Nokia Information Essay Example | Topics and Well Written Essays - 1000 words

Nokia Information - Essay Example Key Points & Key Information The vision of the company is to ‘connect the people’ i.e. connecting ‘we’ and not merely individuals. The company aims to become the leader in mobile solutions. The strategy of the company is to â€Å"create irresistible solutions† through the use of vibrant ecosystems in alliance with the partners (Nokia-f, 2009). Presently Nokia is the top mobile devices manufacturer in the world. In 2009 the volume of mobile devices of the company was 432 million units. In this year the net sales and operating profit of the company was reported at EUR 41 billion and EUR 1.2 billion respectively. Nokia has a strong R&D unit in nearly 16 countries. Its R&D investment amounted to EUR 5.9 billion and employs 37020 people for its research oriented work (Nokia-a, 2010). Management approach, the company, its people The success of the company is based on the commitment and talent of its employees. Nokia works continually towards creating a work place that gives opportunity to the men and women of different ethnic or cultural backgrounds. The company is known for providing excellent career development opportunities and is strongly committed towards high ethical standards towards its employees. By the close of 2009 the company had 55000 employees of 115 different nationalities. In the company’s workplace the women account for 41 percent of the employees. At least half of the company’s senior managers are non-Finnish. The company’s operations are spread across a number of markets. This has also had an impact on the ways of working and cultural fabric of its employees. The management of the company views cultural diversity to bring in a sense of competitive advantage. It is of the view that team diversity leads to better... As the essay stresses the vision of the company is to ‘connect the people’ i.e. connecting ‘we’ and not merely individuals. The company aims to become the leader in mobile solutions. The strategy of the company is to â€Å"create irresistible solutions† through the use of vibrant ecosystems in alliance with the partners. From the paper it is clear that the success of the company is based on the commitment and talent of its employees. Nokia works continually towards creating a workplace that gives opportunity to the men and women of different ethnic or cultural backgrounds. The company is known for providing excellent career development opportunities and is strongly committed towards high ethical standards towards its employees. The company has a reward program in place that gives recognition on the basis of performance of team and individuals. The Investing in People (IIP) policy of Nokia enables it to match the employees’ aspirations with the company needs. The company holds Structured IIP discussion every year where the objectives for a period are framed. The management and control of Nokia is shared among the company’s shareholders, Board of Directors, Executive Board and President. The Board members are accountable to the company shareholders. It responsibilities are more active in nature. These include managing the composition and structure of its top management, monitoring of legal matters and risk management of operations. The duties of the Board include appointment and discharge of CEO, CFO and other members of the company’s Group Executive Board.