nokia contents
TRANSCRIPT
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Contents
1. Preface
2. Introduction to Organization
3. Mission statement
4. Marketing Objectiv es
5. Target Market
6. Portfolio A naly sis
7. Micro & Macro Environment
8. Competitiv e A naly sis
9. Marketing strategy
10. Suggestions
11. References
Preface
In this era, w here the technology is grow ing in a v ery faster speed and e v ery positiv e change is
bringing new and enhanced features w ith them, the cellular phones are at the v ery hot issue in this
grow ing technology.
The technologies in these cellular/mobile phones are enhancing and de v eloping day by day, including
new features of entertainment, and multiple options like imaging facilities, mo vie/animation features,
sound technologies etc.
W h
en
th
etec
hnology
is th
e matt
er, e v
ery cons
umer/user prefer
s th
e latest
, best
an
dint
eractin
gfeatured technologies and also prefers these facilities in less cost. So, in this view, there is a v ery big
and fast competition bet ween man y companies/manufacturers of cellular phones at the world le v el.
Introduction to the Organization
Company Information:
NOK IA is the world leader in mobile communications backed by its experience, inno v ation, user-
friendliness and secure solutions.
It is a v ery well k now ned compan y ha ving its v ast off ices world w ide. Their specialized product is
cellular phones. They ha v e man y house hold items as well.
Board of Directors:-
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The current members of Nok ia's Board of Directors were elected at the A nnual General Meeting on
March 27, 2003. Click here for a short résumé and information on the members' shareholdings.
Corporate R esponsibility:-
Being a good corporate citizen means meeting responsi bilities towards individuals, the environment,
and societ y in general. We are mak ing corporate responsi bilit y an integral part of decision-mak ing in
all parts of our business.
Financial Factor:-
Nok ia achie v es excellent prof itabilit y in the f irst quarter 2003 and mobile phone v olumes grow faster
than market.
Mission Statement:-
Man y organizations de v elop formal mission statements that ans wer these questions. A mission
statement is a statement of the organization¶s urpose²w hat it wants to accomplish in the larger
environment. A clear mission statement acts as an invisi ble hand that guides people in the
organization.
The mission statement of NOK IA is«
³ CONNECTING PEOPLE ´
Goals:-
The goal of NOK IA is ³to be a good corporate citizen w here v er we operate, as a responsi ble and
contri buting member of societ y. We take part in long-term projects aimed at helping young people
create their own place in the world, for example through our global youth programs. ́
Digital Bridging:-
Digital Bridging is an integral part of e v eryday business. It is also an important part of the compan y's
Corporate Communit y Inv ol v ement activities that focus on youth and education.
Mark eting O bjectives:-
Marketing objectiv es presents a brief summary of the main goals and the recommendations of the
plan for management re view, helping top management to f ind the plan¶s major points quickly.
In marketing objectiv es, follow ing areas are included«
y Current marketing situation
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y Threats and opportunit y analy sis
y Objectiv es and issues
y Marketing strategy
y Action programs
y Budgets
y co
ntrol
Organization¶sNetwork :
Nok ia is manufacturing its products world wide in followingcountries«
· Austria
· Bahrain
· Belgium
· Bosnia-Herzegovina
· Croatia
· Cyprus
· Czech Republic
· Denmark
· Finland
· France
· Germany
· Greece
· Gulf countries
· Hungary
· Israel
· Italy
· Kuwait
· Lebanon
· Luxembourg
· Malta
· Monaco
· Netherlands
· Norway
· Oman
· Poland
· Portugal
· Qatar
· Saudi Arabia
· Serbia and Montenegro
· Slovakia
· Slovenia
· Spain
· Switzerland
· Tunisia
· Turkey
· UAE
· Yemen
Target Mark et:-
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The target market of NOK IA is v ery w ide. Its products are demanded world w ide and are giv en
preference at an y other cellular compan y in the world. They ha v e comparativ ely low rates than the
other companies and ha v e a v ery good and interactiv e performance and interesting features, so
because of these features, people prefer NOK IA than the other companies.
Specially
inA si
a, Europe, America a
ndth
e Middle Ea
st, NOK
IA
h
as
a v
ery big marke
t.It
is
manufacturing GSM and AMPS technologies cellular sets w hich are meeting e v ery k ind of consumer¶s
requirements.
In 2002, Nok ia's largest markets were US, UK, China, German y, Italy, France, UAE, Thailand, Brazil
and Poland.
Portfolio A nalysis:-
The major activit y in srategic management is business portfolio analy sis w hereby management
e v aluates the business mak ing up the compan y. The compan y w ill want to put strong resources into its
most
prof it
able busin
ess
an
d ph
ase dow
nor drop
itsweaker o
nes.
So w hile analy zing the portfolio of NOK IA , it was found that its product of cellular phones, especially
its GSM sets were mak ing more prof it to the compan y as compare to its other products. So the
compan y inv ested more budget in this area and started de v elopment on this area to earn the
maximum prof it. But in the mean w hile, the compan y didn¶t neglected their other products and
inv ested more money on the de v elopment of those products.
Micro and Macro Environmental Factors Effecting Business
The actions and forces outside marketing that affect marketing management¶s abilit y to de v elop and
maintain successful transactions w ithin target customers, is called the marketing environment .
Environmental considerations are integrated into e v ery area of compan y life and at e v ery phase of our
products' life cycle. We belie v e in eco-eff iciency and sustainabilit y - to respect nature and the needs of
future generations. Nok ia's new Environmental Report 2002 states the compan y's understanding of
the environmental aspects and impacts of its activities.
There are t wo categories of marketing environment:
1. Microenvironment
2. Microenvironment
1- Micro Environment:-
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Follow ing are the microenvironmental factors w hich affects the compan y :
y The compan y
y Suppliers
y Marketing intermediaries
y Customers
y Competitors
y Publics
2- Microenvironment:-
Follow ing are the macroenvironmental factors w hich affects the compan y :
y Demographic environment
y Economic environment
y Natural environment
y Technological environment
y Political environment
y Cultural environment
Competitive A nalysis:-
V isually, there is no an y key competitor to NOK IA as comparing its v ast market and demand, but
still, we can consider the follow ing companies as its competitors:-
y Ericson
y Motorola
y Sam
sun
gy Siemens
y Son y
These competitors of NOK IA has also a big market, but as compared to NOK IA , we cannot say that
they can compete this organization at the same le v el of competition.
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Social Factors:-
E v ery Nok ia employee has influence o v er Nok ia's performance and reputation in issues of health,
safet y, securit y, employee relations, corporate citizenship and human rights.
Mark eting Strateg y
A s we mo v e into the Mobile World, we remain committed to strong grow th, prof itabilit y and
responsi ble market leadership.
Strategic Direction:-
The mobile phone is fast becoming the centerpiece of personal communication, allow ing us access to
an e v er-w idening range of ser vices. Today, we are mo ving from v oice ser vices to ser vices driv en by
data and multimedia.
Business Environment:-
Nok ia competes in the global telecommunications industry in general and in the mobile industry in
particular, each of w hich has exhi bited rapid grow th, change and conv ergence in recent years.
Suggestions
Though the NOK IA is the world¶s largest cellular phone compan y and has the v ery eff icient features
and facilities but there are some suggestions by me af ter analy zing and researching about this
compan y.
· It should decrease its prices of the sets so that the sets may become in reach of e v ery user and the
market may increase and become the cause of increasing prof it rate.
· Its spare parts should be a v ailable in its e v ery market.
· There should be replace warrent y in case of defection.
· Memory capacit y should be increased to sa v e the different entertaining materials in the sets.
R eferences
· Nok ia sales point, Chandni chowk, Murree Road, Rawalpindi.
· www.nok ia.com
· www.nok iausa.com
· www.yahoo.com
· www.google.com