MANAGEMENT INNOVATION - Essay Example

Market opportunities need to be seized with alacrity and new territories explored with professional ease and objectivity. Time should not denounce Nokia later that, like other large companies, it could not stay ahead of its time nor engage its rivals and competitiors in eventful combat in the market place. For this it is necessary that Nokia should be ahead of its times and grab every innovative opportunity that comes its way. During the course of this research, recourse has been sought to empower resources at their command through cases.

Research design is mainly framed to identify and analyze different ways for conducting the research and it also involves taking decision related to the sources from which the information has to be collected. Research design is an arrangement of situation and examination of all the information in a way that it aims to connect the significance of the research. Finally it is seen whether the objectives of research has been met in terms of the research questions. It is seen that to a very large extent, the secondary research has been able to meet the goals and objectives of research.

The history of Nokia could be traced back to 19th century, 1865 to be precise, when an enterprising engineer called Frederik Idestam constructed a wood-pulp mill factory in South Finland. The town in which this factory was built was called Nokia, which has also rendered the brand its name. During the early years, Nokia’s main business was paper and pulp, which gained a reasonable degree of success because of the demand for this kind of paper in Europe, post the industrial revolution. Russia was one of their main buyers.

However, the disintegration of Russia during the early 1990s also adversely swung the future of Nokia and for a brief period, this company went into bankruptcy. Upon recovery, it began to focus on telecommunications,