The activity of studying the implications of theses transformations and adjusting the way that organizations reply to them is known as business strategy. This has the ability to affect both the primary line of the company because of corporation tax but also the ability and power of customers to spend with Nokia and its services, linked to income tax. For the present time UK interest rate is stagnates at a relatively low level of 0. This may be represents a huge chance for firms like Nokia which is able to borrow large amount of money to realize the ambition of Capital expansion.
The activity of studying the implications of theses transformations and adjusting the way that organizations reply to them is known as business strategy. This has Internal factors affecting nokia ability to affect both the primary line of the company because of corporation tax but also the ability and power of customers to spend with Nokia and its services, linked to income tax.
For the present time UK interest rate is stagnates at a relatively low level of 0. This may be represents a huge chance for firms like Nokia which is able to borrow large amount of money to realize the ambition of Capital expansion.
In a global perspective, the UK political system based upon parliamentary democracy may provide Nokia with relatively low risk political environment in which to operate within. Where they may be less clients who have the ability to buy the product and get various services of Nokia due to a dramatically increase of unemployment in the UK 0.
Even if the number of customers keeps falling down, thanks to these economic patterns Nokia may be able to record an increase on its average spend per customer. By analyzing the graphs above which indicates the annual UK GDP growth from to we can easily distinguish that: The lowest levels of growth have been seen in [ GDP growth of 1.
Social Factors Today mobile phone is not just a simple communication gadget, but become a companion in the day-to-day life and work friends. All the social levels of our society use different types of phones on different frequencies to satisfy their personal needs and wants, against their differences in race, nationality, religion, beliefs or income.
Nokia has been promoting the farm and its new products on social network such as Facebook and Twitter and provide customers with ongoing promotional activities that the company has produced. Nokia has established a website to help consumers Internal factors affecting nokia about the features articles, and help them to acquire knowledge about Nokia products.
Key technological development such as the internet have allowed firms such as Nokia to develop online business models which complement traditional bricks and mortar retail establishments.
Having Microsoft as partner Brings a vast range of technological advantages like Windows phone mobile platform. What does Nokia have to do in the legal field? Nokia also provides multiple applications that focus on environment e.
One of the biggest weaknesses of the Nokia Company is their poor after sale service and they have very few service centers, and they took a long time to enter the new Smartphone market so they lost a lot of their market share. One of the big opportunities the Nokia Company have is their deal with Microsoft because it is a win-win situation for them especially if they cooperate and use their resources to develop and expand the range of products and the prices and to increase their presence in the market.
One of the biggest threats of the Nokia Company is the cheap and the low cost Chinese mobile phone companies that are in the market, and also the big and fierce competition between the Smartphone companies which will be very difficult for Nokia to keep and enlarge their current market.
Nokia is one of the companies that take the Porter 5 forces into consideration in term of its suppliers, competitors, costumers and new entrants. Threat of new entrants: Any company in the business industry can face problems and issues from the entry of new companies into the market.
Example can be taken is Nokia hold 29 percent of the market share in the industry. Generally this factor means that suppliers have power to take control of the market or the company itself. In the case of Nokia, it relies on suppliers to provide necessary equipment for their advanced phones for example Microsoft is working with Nokia in term of providing new generation of mobile phones with the use of Microsoft software.
So we could say that Nokia has only one supplier that have good power which is Microsoft, on the other hand Nokia can switch to any hardware suppliers as far as they provide them with cheap material and low cost.
In this force, the company should have well understanding and be aware of it as one of the factor that can easily change the company success from gaining to failing. As conclusion we could say that Buyers have highly power to choose any company depends on their needs and satisfaction.
It would be very hard for people to replace phones with something else; however if we think that substitute is having different companies that can provide similar or different products than the one Nokia is selling or offering in the market, we could said that Nokia has very large number of substitute in the phones industry and its one of the main problem that Nokia is facing such Apple and Samsung are taking place and having good power in the market.
Nokia has many competitors in the phones markets; it used to be in the first place however it decreases from its position and left the competition to 2 big Companies such as Apple and Samsung. Demographic Segmentation High Income Group Casters to the upper segment of the society with high purchase power e.
Etc Low Income Group Caters to this segment which have very low income and use mobile phones only for calling purpose e. Psychographic Segmentation Market Targeting Selective specialization Nokia has selected a number of segments and come out with product for each of them thereby ensuring its presence in the complete market.
Become a number one in customer and consumer loyalty Nokia solve the consumer problem in a more efficient way or provide superior benefits compare to the solutions marketed by competitors. It gains market share through gathering information about consumer needs and then designing product and services to closely meet these needs Become a number one in product leadership Nokia offer a wide range of mobile phones, apps, social networks and internet enable features.
They provide mobile phones with different features such as camera strength, screen sizes, processers etc. Become a number one in operational excellence Nokia have a great after sale service that creates maintain relationships such as warranties, feedback system about the products replacement and repair services.
Nokia objectives are reliable with the internal and external environment. It has explicit goals and time frames the Nokia employees can use to guide and evaluate their performance. The objectives are also bendable that they can be applied to a broadening product and service line. Nokia module is also built strongly, have strong resistible power.
As they are adapting to generation there smartphone uses windows software and some smartphone also have dual sim card which is very new for the market competing with other company. Nokia is very active in developing new product to match the competition on the market.
They have recently launched its new tablet called Nokia N1 on its website which uses android OS software.Internal And External Factors Affect Nokia. changing business world companies from of all sizes have to be aware of the different factors that might affect the way they are managed and ultimately operate.
There are two main areas where these factors can originate, internally and externally. This paper critically analyzes Nokia’s marketing environment particularly the macro and micro-environmental factors affecting its marketing operations as well as a SWOT analysis of the company.
Internal Factors Affecting Nokia. Factors Affecting Share Prices What are the major factors that affect share prices in the stock market? This is one of the most frequently asked questions by stock market participants.
There are varied internal and external factors affecting the price of a share. The troubles affecting Nokia arise from a radical transformation in its business environment.
A brief examination of the Political, Economic, Social/Cultural, Technological, Legal and Environmental, or PESTLE, conditions affecting Nokia can give us a glimpse of the company’s potential future.. Political Factors Affecting Nokia.
Running head: EXTERNAL AND INTERNAL ENVIRONEMNT External and Internal Environment Analysis Bharti Gupta University of Phoenix External and Internal Environment Analysis: Mayo Clinic The purpose of this paper is to analyze the External and Internal environmental factors of Mayo Clinic (MC).
The environmental factors affecting a business include factors that impact the business' productivity, operations, profits and overall success. Factors that make up the business environment for a specific company include economic, political, technological, and legal or regulatory factors.