This document discusses Nokia's history and challenges in the mobile phone industry. It provides details on Nokia's founding in 1865, its entrance into the mobile phone business in 1981, and its partnership with Microsoft in 2011. However, Nokia struggled to keep up with the shift to smartphones, and lost market share to competitors like Apple and Samsung. The document suggests areas for Nokia to improve like price, R&D, and adapting to changing technology to regain success in the mobile phone market.
This document discusses Nokia's history and challenges in the mobile phone industry. It provides details on Nokia's founding in 1865, its entrance into the mobile phone business in 1981, and its partnership with Microsoft in 2011. However, Nokia struggled to keep up with the shift to smartphones, and lost market share to competitors like Apple and Samsung. The document suggests areas for Nokia to improve like price, R&D, and adapting to changing technology to regain success in the mobile phone market.
This document discusses Nokia's history and challenges in the mobile phone industry. It provides details on Nokia's founding in 1865, its entrance into the mobile phone business in 1981, and its partnership with Microsoft in 2011. However, Nokia struggled to keep up with the shift to smartphones, and lost market share to competitors like Apple and Samsung. The document suggests areas for Nokia to improve like price, R&D, and adapting to changing technology to regain success in the mobile phone market.
whom it may concern, the video doesn't target any brands or this is just for learning purpose and university Project Barnstormers
• Group Leader Aisar Kanwal
Writer Awais Riaz Time Keeper Mudassar Tahir Member Sajawal Ahmed Slogan of Company “Connecting people” History • Nokia was founded in 1865 as a single paper mill. It has found and nurtured • Accomplishment over the course of the years in a range of industrial sectors including cable, paper products, rubber boots, tires, televisions and mobile phones • This company was established by Finnish mining engineer Fredrik Idestam as a wood pulp mill next to the Tamer koski Rapids in the southwest of Finland. • In 1963, it began creating radio phones for the military and crisis administrations – Nokia's initially introduce broadcast communications. Entering in Mobile Industry
• In 1981 Nokia launch the Nordic Mobile Telephone
(NMT) service, the world’s first international cellular network and the first to allow international roaming • The Finnish enterprise Nokia was the world´s largest vendor of mobile phones from 1998 to 2012. Unfortunately, the market share of Nokia is declining notably as a result of the developing use of smart phones from competitors like Apple or Samsung running for example on iOS or Google´s Android operating system Partnership with Microsoft
• In February 2011, Stephen Elop and Microsoft's
CEO formed a business partnership. Nokia adopted windows phone as the operating system on its smartphones HMD global founded to create new generation of Nokia-branded mobile phones and tablets
• A new and exciting chapter in the story of Nokia branded phones
begins as HMD Global Oy – the new home of Nokia phones enters the market • HELSINKI, FINLAND – 18 May, 2016 – Nokia-branded mobile phones and tablets are set to return to the global consumer market, created by a new company, HMD global Oy (“HMD”). HMD has been founded to provide a focused, independent home for a full range of Nokia-branded mobile phones and tablets • HMD has conditionally agreed to acquire from Microsoft the rights to use the “Nokia” trademark on feature phones until 2024, and design rights relating to Microsoft’s Feature Phone Business. AREAS OF IMPROVEMENTS
• Technical Point of View
• Price Reduction • Availability and visibility • Research & Development • Sales & Marketing Why Nokia is Fail
• The traditional phones changed to smart phones, but
Nokia did not change accordingly • Nokia phones did not adapt to change • Nokia company could not manage with the pace of the changing technology • It kept on producing the old version of the phone • whereas the competitors started to pour in the highly advanced smart phones Suggestions
• Nokia should introduce new apps which are only
compatible for nokia • Nokia should add insurance price i.e. to provide free repairing services incase of damage • Nokia should introduce their own software just like iphone has iOS Nokia Come Back
• Nokia dominated the cell phone space. But in 2007
when the iPhone emerged out and marked the dawn of the smartphone age, not even Nokia realized the major shift that was about to happen. Floundering for years, Nokia sold off its phone division to Microsoftp in 2013. The terms of the deal meant Nokia couldn’t return to the phone business until the end of 2016. How Nokia Re-entering
• Nokia can start making or selling its own branded
phones, the Finnish company is not in a hurry to do so. In fact, it may be a long wait. • According to Nokia CEO Rajeev Suri, the company is "not in a hurry". It has been looking for suitable manufacturing while focusing on its design expertise and building its brand up again suggestion
• Nokia directly trying to make a place in
competition with Leading Brands its prices are comparatively high then other Chinese mobiles mobile brands. Nokia still have space in the market if they come with the low cost and better features to take place in the market again Price Price Comparison Market Share of mobile Industry Availability & visibility
• Nokia need to be make visibility of its phone in the
market and make chain of distributors and sellers in the market to assure its availability • Visibility brings transparency and builds trust. • When customer Research & Development
• Nokia, once the world’s largest vendor of mobile phones, is a
popular Finnish information technology and communications multinational corporation which provides telecommunication equipment and services. The mobile phone brand, famous for the reliability and durability its phones provide, has ruled the mobile market for many years with its motto ‘connecting people’. • Recently, the handset division and services of the brand were acquired by software giant Microsoft and since then Nokia has released a number of phones under the Windows umbrella. Without Research and Development. Lack of Research
• Nokia's biggest problem is not Android and iPhone
but their ability to communicate with the outside world. • Another biggest problem of Nokia was to make right decisions at right time in which they fail and face a disastrous fall. Nokia Biggest Mistake
• In the mobile industry, a 14-year lead is
undoubtedly impressive. But Nokia's lead has gradually declined in the past few years for many specific reasons. Here's what Nokia did wrong. • Poor decision making • Poor models • Complex software Competitors
• Nokia’s biggest threats were Samsung (android)
and iPhone Both of them had wiped out Nokia in 2014 on the other hand China has made exact copy of several Nokia phones and literally pushing the phone out of market and cheap and wide range models from various Smartphone manufacturers also effect the Nokia’s sale into market. Competitors of Nokia Suggestions
• The Nokia target market segment consists of specific
group of customers like various age groups of people who focuses its marketing efforts. The Nokia target is likely to have two main reasons; the first is to gain profit and to make them stable in market and second is to aim at consumers that need form of communication. For example, it is targeted mostly at consumers with the age of 19-39 years old looking for entertainment. It is to attract them to use this specific brand and to promote itself in the market.