Many organizations have unique and rich histories, including Post University! Yo
ID: 348733 • Letter: M
Question
Many organizations have unique and rich histories, including Post University! Your goal is to research the story of any company that has been in business for at least 10 years and prepare a presentation on its history. In addition to developing strong slides, use the notes feature in PowerPoint to incorporate additional information to expand on your “talking points.”
Develop an introduction with hook, relevant content, and a conclusion. Cite your sources and provide APA references on the last slide.
Please I just need the information. I will do the powerpoint
Explanation / Answer
HISTORY OF NOKIA COMPANY
Introduction
From a Pulp Mill to a Paper Industry
“Nokia-Connecting People”: this slogan is known all over the world. Nokia employs 50, 000 people in 120 countries. Currently every third mobile phone sold in the world is a Nokia.
The Nokia Company is today one of the world’s leading high tech companies. Its rapidly growth in the 1990s coincided with a basal structural change of the Finnish economy and industry. In this restructuring process Nokia played an important role. Despite the fact that Nokia is a leading multinational company, a major part of its business is located in Finland. Nokia plays a significantly role in the economic growth of Finland, which has been one of the fastest in whole Europe.
Fredrik Idestam built a paper manufacturing mill in Southern Finland and followed it up by launching a second mill in the nearby town of Nokia in 1868. Three years later Idestam transformed his company to a share company and the Nokia company was formed.
In 1880 the first papermaking machine was acquired for the pulp . But the years of the First World War closed the foreign markets. The procurement of paper machinery and raw materials became difficult (the same situation in the Second World War). The close of the Russian market was tragically, because Finland had a very intensive trade relation with Russia, one reason was the status of the Grand Duchy.
After the war Nokia could expand its international business again. The main export markets were England, France, the USA, Germany and the Soviet Union.
Nokia kept growing through the 19th century and in the 1960s the company branched out into electronics. In the next two years it developed a host of electronic devices including radio telephones for the army. In 1979 Nokia took its first steps into telephony by creating Mobira Oy in a JV with Finnish TV maker Salora, and they created the Nordic Mobile Telephone (NMT) service. This was the world’s first international cellular network and in the 80s, Nokia launched its first car phone called the Mobira Senator.
Five years later Nokia launched the Mobira Cityman, the first mobile phone that would run on the company’s NMT network. At 800 grams and priced at $6,308, it may be heavy and pricey by today’s standards, but the device soon hit cult status when Mikhail Gorbachev was photographed using the device.
After the merger in 1966 the new Nokia group under its President Björn Westerlund focused especially on energy politics and the cable business. The management was not interested in developing the forestry industry.
In 1970, the production was expanded to include the production of crepe paper in order to keep up with Serlachius, the main competitor. Kari Kairamo who became the in 1972 the head of Nokia’s forest industry (later in 1977 the head of the whole Nokia Group) increased the investments and implemented certain business acquisitions.[3]
Nokia and Serlachius became 100% owners of British Tissues Ltd in 1977; two years later, Nokia bought Serlachius out. Despite these successes Nokia's management continued to disagree about the forestry business: on the one hand, the company wanted to sell it off, on the other, it was the target of large investments. Because of this fact the forestry industry started to look forward for growth opportunities as well as new acquisitions.
The economic recession in 1975-76, which was the result of the oil crisis, had an impact on the wood processing, especially on the cellulose and paper industry.
Kairamo presented in 1982 a business strategy for the paper industry. He preferred to raise the investments and to build up a second cellulose factory. But managing director Simo Vuorilehto favoured discontinuing it. This resulted in serious disagreements within the management. In the spring of 1989, Nokia sold off half of its paper industries. Nokia's tissue paper business was merged with the American James River and the Italian Ferruzzi to become the largest tissue paper company in Europe.
In 1990-1991, Nokia sold off the rest of its paper industry holdings, thus ending its involvement in the forestry industry. The main reason for the sold out was the fact that the Nokia Company wanted to focus on consumer electronics.
The 90s were the glory years for the Finnish company. In 1994, Nokia launched the 2100 with the now iconic Nokia ringtone. Three years later it launched Snake, one of the most widely recognized mobile games of all time. The Nokia 2100 was such a big hit that it went on to sell more than 20 million handsets worldwide, much higher than what the company had predicted.
In 1997, Nokia also launched the Communicator, which 11 years before the first iPhone was considered to be much ahead of its time. The device not only looked cool, but also offered features like email, fax, calendar and a massive display.
The same year, Nokia also launched the 6110 and the 5110 two more devices, which were way ahead of their time and competition. These devices offered a much sleeker way of text messaging, a beautiful menu system customization options like multiple color snap-on covers. These devices were followed by the 7110, which offered basic web functions, the 7650, with a built-in camera and the 6650, the company’s first 3G enabled smartphone.
By 1998, Nokia had firmly established itself as the global leader. Where its rivals like Apple, Sony and Siemens had failed to predict the global demand, Nokia sailed through these years with a turnover that increased 500 percent from $ 8.9 billion to $42.8 billion.
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