The Nokia Corporation: History, Leadership, Governance

The Nokia Corporation is currently one of the leaders in the technological industry that offers both
network and electronic device distribution services. Established in 1865, Nokia has undergone
numerous changes throughout the years, evolving into a multinational company that manufactures
various electronic and technological devices (Our History, n.d.). The firm’s mission is to create
technology that helps the world act together while following the four strategic values (Nokia’s
Strategy 2021, n.d.).
These values are grounded in Nokia’s commitment to be a trusted partner in network
communication, focus on establishing technology leadership in business, utilizing cloud and other
novel business models, and engaging in long-term research (Nokia’s Strategy 2021, n.d.). Finally,
the purpose of the corporation is to deliver critical networks through technology leadership and
trusted partnerships (Nokia’s Strategy 2021, n.d.). These statements clarify the enterprise’s
intention to become a leader in the technological industry, offering advanced and high-quality
technologic devices to customers.
Currently, Nokia’s operations are managed by the Board of Directors, which is focused on
determining the most beneficial development pathways. However, the Board is also influenced by
the President and CEO Pekka Lundmark, external and external audits, and the general meeting of
shareholders (Leadership and Governance, n.d.). In its corporate governance structure, Nokia
divides the responsibilities for the organizational and operative activities between the Board of
Directors and Group Leadership team, respectively.