Nokia's Downfall

NOKIAS DOWNFALL Nokia Corporation is a Finnish multinational communication theory corporation that is headquartered in Keilaniemi, Espoo, a city neighboring Finlands outstanding Helsinki. Nokia is engaged in the manufacturing of mobile devices and in converging network and communications industries. It is a public limited liability connection listed on the Helsinki, Frankfurt, and New York stock exchanges. It plays a very greathearted role in the economy of Finland; it is by far the largest Finnish company, accounting for well-nigh a third of the market capitalisation of the Helsinki Stock Exchange (OMX Helsinki) as of 2007, a comical situation for an industrialized country. It is an important employer in Finland and several short companies have grown into large ones as its partners and subcontractors. But now, the faggot has fallen. Nokia shares have fallen by 47 percent since orchard apple tree introduced its iPhone. Even its market share has been shrinking. This downfall was caused by ternary major factors. First was that Nokia rested on their laurels. They were just in any case confident of their success and glory that it eventually lead to sorry assumption of sticking to its market share without giving more than attention on innovating and developing its products.

In this industry, the company essential always make sure to innovate their products in fix up to attract and excite the consumers to purchase it. The second factor was that Nokia was nonvoluntary to challenge itself to innovate its products. They failed to notice that the mobile phone users present dont just use their phones to call or send someone a message. Instead, current users now cares about mobile phones that can provide them with a feel of the promotional material in technology like, they use their mobile phones to check their emails, to steady down a specific place or even modify their facebook status. Lastly, Nokia was not situated in a location where in other Web companies or consumer electronics manufacturers are. So, they were not able to gather... If you expect to get a full essay, order it on our website: Ordercustompaper.com

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