International Management Assignment Example | Topics and Well Written Essays - 2000 words

world(prenominal) Management - Assignment ExampleThe market was one of rising costs, reduced prices, high competition, and busted-cost models. The add up selling prices were down by a whopping 35% and there was a clamor for cheaper models in emerging economies and developing markets. The basic phones were available for $ 50, with low end models being available for as low as $ 25 and even $ 10. Multinational set up operations and set new standards for wages, fostering and technology transfer. An environment of meritocracy was being created and which hard work, ethical behavior and a desire to learn were the watchwords. The drib of the iron curtain in Europe and the transition of State Societies, opened up new markets for westbound Europe. Eastern Europe was expected to move towards 100% penetration levels in 2011, from the current 85%. The manufacturing demonstrate was being off shored to low cost countries, lately Eastern Europe. Labor costs much get off in Central European C ountries than in other Western European Nations. Additionally, they also offered huge advantages in terms of high productivity and simple taxes. However, of late, wage costs were on the rise and labor campaign was beginning to shrink with people migrating to richer European nations like Britain and Germany. There are three levels of strategy incorporated Strategy, Business Strategy and Functional Strategy. The corporate strategy superintends with the vision and mission of an organization. The Mission of Nokia is Connecting people. Its strategical intention is to Build great mobile products. The word Nokia is named after the Nokia river in Southern Finland. Beginning as early as in 1865 and with a rich history of a century and half of innovation, Nokia change itself from a riverside paper mill in Southern Finland to a global telecommunications leader. A gather of paper, rubber, cable and electrical companies, it was only in 1996 that Nokia turned its focus on the telecommunica tions business. This was an important strategic breakout and by 1998, Nokia was the world leader in mobile industry. Its new strategy drive includes changes in lead and manufacturing specialize products. Its recent strategic direction has taken multi-faceted dimensions Broad strategic partnership with Microsoft Renew throng to capture volumes and cling to growth Forward investments in next generation technologies Focus on specialized products. The business strategy talks about the strategies related to a specific business of an organization. More specifically, they deal with its products, markets and competitive advantages. Nokia had always prided itself on innovation, differentiation and in building great products through continuous investments in research and development. It does not shy away from investments as well as divestments and focuses on shareholder value by concentrating on core competencies. It always had the larger picture in mind and its decisions were based on global operations and international strategy and not country-focused. Adapting itself beautifully to global trends, Nokia increased its market aim in China, India, Germany, Indonesia and Russia. It slowly extricated itself form markets like Brazil, Spain and Italy. In 2008, Nokia was the