We've received widespread press coverage since 2003, Your UKEssays purchase is secure and we're rated 4.4/5 on reviews.co.uk. Organisation Structure Of Nokia Company. Copyright © 2021 - IvyPanda is a trading name of Edustream Nokia employs 50, 000 people in 120 countries. Nokia’s E-series phones are geared to compete with the Blackberry series. The unit is also responsible for sales channels, branding and marketing activities for various products and services. Nokia has a human resources management department with the role of ensuring staff needs have been addressed effectively, the department has the role of ensuring that the company has the right number of human capital at the right time at an appropriate cost. - Nokia fired a number of R&D employees in order to cut costs as of just weeks ago (Pepin G. 2009). organization structure. The category structure helped clearly to develop Nokia’s market leadership in these days, as they could precisely meet customer needs. Lean Six Sigma Service Excellence: A Guide to Green Belt Certification and Bottom Line Improvement. Free resources to assist you with your university studies! The difference between this navigation process that iPhone will offer is that consumers wouldn’t need to download maps for a price or they would not need automotive navigations systems rather they would use their smart phones as navigation devices at very low rates. 6 December. Had Internal … It reported annual revenues of around €12.73 billion by conducting sales in more than 151 countries. Corporate governance. National culture related to our values held in our deep such as good vs. evil, normal vs. abnormal, rational vs. irrational and safe v. dangerous. The above graph is the stock price movement of Nokia stock, listed on NYSE, versus the S&P 500 over a five year period. The impact of the crises were so great that profits before taxes almost decreased by 50% in 2008 from 2007 profits before taxes. In the late 20th century, the company took advantage of the increasing popularity of computer and mobile phones. Circa' External Environment and Industry Analysis, Product and Innovation Management of Nokia, The Role of the Financial Manager - Nokia, How to create a brand extension of Nokia Phones with Nokia I-phones, Value Driven Management: Publix Supermarket. The firm has registered a sale of 30 million Symbian devices back in 2010 whereas only 60,000 phones were sold this time in North America, which was visioned as the key market of Microsoft. Nokia. Neither the business group nor the horizontal department work independent, however they are interdependent with each other, the following chart shows the companies organizational culture: Each manager or departmental head is responsible for his area and is expected to work for the good of the entire firm. The solutions unit works with other departments in close proximity to provide such solutions. Raising capital and loans from foreign capital markets has a number of benefits and a few disadvantages as well. No plagiarism, guaranteed! If you need assistance with writing your essay, our professional essay writing service is here to help! Copyright © 2003 - 2021 - UKEssays is a trading name of All Answers Ltd, a company registered in England and Wales. Nokia ursprünglich ein finnischer Holzstoffhersteller, der sich zu einem Mischkonzern und ab den 1970er Jahren zu einem Telekommunikationsunternehmen wandelte galt ab Anfang der 1990er bis Mitte der 2010er Jahre als weltweit bedeutender Mobiltelefonhersteller und war von 1998 bis 2011 Marktführer in dieser Branche. Developing new products has its own advantages but moving into new geographical markets can benefit companies from the all important concept of economies of new scale. The devices unit looks after the development and management of mobile devices portfolio which is targeted at all major consumer segments. The company provides all necessary data to authorities at NYSE because the under the rules any firm that complies with its national laws must file any differences that exist between its national laws and the laws to be followed under NYSE. As of October 1, 2009 the organizational structure at Nokia was extremely mobile and flexible. Do you have a 2:1 degree or higher? To change organisational culture is difficult and it takes time. professional specifically for you? National culture learned very early stage of life and held deep insight every human being and changed very slowly over the period of time. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. It is important to note here that China and India; the fastest growing economies in Asia are leaders for Nokia sales; secondly the list also contains growing markets such as Brazil and Russia. This factor eroded the asset base advantage the company was holding for the previous 4 years before 2008. The company faces stiff competition in the business oriented mobile phone market from RIM’s Blackberry series. Safety alert symbol. DRIVING CHANGE “Our new strategy is supported by changes in Nokia’s leadership, operational structure and approach. On the other hand equity has its own advantages such as no finance costs; in case of bankruptcy the claim of common shareholders is last only after other creditors have been paid out. There was not much change in the capital structure during the three years apart from a buy-back and cancellation of shares that were owned by the company during 2008 and 2009 respectively. Purpose. The large number of staffs at Nokia and different management and supervisory levels offers Nokia a tall organizational structure. Info: 3366 words (13 pages) Essay For the year 2009, Nokia’s market share remained flat at around 38% in the global handset market after consumers continue to encourage Apple’s iPhone in favor of the N series that Nokia is offering. "Organisation Structure Of Nokia Company" Essays and Research Papers . Looking for a flexible role? Similarly the company faces challenges from Samsung and Motorola in the touch screen phone markets and the latest Android based phones that offer efficient and extremely user friendly interface to consumers. This is one of the reasons for how internal working affected their company. As strategic tool, Nokia have realized the need to have an effectively managed human capital; a company requires both physical and human resources for its operations; human resources are the greatest asset that an organization can have; without it, no business transaction can take place. 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