Nokia Case Study Example | Topics and Well Written Essays - 3250 words

Nokia - Case Study ExampleBased in Espoo, Finland near the city of Helsinki, Nokia is the largest Finnish familiarity with about half of the market capitalization of the Helsinki Stock Exchange or OMX Helsinki playing a major role in the economic system of Finland. Nokia make been rated best Finnish brand and employer many times (Wikipedia, 2007).Nokia has research and development, manufacturing and sales representation in many continents with the Nokia Research Center sites in Athens, Helsinki, Tampere Oulu, Tokyo, Beijing, Budapest, Ulm, Bochum, Palo Alto, California, Bangalore, and Cambridge, Massach drilltts. Its major production factories are located in Salo, Finland, Dongguan, China, Chennai, India, Komarom, Hungary and Ruhr, Germany. The Nokia Design Departure is at Salo, Finland (Nokia, 2006).Nokia is comprised of four business groups the Mobile Phones, multimedia system, Enterprise Solutions and Networks. Its Mobile Phones provide expanding mobile interpreter and data c apabilities across a wide range of mobile devices. Multimedia brings mobile experiences to consumers in advanced mobile devices and applications giving people access and use of multimedia through a range of radio technologies. Enterprise Solutions offer businesses and institutions a broad range of product solutions, including enterprise-grade mobile devices, security infrastructure, software and run and collaborating with companies to provide fixed IP network security, mobilize corporate email and extend corporate telephone systems to Nokias mobile devices (Nokia, 2006).2Current situationIn its Annual Information Report, 2006 gained net sales of 41,121 million as compared to 2005s 34,191 million. The operating profit increased from 4,639 million in 2005 to 5,488 million while its operating marge declined from 13.6 to 13.3%. The Earnings per treat (diluted) is 1.05 from 0.83 (Nokia, 2006). By the end of 2006, Nokia already has 14 manufacturing facilities in nine countries around t he world and research and development in 11 countries employing 68,483 persons.In January 25, 2006, Nokia reported a net sales growth of 11,701 million from its 2005 fourth quarter 10,333 million. Its operating profit grew to 1,519 million from 2005 fourth quarters 1,368 million. Earnings per diluted share grew to 0.32 from 2005 fourth quarters .025. The Quarterly and Annual Information reported the followingNet Sales by Business Group Q4 2006EURm%Mobile Phones7 07660Multimedia2 13618Enterprise Solutions3053Networks2 18419Nokia Group11 701100Source Nokia, 20063Human ResourcesNokia reported to had a closing employment of 68,483 in its global operationsSource Nokia, 2006While Nokia provided people friendly devices through their mobile phones and its features, Nokia have constantly earned the trust, respect and trust of the Finnish as the most sought-after employer (Wikipedia, 2007). The HRMID (2004) also reported that Nokia used its human resources policy in continuing its success. The report noted that Nokias people policies have played a major role in keeping the company reach its 40% share on the