Pest analysis for nokia essay
This, in turn, would affect the delivery dates of the final product in the case of, say, an unexpected monsoon. The clients can also do online shopping, manage computer aided designs and bar coding, which are big technology advancements in the business to yield better result with the use of latest technology Ukessays, The company should take proper care at the time of disposing of its old handsets or the used products so that they can ensure safety and protection of the atmosphere.
Nokia pestle analysis 2017
There is possible threat of recession on the economy of the western countries and this bad economic situation affected the interest rates. It has developed itself considerably from being manufacturer of big and bulky phones to producing mobiles with very tiny and stylish outlook and specialities like text messaging, games like snake, one of the most famous games that it represented, etc. Nokia also sells its product in cheap on contract basis for example in Europe if we compare Nokia with other big brands such as Samsung or apple Nokia is selling its product in cheapest price per month two year plan. A high level of taxation would demotivate companies like Nokia Corporation from maximizing their profits. In some parts of the company, the educated work force is necessary for better working and they can take care of the infrastructure of the economy Ukessays, Implementing the proper regulations may be expensive, but Nokia Corporation has to engage in it, not only due to the law but also out of Nokia Corporation's personal feeling of ethical and social responsibility to other human beings. For the present time UK interest rate is stagnates at a relatively low level of 0. Education level in the economy Labor costs and productivity in the economy Business cycle stage e. Legal Factors Mobile phone manufacturing companies have great competition in the preparation of the smart phones so they have to make them innovative for their clients. The risk of military invasion by hostile countries may cause divestment from ventures. The exchange rate of the country Nokia Corporation operates in would impact the profitability of Nokia Corporation, particularly if Nokia Corporation engages in international trade. In addition, the author evaluates the market mix of Nokia. If there is a likelihood that the data is stolen, then Nokia Corporation will lose its competitive edge and have a high chance of failure.
It has developed itself considerably from being manufacturer of big and bulky phones to producing mobiles with very tiny and stylish outlook and specialities like text messaging, games like snake, one of the most famous games that it represented, etc.
A high level of taxation would demotivate companies like Nokia Corporation from maximizing their profits. This could greatly reduce its competitive edge in the future.
The companies do not have any option to follow the rules and regulation, which are imposed on the business and trade activities. For example, a country that has no policies for IP protection would mean that entrepreneurs may find it too risky to invest in Nokia Corporation The trade barriers that the host country has would protect Nokia Corporation; however, trade barriers that countries with potential trade partners would harm companies by preventing potential exports.
Pestle analysis of nokia
Five Forces: Nokia is one of the companies that take the Porter 5 forces into consideration in term of its suppliers, competitors, costumers and new entrants. For example an Industry may be highly profitable with a strong growth trajectory but it won't be any good for Nokia Corporation if it is situated in unstable political environment. This company has introduced such products, which were able to high speed internet and they provide online gaming and multimedia functions. Education level in the economy Labor costs and productivity in the economy Business cycle stage e. It had all the attention, for a specific period of time, in …show more content… Among these, the way Motorola chose is the quality influence on customers. After that, this paper explained the changes of market environment in last decade with competitor analyses. While relying, in any percentage, on renewable energy may be expensive, it often receives support not only from the government but also from its customer base, who may be willing to pay a premium price for the products that Nokia Corporation may produce. 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.
Top Quality Work Political Factors that Impact Nokia Corporation The political factors that may impact the profitability or chances of survival of the company are quite diverse. Motorola stresses that ' Quality has to do something for the customer The activity of studying the implications of theses transformations and adjusting the way that organizations reply to them is known as business strategy.
The stability of the currency is also important- an unstable currency discourages international investors.
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