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.
Nobody downloaded yet

Nokias Smartphone Problem - Essay Example

Comments (0) Cite this document
Summary
The present essay "Nokia's Smartphone Problem" dwells on the marketing problems Nokia experiences nowadays. As the author puts it, Nokia faced severe threats in the market during the years 2009 and 2010. The steady slide in its smartphone market appears to be the most potent threat to Nokia…
Download full paper
GRAB THE BEST PAPER
Nokias Smartphone Problem
Read TextPreview

Extract of sample
Nokias Smartphone Problem

Download file to see previous pages... 2. Recently, Nokia almost lost the high end of the market to Apple, RIM, and Samsung. The company also faces severe competition from Chinese manufacturers which challenges the firms’ low market end operations also. Market reputation is a valuable asset to the company while it vies with its aggressive competitors. The company sells high volumes of low-cost devices to the developing markets. The wider territorial coverage of the company is also a competitive advantage to Nokia. The company’s large number of acquisitions may also become an asset while it addresses market rivals.
3. As discussed earlier, Nokia faced considerable sales decline over the past three years and this situation reduced the firm’s profitability. It is necessary to take some short-term actions rapidly so as to overcome this unpleasant business condition. It is recommendable for the company to spend more on product research and development since modern consumers are always attracted towards changes. Similarly, the company must formulate some effective strategies to minimize its cost of production as it would be beneficial for the company to set lower prices for its handsets. It is also suggestible for the company to maintain an efficient market researchers’ team that may explore market preferences and specifications.
4. Although Nokia has spent a significant amount of money both on acquisitions and researches and development, it could not take many advantages of this spending. According to O’Brien, while examining Nokia’s acquisitions strategies, it is obvious that the company overplays for acquisitions regardless of what it really needed. It is also identified that the company gives higher emphasis on control rather than leverage while dealing with acquisitions; this policy would hurt the company in its long run. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Nokias Smartphone Problem Essay Example | Topics and Well Written Essays - 500 words - 1”, n.d.)
Retrieved from https://studentshare.org/technology/1421528-nokia-case-study-analysis
(Nokias Smartphone Problem Essay Example | Topics and Well Written Essays - 500 Words - 1)
https://studentshare.org/technology/1421528-nokia-case-study-analysis.
“Nokias Smartphone Problem Essay Example | Topics and Well Written Essays - 500 Words - 1”, n.d. https://studentshare.org/technology/1421528-nokia-case-study-analysis.
  • Cited: 0 times
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Nokias business strategy
This research tells that Nokia was able to exploit its early knowledge to penetrate new markets geographical boundaries. It promotes dynamic business strategies that continuously strive to identify critical factors and innovate to meet their challenges. It has truly proved its global leadership in mobile communication by creating a niche position in the global market in the relatively short time.
9 Pages(2250 words)Coursework
Smartphone
The study is focused on the reasons of selecting smartphones. The report represents the questionnaire analysis results, as well as the study and interpretation of the collected data. While questionnaire results were used as the primary source for studying the market of smartphones, the global statistics, other researches and theories were used as secondary data sources for supporting the outlined patterns and theories.
20 Pages(5000 words)Lab Report
Smartphone
They aim to capture broad market and improve their revenue. The company targets to achieve this within three months once the execution of the plan begins. This company has planned to start its activities by early July 2013 and end by October 2013. Setting activities at the right time will enable MidlandsPhones to get into the market before their rivals (Ireland, Liu and Yu-Chih, 2008).
8 Pages(2000 words)Essay
Nokia Smart Smartphone
According to the paper scholars have had a heated debate on the exact definition of design thinking because others scholars supported the fact that design thinking was what the designers did while other scholars found no concrete reason to differentiate design from design thinking. Design thinking has multiple benefits to organizations because it greatly promotes innovative measures and progress. This is the case because design thinking helps an organization to think in radical ways that enhance the despondence towards unexpected challenges of thinking and doing differently.
7 Pages(1750 words)Essay
Competition in Smartphone Markets
The author states that another characteristic showing that the smartphones fall into the monopolistic competition category is the use of brand name by each company to name the product. According to the author, monopolistic competition is favoured by the strict laws governing the brand names of the products.
6 Pages(1500 words)Essay
Apples iPhone Smartphone
After personal computers and laptops, Apple saw the need for carrying music in a handy device and went in for iPods. This revolutionized the way music was downloaded and enjoyed. Next in the line of revolutionary introductions was the iPhone: a beauty to hold and a pleasure to work with.
4 Pages(1000 words)Research Paper
SmartPhone Security
The equipment of wireless networks or Smart phone comes with a default setting configured by the manufacturer. If this default setting is not changed then it gives benefit to
4 Pages(1000 words)Essay
Smartphone
mobile that have increased accessibility, portability and their data carrying capacity thereby making them efficient tools for adoption in education. Some recent technological advancement has led to the invention of PDA technology, Smart phone technology and Personal Media
3 Pages(750 words)Essay
The Smartphone Market

The author of the paper states that there are a number of sellers like Nokia, Samsung, Sony, HTC, Apple, Blackberry, LG  etc. who constantly upgrade their phones to make it more attractive to the market. Indeed, the fast-changing dynamics of the contemporary market has made it very competitive.

1 Pages(250 words)Assignment
Global Smartphone Industry
In order to reply these questions, such tool as Porter’s five forces will be used in order to identify the main industry drivers and competitors for Nokia. The strengths and opportunities will be highlighted to summarize the key competitive
14 Pages(3500 words)Essay
Let us find you another Essay on topic Nokias Smartphone Problem for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us