콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Industry and Technology IT

Print

Nokia: strategic transformation and growth

Related Document
Frame of Image blic Policy and Management, Korea Development Institute (KDI), December 11, 2000.
Nokia : Strategic Transformation and Growth
Nokia, the global mobile phone company based in Finland, has shown a remarkable growth performance in the last five years. In 1999, the company’s net sales rose to $20.4 billion and net profits reached $2.6 billion (See Exhibit 1). Nokia took the crown from Motorola in 1998 to become the world’s leading maker of mobile phones with 27% global market share (See Exhibit 2). Its stock price has also shown an impressive 2,300% growth since 1994, boosting its market capitalization to $242.2 billion (the second largest in Europe after Vodafone). Growth has come so fast that a third of Nokia’s 51,000 employees has been with the company for less than two years. Mr. Jorma Ollila, the Chairman and CEO of Nokia, while commenting on the success of Nokia said: “This is the third consecutive year in which we have exceeded our overall growth and profitability targets. In part, we can thank this success to our ability to have continued to develop our sound competitive position, comprehensive product portfolio, innovative solutions, appealing brand and efficient global operations.”
Company Background
Nokia was founded in 1865 as a paper manufacturing company in southern Finland. The company soon became successful and its paper products were exported to Russia, UK, France and China. In 1898, the Finnish Rubber Works was established close to Nokia and began manufacturing


Full Text
Title Nokia: strategic transformation and growth
Similar Titles
Material Type Reports
Author(English)

Lee, Seung-Joo; Raza, Hashim

Publisher

[Seoul]:KDI School

Date 2001
Pages 22
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < IT
Holding KDI School of Public Policy and Management