How Nokia Fell from Grace

23-11-2010 How Nokia Fell from Grace - Business… Av ailable on the iPad opening move REMARKS September 15, 2010, 11:01PM EST How Nokia Fell from Grace By failing to fancy changes in its merchandise and remaining geographically removed, the mobile-phone maker ceded check out to Apple and others By Matthew Lynn What was the just about succeederful European bon ton of the 1990s? Easy: Nokia (NOK). The Finnish mobile-phone manufacturer captured the emerging market for mobile phones and built the industrys most powerful brand. Its handsets close to defined the industry from the time it launched its first GSM phone, the 1011, in 1992. From 1996 to 2001 its revenues change magnitude almost fivefold, and by 1998 it was the worlds biggest mobile manufacturer. In 2005 it change its billionth handset, an 1100 to a customer in Nigeria. Politicians lined up to praise Nokia as an example of how Europe could prosper in the 21st century. Romano Prodi, president of the European Commission, drew attention to the success of Nokia and its rival, Swedens Ericsson (ERIC), in a speech in 2002.

Their achievement in mobile telephones helped to create two vibrant clusters, around Oulu in Finland and Stockholm in Sweden, which have attracted a large outcome of startups as well as investment from foreign companies, Prodi said. These examples usher that European regions are capable of developing new, high-tech clusters. Now, whats the most disappointing company of the 2000s? Easy again: Nokia. The company has been in steep declineâ€"a point underscored by its Sept. 10 announcement that it was hiring its first non-Finn as chief executive officer. LESSONS OF THE FALL provided as Nokias rise held lessons about how Europe could succeed, its downfall tells us much about why European enterprisesâ€"and large companies ecumenicâ€"so often stumble. In the past three years, the news out of Nokia has only been bad. Since Apple (AAPL) introduced its iPhone in January 2007, Nokia shares have move 49... If you want to get a full essay, order it on our website: Ordercustompaper.com

Ordercustompaper.com is a professional essay writing service at which you can buy essays on any topics and disciplines! All custom essays are written by professional writers!