Nokia case study ppt

Nokia gets failed firstly because of its own decision to get it sold to the Microsoft, reflecting its image of incapability to manage its firm.

Nokia crisis management case study pdf

Nokia Failure Analysis One of the reasons for the failure of Nokia is the incorrect deal of the Nokia with the Windows. When the giants like Samsung was busy with the innovation factor, Nokia was the one who entered late and was much behind in terms of functionalities and innovation. This raised many questions like — was the firm incapable of managing the business or was it the Nokia management failure. Our team believes along with most of Bochum that Nokia failed in its decision to move to Romania, particularly due to; y y It s lack of transparency with regard to the companies decision making process, The company s inability to reach out to social partners within Germany, such as the employee unions, government and local politicians. Nokia was very slow to cope up with the prevailing trends like that of the touch screen, sending of the emails and the importance of software with that of the hardware could be some of the reasons of Nokia downfall. Who Did Nokia Fail? So, one has to always try to improve as better it can.

Nokia Failure Analysis One of the reasons for the failure of Nokia is the incorrect deal of the Nokia with the Windows. After this the workforce, trade unions and local politicians were involved in considering possible solutions even if this still happens the plant closurethis process adds to the legitimacy of the company s decision.

Nokia case study strategic management

Solutions 1. Why Nokia Failed? This relocation was not uncommon within the manufacturing industry Siemens, Volkswagen and Opel nor to Nokia, who already had other manufacturing plants within Brazil, Mexico, India, South Korea and 2 in China. This too was followed by other financial institutions. This all made downfall of Nokia. The same was the case with the Nokia, which did not head to the advancement and experienced huge failure. This was common place when a business was struggling within Germany cultural differences? Nokia could present the counter claim, that this contribution to net profit represented 1. For example, earlier the models of Nokia like was very popular. Such measures of cost cutting have been implemented within Australia, as the Australian and New Zealand Banking Corporation recently announced a freeze on the wages of staff members within the company. First of all, the company was unable to come up with the epic sets and have not been implemented the correct strategy of umbrella branding. Concluding Note It is questionable whether the upper management of Nokia implemented a rational model for making decisions see below. Reduce non-labour costs Over the medium-long term, Nokia could seek to reduce costs other than its costs attributed to labour.

The same was the case with the Nokia, which did not head to the advancement and experienced huge failure. The team of cultural managers would not have to be permanent employees, but could be hired as short term contractors utilized when entering a host nation so that the company could obtain a greater understanding into the differing ways of carrying out business activities and decisions.

These pressures arise due to; y y y The predicted slowdown in growth from onwards did the telecommunications industry predict the GFC?

nokia company problems and solutions

Obviously any reduction to expenses provided ceteris paribus would equate to an increase in profitability measured as the firms Net Profit or through other metrics such as EBITDA etc The potential challenge which is accompanied with this suggested solution is that Nokia s CFO may have already exhausted this avenue whereby the company has reduced both fixed and variable costs as far as can be realistically achieved.

If the business leaders saw fit to close down production in Bochum, then so be it, and as such the company has been held responsible and has dealt with the backlash which has been thrown its way. Conclusion From the articlewe conclude that the failure of Nokia was, in short, the bad decisions that were taken by it and the avoidance to cope with the advancing world, lack of adoption of new technologies and unfocused innovations.

Nokia could present the counter claim, that this contribution to net profit represented 1. This could include reductions to; y Cost of goods sold COGS such as inventory inputs into the production process variable costy Occupancy costs such as plant rent, and outgoings fixed cost short-medium termy Financing costs Nokia could look to refinance its debt to further reduce costs.

First of all, the company was unable to come up with the epic sets and have not been implemented the correct strategy of umbrella branding. Nokia failed to identify all the problems associated with the decision to close down the Bochum plant seemingly focusing solely on the reduction of labour costs.

Similarly they could be called upon, when decisions such as the closure of the plant in Bochum are needed, as the due diligence of such decisions are carried out.

nokia study

The ability of this ultimately depends upon its capital structure and term of maturity.

Rated 6/10 based on 13 review
Download
Case Study on Nokia