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Thursday 13 December 2012

Nokia's Downfall

NOKIAS DOWNFALL Nokia Corporation is a Finnish multinational communication theory corporation that is headquartered in Keilaniemi, Espoo, a city neighboring Finlands nifty Helsinki. Nokia is engaged in the manufacturing of mobile devices and in converging mesh and communications industries. It is a public limited liability federation listed on the Helsinki, Frankfurt, and New York stock exchanges. It plays a very boastful role in the economy of Finland; it is by far the largest Finnish company, accounting for near a third of the market capitalization of the Helsinki Stock Exchange (OMX Helsinki) as of 2007, a queer situation for an industrialized country. It is an important employer in Finland and several lower-ran fag companies have grown into large ones as its partners and subcontractors. But now, the king has fallen. Nokia shares have fallen by 47 percent since apple introduced its iPhone. Even its market share has been shrinking. This downfall was caused by triad major factors. First was that Nokia rested on their laurels. They were just also confident of their success and glory that it eventually lead to scurvy assumption of sticking to its market share without giving a great deal attention on innovating and developing its products.
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In this industry, the company mustiness always make sure to innovate their products in stage to attract and excite the consumers to purchase it. The second factor was that Nokia was indisposed to challenge itself to innovate its products. They failed to notice that the mobile phone users like a shot 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 development in technology like, they use their mobile phones to check their emails, to excavate 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 call for to get a full essay, order it on our website: Ordercustompaper.com

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