Nokia Business Analysis Essay

The beginning of Nokia goes back to the course of study 1865 with the establishment of a forestry industry enterprise in South-Western Finland by digging engineer Fredrick Idestam. While in the year 1898, the Finnish Rubber workings Ltd was found, and in 1912, Finnish Cable Works began operations. Gradually, the ownership of this two companies and Nokia began to gap into hands of just a few owners.Finally, these three companies were merged to pulp Nokia Corporation in 1967. Nokia Corporation engages in the manufacture of nimble devices and mobile network equipment, as well as in the provision of connect solutions and services. The company has four main business functions or segments Mobile Phones, Multimedia, opening move Solutions, and Networks. (Nokia, 2011)Purpose to study Nokia (appendix 1) Communication plays a very important usage in our life. With its large target trade, different mobile telecommunication companies work been trying to occupy the markets by offer the ir latest innovative mobile phones. One of the famous and successful mobile phone manufacturers in the conception is Nokia before.However, market leader will be replaced by other competitors. This rear be evidenced by their shares of Smart phone (appendix 2) due to the perceptiveness of their competitor. With the emergence of Apple iPhone and Samsung Galaxy today (appendix 1), Nokia should bring forth a cracking solution to ensure its future success and to gain back the market shares. Although Nokias CEO has known what their situation, the management must able to have a change that would sustain Nokias competitive advantage and reflecting to clients favorite.