Nobody downloaded yet

Contemporary Issues in Business and Management - Essay Example

Comments (1) Cite this document
It is an undeniable fact that a business does not exist or operate in vacuum rather it operates in an environment that directly influences the operation of the company (Gitman and McDaniel, 2008). …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.7% of users find it useful
Contemporary Issues in Business and Management
Read TextPreview

Extract of sample
"Contemporary Issues in Business and Management"

Download file to see previous pages The external business environment includes demographic, social, cultural, political, legal, economical, technological, and environmental factors. The environment in which an organization operates, significantly impacts every aspects of the business. The business strategy, marketing strategy as well as the operational strategy of a company is highly dependent on its external business environment. In addition, the internal functions of the business are also impacted to a large extent (Lamb, Hair and McDaniel, 2010). In the same way, corporate culture is also a crucial factor for a business to operate efficiently in the market place. According to Daft (2009), corporate culture acts as the most important mechanism for attracting, retaining and motivating the talent. In the similar manner, different scholars have laid emphasis to the fact that a company’s value is dependent upon the way people are treated in an organization (Daft and Marcic, 2010). In this study, we will try to uncover the importance of business environment and corporate culture in an organization. The company chosen for conducting the study is Nokia and according to the report Nokia is currently dealing with issues pertaining to external business environment and corporate culture. This study will also underpin how the company is dealing with these prevailing situations. Now getting further deep into the study, a brief overview of Nokia is presented below. Nokia: A Brief Overview Nokia is a Finland based multinational company that operates in the field of information and communication technology. The company was founded in the year 1865 and is presently headquartered at Keilaniemi, Espoo, Finland. The founders of the company were Leo Mechelin and Fredrik Idestam. From the date of its incorporation, the company has always tried to offer customers with high product value (Bontje Musterd and Pelzer, 2011). In addition, the company also aims to connect the whole world with their technology offerings. Such intentions also reflect in their tagline which states “connecting people”. The principal products of the company are portable IT devices and mobile telephones. Apart from that, Nokia also sells different type of games, application, media, music, and messaging platform through the company’s OVI platform. Similarly digital map and navigator services are also provided without any cost through Navteq, which is a wholly owned subsidiary of Nokia. The company is divided into three divisions namely mobile phones, mobile solutions, and markets. The mobile solutions division is responsible for overseeing Nokia’s portfolio of mobile computers and Smartphone, whereas the mobile phone division is responsible for administering the product portfolio of mobile phone. The market division looks after the supply chain and distribution activities (Yahoo Finance, 2012). The company has also entered into various strategic alliances which helps them to cater to diversified customer base and large geographical locations. Vertu, Navteq and Nokia Siemens networks are some of the strategic alliances of the company (Plunkett, 2009). Some of the major competitors of the company are Samsung, Apple, HTC, Motorola and the local players of the market (where Nokia is having its operations). Until 31 December, 2011, the company had an employee strength of 130, 050. As of financial year 2011, the company ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Contemporary Issues in Business and Management Essay”, n.d.)
Contemporary Issues in Business and Management Essay. Retrieved from https://studentshare.org/business/1403330-contemporary-issues-in-business-and-management
(Contemporary Issues in Business and Management Essay)
Contemporary Issues in Business and Management Essay. https://studentshare.org/business/1403330-contemporary-issues-in-business-and-management.
“Contemporary Issues in Business and Management Essay”, n.d. https://studentshare.org/business/1403330-contemporary-issues-in-business-and-management.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
hwintheiser added comment 4 months ago
Student rated this paper as
The topic of "Contemporary Issues in Business and Management" was impossible to find. I spent ages to find it. Here at StudentShare, I got the most decent example. Many thanks!
Issues in Contemporary Business
A systematic approach to organizational change requires people to learn new sets of skills and behavior.” (McNamara, n.d.) 1.2 Organizational Change Management Organizational Change Management can be defined as: According to McNamamra (n.d.), Organizational Change Management is defined as “Organizational change management is essentially same as Organizational Change but the only difference is of implementation.
10 Pages(2500 words)Essay
Contemporary Issues in Business
However, change in most of the time requires fundamental turning point in order to make a difference and head to triumph. Change should require new approaches. In business, this even calls for at least one. Total quality management (TQM)
10 Pages(2500 words)Essay
Contemporary Issues In Business And Management
However, it has also been seen that benefits related to globalisation are more beneficial to a few organisations and less beneficial to others. To successfully create a global strategy and sustainable competitive advantage, it is very important to understand the nature of the industries working in a global environment as well as the dynamics of global competition (Head, Ries and Ruckman, 1998).
8 Pages(2000 words)Essay
Contemporary Issues In Business And Management
The concept of privacy can be defined in both legal and philosophical ways. The right to control of the individual’s information is known as the privacy. Over the past several years, the utilization of computer technology has increased dramatically due to the positive effect of globalization and modern technological revolution (Lober, 2012, p.40).
11 Pages(2750 words)Essay
Venture capital( Researching Contemporary Management Issues),business
Using a principal-agent model. The main analyzing done here is on why VC finances exhibit a variety of degree of interest from a hypothetical perception. In totaling, the experiment the forecast of my replica by means of an illustration of 1586 funds with 64168 venture reserves.
14 Pages(3500 words)Essay
Contemporary issues in management
The following paper deals with contemporary issues emerging in the business activities of MNCs and the concept of ethical leadership. In this context, the given passage of Niccolo Machiavelli’s ‘The Prince’ is starkly relevant to contemporary issues in management. It is asserted in the passage that whether it is prince, an individual or a company, all of them have to flow according to changing circumstances.
11 Pages(2750 words)Essay
Contemporary Management Issues: Facebook
The contemporary world due to the urge of applying cost effective and proper managerial strategies has resulted to varied intriguing issues evidenced with global corporations. Officials concerned with activities of different institutions always seek to maximize on their managerial trends, profits as well as allow for positive business feedback (Adler & Shper, 2010, pp.285).
6 Pages(1500 words)Essay
Contemporary Issues in Global Business Management
The topic of Corporate Social Responsibility and its implementation in Cathay Pacific Airlines chosen in the field of Contemporary Issues in Global Business Management. Corporate Social Responsibility Report, policies and programmes at Cathay Pacific Airways’, are
14 Pages(3500 words)Essay
Contemporary Issues in business and management
alls made to companies to assume responsibility, for the effects of business practices on the natural environment and society (Porter and Kramer, 2006). Corporations are also yielding to the pressure exerted by governments, among other agencies, to employ the principles of
6 Pages(1500 words)Essay
Contemporary Issues: Knowledge Management
As the report declares knowledge management is an important strategic asset in the current corporate world in which all types of organizations are finding it necessary to invest in sufficient KM strategies to manage knowledge and information in a way such that the maximum benefits of the available knowledge can be extracted. 
9 Pages(2000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Contemporary Issues in Business and Management for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us