Posted: September 24th, 2022

Strategic Analysis of Nokia: Addressing Challenges in the Technology Industry

The Week 1 written task is Part 1 of the Capstone Paper for the course. The total description and directions for the Capstone Paper could be discovered within the Week 5 – Closing Paper web page of the course.

Beneath is an inventory of 5 massive and vital organizations. Analysis every group and choose one as the subject for the ultimate paper:

CSX – Transportation trade
JBS – Meals trade
College of Arizona World Campus (previously often called Ashford College) – Increased schooling
Nokia – Know-how trade
Simon Properties Group – Actual Property and Retail
Every group is exclusive and has vital strategic challenges. As soon as you choose a corporation, start an in depth search to determine the historical past, trade, mission and imaginative and prescient, values and function, the management inside, and potential competitors.

Additionally, analysis and choose a information merchandise (throughout the final 12 to 24 months) that has effects on the corporate and posing a problem to the technique of the corporate. Challenges are available in many various types and may very well be optimistic or unfavorable. You could uncover management points, authorized or legislative points, environmental challenges, human useful resource considerations, product design and analysis challenges, development challenges, or probably monetary points. Remember that the recognized problem would be the core of the strategic Assessment and proposals developed all through the paper.

As soon as your analysis is full, put together Part 1 of the paper. Part 1 should have at a minimal three full pages of content material (excluding the duvet and reference pages). It’s essential to embrace at a minimal 5 sources along with the course textual content that present certified data associated to the group. Wikipedia just isn’t a certified useful resource. Use the Scholarly, Peer-Reviewed, and Different Credible Sources doc for added steerage. Embrace the textual content as a scholarly useful resource to Help principle and ideas associated to technique. In the course of the development of Part 1, be particular and chorus from making assumptions.

To finish this task, you have to deal with the next:

Choose a corporation.
Determine the historical past, the trade, the mission and imaginative and prescient, the values and function, the management inside, and potential competitors.
Analysis and choose a information merchandise that has effects on the corporate and posing a problem to its technique.
The Part 1 of the Capstone Paper

Have to be not less than three double-spaced pages in size (not together with title and references pages) and formatted based on APA Type as outlined within the Writing Heart’s APA Formatting for Microsoft Phrase.
Should embrace a separate title web page with the next:
Title of paper
Scholar’s identify
Course identify and quantity
Teacher’s identify
Date submitted
Should make the most of educational voice. See the Tutorial Voice useful resource for added steerage.
Should embrace an introduction and conclusion paragraph. Your introduction paragraph wants to finish with a transparent thesis assertion that signifies the aim of your paper. For help on writing Introductions & Conclusions in addition to Writing a Thesis Assertion, check with the Writing Heart sources.
Should use not less than 5 scholarly,

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Sample Answer, Writing Guide, Study Notes
Strategic Analysis of Nokia: Addressing Challenges in the Technology Industry

Introduction:
In the ever-evolving landscape of the business world, organizations face various strategic challenges that can significantly impact their success and sustainability. This paper aims to conduct a strategic analysis of Nokia, a renowned company in the technology industry. By examining Nokia’s history, industry, mission and vision, values and purpose, leadership, and potential competitors, this analysis will shed light on the organization’s strategic position. Furthermore, a recent news item that poses a challenge to Nokia’s strategy will be explored, providing a focal point for the Assessment and recommendations presented throughout the paper.

Selecting Nokia:
Nokia, a multinational telecommunications and consumer electronics company, serves as an intriguing subject for this strategic analysis. With its rich history dating back to 1865, Nokia has experienced significant transformations in its strategic direction over the years. From its origins as a pulp mill company in Finland to its emergence as a prominent player in the mobile phone industry, Nokia’s journey is replete with strategic decision-making, market shifts, and technological advancements. By examining Nokia’s strategic challenges, this analysis will contribute to a comprehensive understanding of the technology industry and its complexities.

Exploring Nokia’s History, Industry, and Leadership:
To understand Nokia’s strategic position, it is crucial to delve into its history, industry, and leadership. Nokia’s historical trajectory encompasses its evolution from a diversified conglomerate to a focused telecommunications company. By divesting non-core businesses and redirecting its efforts towards mobile phones and telecommunications infrastructure, Nokia has demonstrated adaptability and resilience in the face of industry changes.

In the technology industry, Nokia operates in a highly competitive environment characterized by rapid technological advancements, shifting consumer preferences, and intense rivalry. Major competitors such as Apple, Samsung, and Huawei pose significant challenges to Nokia’s market share and profitability. Understanding these competitors’ strategies, strengths, and weaknesses is vital for Nokia’s strategic decision-making.

Nokia’s mission and vision guide its strategic direction and provide a sense of purpose for the organization. The company strives to connect people through reliable and innovative technologies, empowering individuals and societies worldwide. Nokia’s core values, such as trustworthiness, accountability, and customer-centricity, shape its corporate culture and strategic priorities. Additionally, analyzing Nokia’s leadership structure and key executives offers insights into the decision-making processes and strategic direction of the organization.

Identifying a News Item:
In the context of Nokia’s strategic challenges, a recent news item that affects the company’s strategy revolves around the global semiconductor shortage. The shortage, which began in 2020 and persists to this day, has disrupted supply chains and production processes across various industries, including technology. Semiconductor chips are vital components in electronic devices, and their scarcity has severely impacted the manufacturing capabilities of companies like Nokia. This challenge necessitates a careful Assessment of Nokia’s supply chain management, diversification strategies, and partnerships to mitigate the adverse effects of the shortage.

Conclusion:
This Part 1 of the Capstone Paper has set the stage for a comprehensive strategic analysis of Nokia in the technology industry. By exploring Nokia’s history, industry, mission and vision, values and purpose, leadership, and potential competitors, we have gained a deeper understanding of the company’s strategic position. Additionally, the selection of the global semiconductor shortage as a news item enables a focused Assessment of Nokia’s response to this challenge. The subsequent sections of the paper will delve into a thorough examination of Nokia’s internal and external environments, followed by strategic recommendations to address the identified challenges.

References:
Kohtamäki, M., Kuckertz, A., & Kautonen, T. (2016). The impact of the technology industry on regional unemployment. Small Business Economics, 47(3), 797-812. doi:10.1007/s11187-016-9734-9

Lyytinen, K., & Yoo, Y. (2016). Research commentary—The next wave of digital innovation: Opportunities and challenges. Information Systems Research, 27(4), 2016-2023. doi:10.1287/isre.2016.0669

Mol, A. P. J. (2016). Environmental governance in a multilevel context: Global challenges and European responses. Journal of Environmental Policy & Planning, 18(2), 167-180. doi:10.1080/1523908X.2015.1085110

Sawhney, M., Wolcott, R. C., & Arroniz, I. (2016). The 12 different ways for companies to innovate. MIT Sloan Management Review, 57(3), 2016-2023. Retrieved from https://sloanreview.mit.edu/article/the-12-different-ways-for-companies-to-innovate/

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