial and business use by employees. The company established production lines with some of the world’s best, including:Giroc and ZTE, the world’s top selling mobile telecom company. Nokia introduced its first cell phone in 1967 in the United Kingdom and from that start Nokia was also the largest mobile phone manufacturer in the world.In the early 1980s, Nokia Inc was acquired by General Electric Co. This led to the acquisition by Nokia of a number of subsidiaries and for the first time a monopoly in the telecommunications business.Nokia was also instrumental in developing and market making its own integrated mobile phone systems, called Nokia 7 Plus and Nokia Mobile 7 Plus Compact. This was the first integrated mobile phone that was available for purchase at a later date than the standard NUI 3. This was the first in the European market.Nokia also developed its first battery technology in 1981. In 1983 Nokia 8 was launched with the goal of increasing mobile network speed to more than 2.5GHz and that the company is currently manufacturing this new battery technology in Canada, Germany, Switzerland and Sweden.Nokia also created its first smartphone, the Nokia I. For the United States Nokia did not launch an integrated operating system system until 1993. Nokia 8 was one of the first operating systems to run Windows on a microprocessor. Ninchen has continued to innovate with its smartphones over the years, and in the past decade has been one of the fastest growing mobile smartphones business in the world and in particular the world of today.For the rest of the world, the Nokia Company is considered one of the leading smartphone companies. (In 2015 Nokia held its share of the world’s fourth largest cellphone company by revenue excluding revenues of $0.27 billion
Nokia’s founding in 1892 was a unique one. Mechelin and others worked on improving the telecommunications business and making the technology for mobile. The company then developed it’s own division, including phone communications, a subsidiary, Nokia Mobile, that sold most of its products, and Nokia Electronics in the 1960s. During the same period this new product was created the second generation of phones of the mobile segment – the Nokia Plus. Mechelin and others worked on the development of mobile telephone, cellular telephone, television, etc. The Nokia Plus is now widely recognized as one of the most successful mobile telephone companies, and the first ever product sold by Nokia. The Nokia Company received its share of the market share in 2001, however it held the only position in the telephone business for the entire year of 2005. A number of Nokia companies such as Semiconductor, the Nokia Group, Motorola, and AT&T have continued to be a part of the market for smartphones ever since Mechelin and other Nokia executives, when they were trying to develop them for the United States.As in any business, there are certain companies that may benefit from a competitive advantage. However, the one benefit that the Nokia company is known for is its innovative business model.The Nokia Company manufactures smartphones for the European market. Most of these companies also manufacture other smartphones for the rest of the world. Nokia (1) developed its first phone, its first wireless technology, in 1961. It was developed mainly for the production sector of industrial and business use by employees. The company established production lines with some of the world’s best, including:Giroc and ZTE, the world’s top selling mobile telecom company. Nokia introduced its first cell phone in 1967 in the United Kingdom and from that start Nokia was also the largest mobile phone manufacturer in the world.In the early 1980s, Nokia Inc was acquired by General Electric Co. This led to the acquisition by Nokia of a number of subsidiaries and for the first time a monopoly in the telecommunications business.Nokia was also instrumental in developing and market making its own integrated mobile phone systems, called Nokia 7 Plus and Nokia Mobile 7 Plus Compact. This was the first integrated mobile phone that was available for purchase at a later date than the standard NUI 3. This was the first in the European market.Nokia also developed its first battery technology in 1981. In 1983 Nokia 8 was launched with the goal of increasing mobile network speed to more than 2.5GHz and that the company is currently manufacturing this new battery technology in Canada, Germany, Switzerland and Sweden.Nokia also created its first smartphone, the Nokia I. For the United States Nokia did not launch an integrated operating system system until 1993. Nokia 8 was one of the first operating systems to run Windows on a microprocessor. Ninchen has continued to innovate with its smartphones over the years, and in the past decade has been one of the fastest growing mobile smartphones business in the world and in particular the world of today.For the rest of the world, the Nokia Company is considered one of the leading smartphone companies. (In 2015 Nokia held its share of the world’s fourth largest cellphone company by revenue excluding revenues of $0.27 billion
Nokia’s founding in 1892 was a unique one. Mechelin and others worked on improving the telecommunications business and making the technology for mobile. The company then developed it’s own division, including phone communications, a subsidiary, Nokia Mobile, that sold most of its products, and Nokia Electronics in the 1960s. During the same period this new product was created the second generation of phones of the mobile segment – the Nokia Plus. Mechelin and others worked on the development of mobile telephone, cellular telephone, television, etc. The Nokia Plus is now widely recognized as one of the most successful mobile telephone companies, and the first ever product sold by Nokia. The Nokia Company received its share of the market share in 2001, however it held the only position in the telephone business for the entire year of 2005. A number of Nokia companies such as Semiconductor, the Nokia Group, Motorola, and AT&T have continued to be a part of the market for smartphones ever since Mechelin and other Nokia executives, when they were trying to develop them for the United States.As in any business, there are certain companies that may benefit from a competitive advantage. However, the one benefit that the Nokia company is known for is its innovative business model.The Nokia Company manufactures smartphones for the European market. Most of these companies also manufacture other smartphones for the rest of the world. Nokia (1) developed its first phone, its first wireless technology, in 1961. It was developed mainly for the production sector of industrial and business use by employees. The company established production lines with some of the world’s best, including:Giroc and ZTE, the world’s top selling mobile telecom company. Nokia introduced its first cell phone in 1967 in the United Kingdom and from that start Nokia was also the largest mobile phone manufacturer in the world.In the early 1980s, Nokia Inc was acquired by General Electric Co. This led to the acquisition by Nokia of a number of subsidiaries and for the first time a monopoly in the telecommunications business.Nokia was also instrumental in developing and market making its own integrated mobile phone systems, called Nokia 7 Plus and Nokia Mobile 7 Plus Compact. This was the first integrated mobile phone that was available for purchase at a later date than the standard NUI 3. This was the first in the European market.Nokia also developed its first battery technology in 1981. In 1983 Nokia 8 was launched with the goal of increasing mobile network speed to more than 2.5GHz and that the company is currently manufacturing this new battery technology in Canada, Germany, Switzerland and Sweden.Nokia also created its first smartphone, the Nokia I. For the United States Nokia did not launch an integrated operating system system until 1993. Nokia 8 was one of the first operating systems to run Windows on a microprocessor. Ninchen has continued to innovate with its smartphones over the years, and in the past decade has been one of the fastest growing mobile smartphones business in the world and in particular the world of today.For the rest of the world, the Nokia Company is considered one of the leading smartphone companies. (In 2015 Nokia held its share of the world’s fourth largest cellphone company by revenue excluding revenues of $0.27 billion
(RadixInfo, 2010)Nokia is headquartered in Keilaniemi, Espoo, Finland.In Asia-Pacific; Nokia is the biggest telecommunication company and the regional headquarter is located in Alexandra Technopark, Singapore.Nokia has over 132,000 employees in 120 countries, sales in more than 150 countries. In Viet Nam, the representative is based in 7th floor, Metropolitan building, 235 Đong Khoi, District 1, HCM city. (Nokia, 2011)
Products/services offered competitors, etc:Nokia aims to provide innovative, high-quality products and services which help connecting people. The company wants to meet the needs of all users. Its available technologies are: Mobile phones, Smart phones, Mobile Computers. (Nokia, 2011) Besides high quality products, Nokia also provides many customer services such as Ovi map; it shows you the shortest route to your destination on foot, MobilEdu; providing wireless learning directly to your device, etc.
Beside the advantages in the global market, Nokia still has faced strong competitor such as Apple, Samsung, LG, Sony, etc. Along with those brands, the race to earn the market share will be competitive.