Nokia Case Study

"Nokia - Connecting People” this was the slogan we saw whenever we turned on any Nokia handset, alongside two people holding hands and this is exactly what Nokia did, carrying its customers along with it as it continued to evolve. Nokia was founded in 1865 as a paper mill company and went on to become a powerhouse in the mobile phone industry. The history of Nokia as a telecommunications company dates way back into the nineteenth century and stated out as a paper mill company in Finland till it created a cable, rubber and electronics division. In 1992, Jorma Ollila who was formerly the companies CFO then took over as the new CEO for Nokia. The state of Nokia before his appointment wasn’t so good due to poor investments Nokia had made. Things were so bad that Nokia’s board of directors considered selling the mobile phone business. However, Ollila was able to convince Nokia to stay in the mobile industry and to also let go of its other divisions and concentrate solely on its telecommunications unit. He held his position as CEO for over a decade. (Cheng, 2014). The worldwide business world initially perceived Nokia in the 1990s, depicting it as a lucky newcomer leaving no place. The first ever Nokia phone to be produced was the Nokia 1011 in 1992 and this started the path for Nokia as the mobile giant of the mobile phone industry and in 1998 Nokia overthrew Motorola and became recognized worldwide as the largest phone manufacturer (Cheng, 2014). Nokia propelled the world's first financially accessible GSM computerized telephone, the Nokia 1011, the model number hailing from the launch date: 10 November 1992 (Smith, 2007). Since then, Nokia has released a range of mobile phones in different sizes and different speculations. The mobi...

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...t of the mobile market in the matter of advancement but now they have dropped out of it completely. Although, all hope is not lost for Nokia they can still they as an organization ought to adhere to what is best and outline a mark handset that would speak to the business sector and the achievement would begin to stream. They would need to turn around their fortunes pushing ahead and that can just begin with a change at the top on the grounds that the pioneers at the beginning were not pulling their weight and had no enthusiasm toward the illicit relationships of the business. All things being said Blackberry is not dead and covered yet and all conceivable outcomes of them being effective are still practical despite the fact that their piece of the overall industry is low right now, things can change for the great in the event that they settle on the right choices.