Nokia s Analysis Report Comparison - 908 Words

Nokia’s Analysis Report in Comparison to Its Chief Competitors. Nokia currently has three chief competitors: Apple, HTC, and Samsung. All these firms operate in a similar market, offer similar products, and targets similar customers. It should also be noted that Nokia engage in multimarket competition because it competes with these firms in several product and geographic markets (Hitt, Ireland, Hoskisson, 2013). For the purpose of this paper, a competitor analysis will be conducted to assess the present state of Nokia. Figure 1 gives a visual of the information that will be discussed. The financial information is according to Yahoo Finance. Figure1 Finance After analyzing Nokia’s finances compared to its competitors, Nokia’s†¦show more content†¦Nokia plans to invest in HERE, the developments of new products and services needed by telecoms operators, and expanding intellectual property licensing program (Nokia Corporation, 2014). Apple plans to stay committed to offering its user a unique experience through innovative hardware, software and services. The company’s business strategy focuses on differentiation. Designing and developing its own operating systems, hardware, application software, and services, Apple intends to continue providing its customers with superior products and solutions. Apple plan to invest in research and development, marketing and advertising to increase sales and its competitive advantage. As part of its strategy, Apple will continue to grow its platform through the iTunes Store (Apple Inc., 2013). HTC plans to invest in brand awareness, marketing, and sales (HTC, 2013). Its bestselling flagship phone- HTC One has been updated in hopes of enhancing customers’ experiences. They intend to build on the quality of all the things that made the original HTC One a success and get the product into the hands of customer quicker. A Total Quality Management System has been implied by HTC top executive as the new strategy (Business Insider, 2014). Samsung has become known as the fast follower which means they monitor the market and quickly duplicate the products that are gaining traction and make them available for less. Samsung’s late mover strategy has caused some legalShow MoreRelatedCan Nokia Bounce Back?1632 Words   |  7 PagesCan Nokia Bounce Back? Section 1: Introduction This report will investigate the current business situation communications giant Nokia are facing due to their plummet in business stature. It will provide analysis through Porters Five Forces and Internal Analysis into how the former communications giant can recover. Section 2: Company Context Nokia is global company based in Espoo, Finland. It was divided into three main departments Nokia Technologies, Nokia Networks and until September 2013Read MoreFin Report1237 Words   |  5 PagesFIN 315 Final assignment: Portfolio Project December 6, 2012 Portfolio Project We changed our strategy after the first interim report. We realized that it is hard to use â€Å"bottom-up† approach to invest by looking into a particular stock to invest. Right now, we are trying to use â€Å"top-down† approach to invest in our portfolio. Top-down approach is a method of analysis that involves looking at the big picture first, and then analyzing the details of sector or industry then towards the company orRead MoreVision And Mission Statement : Nokia s Vision9696 Words   |  39 Pages 2007). Nokia’s vision is â€Å"Connecting People† (Nokia, 2013). And the company’s mission statement is an elaboration of its vision: â€Å"Connecting People. 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With the historical background provided in the earlier section, it is evident that the changes in the strategy and the structure of the organizationRead MoreIntegrated Management Project: Nokia Corporation Case Study11244 Words   |  45 Pagesï » ¿Integrated Management Nokia Corporation Contents TOC o 1-3 h z u HYPERLINK l _Toc337725744 Section A PAGEREF _Toc337725744 h 3 HYPERLINK l _Toc337725745 Brief background to the company and its industry PAGEREF _Toc337725745 h 3 HYPERLINK l _Toc337725746 Statement of the Issues Identified PAGEREF _Toc337725746 h 5 HYPERLINK l _Toc337725747 Factors Contributing To These Issues PAGEREF _Toc337725747 h 6 HYPERLINK l _Toc337725748 Human Resources PAGEREF _Toc337725748 h 7 HYPERLINKRead MoreNokias Marketing Plan: SWOT Analysis2335 Words   |  9 Pagessuch as the iPhones or the Android operated telephones. Nokia as such comes to compete in a highly dynamic industry, in which it seems unable to equalize the offer and attractiveness of the smart telephone providers. This situation is created as a result of numerous changes in the micro and macro environment, one notable one being the commodization of technologies, which unifies the quality of the products and services. In other words, Nokia should not compete with the smart phones creators, but shouldRead MoreSmartphone Industry Financial Analysis3204 Words   |  13 PagesA Financial Analysis of the Smartphone Industry Maria Thompson Jared Fowler John Froman Michael Collingsworth Emily Barnes Emily Pounders Robert Crittenden The University of North Alabama September 23, 2011 A Financial Analysis of the Smartphone Industry The industry of Smartphones is rapidly growing. Through our analysis, we have seen companies that have taken advantage of this rapid growth and some that have only experienced moderate growth. Through comparative analysis of financialRead MoreNokias Declining Market Share3499 Words   |  14 Pagesdifficulties that Nokia is facing. Nokia being a market leader until 2007 has lost its number one status worldwide. b. Design/methodology/approach: A detailed discussion of Indian mobile industry is performed to identify key issues present in the industry and to confirm the areas on which Nokia needs to focus to maintain its market share. BOT analysis, Stakeholders analysis, Causal loop are used to identify the factors triggering the issues. c. Findings- The challenges that Nokia is facingRead MoreEssay about Nokia Case10275 Words   |  42 PagesPlan: Nokia | Group F4 | 905690745162235792279447892599 | | | | Contents 1. Introduction 3 2. Internal Analysis 3 2.1. Resource Analysis 3 2.1.1. Hierarchy of resources 4 2.1.2. Resource Portfolio 4 2.1.3. Core Competencies 5 2.1.4. Summary of Resource Analysis 5 2.2. Strategic Business Unit (SBU) Analysis 5 2.2.1. Identification of SBUs 6 2.2.2. Summary of SBU Analysis 6 2.3. Value Chain Analysis 7 2.3.1. Summary of Value Chain Analysis 8 2Read MoreMarketing Analysis of Nokia Mobile2974 Words   |  12 PagesA PROJECT REPORT ON MARKET ANALYSIS OF NOKIA MOBILE IN ROHTAK Submitted for the partial fulfillment for module of Business Research Methodology Submitted To Submitted By Dr.Ashutosh Nigam Manoj Astt. Professor MBA 2.2 V.C.E. Rohtak Roll No: 23 Department of Management Studies Vaish College of Engineering, Rohtak DECLARATION