Finland and Nokia: Creating the World's Best Economy

 Finland and Nokia: Creating the World’s Most Competitive Economy Dissertation

Internationalization drivers of Nokia

Below presented will be the main elements causing Nokia to internationalize after its very own market was saturated.

Push factors:

-A transmission level of 70% in the existing saturating market segments motivated Nokia to broaden business elsewhere. -The 1990 Crisis in Finland produced the real GROSS DOMESTIC PRODUCT and exports drop, unemployment rose. -Exports to previous crucial areas (Soviet Union) dissolved as a result of fall with the berlin wall structure, causing The german language reunification and independence of your lot of Soviet States. -Telecommunications and solutions act allowed competition to grow: Increase in competitive firms in the connection industry in Europe.

Take factors:

-Extensive cooperation and long-term commitments between produces and suppliers: networking risk control. -Increased outsourcing which lead to access to key methods. -Finnish government lacks control on competition movements.

Assisting factors:

-Becoming a member in the EEA removed many control and investment barriers to other Countries in europe. -High private and community R& G expenditures in Finland.

-Merging with Swedish firms improved focus in Finnish companies with global reach. -30% of investment capital in Finland was towards telecommunications industry -Finland has highly skilled IT professionals

-Finland 2001: decreasing growth prices, weak foreign trade markets, shortage skilled labour.

1 . Porter's diamond of Finland as well as its mobile phone sector for the last decade

Factor conditions

Finnish education is mainly depending on efficiency, top quality and internationalisation. They view it as a aspect of competitiveness of the region, therefore they want to raise the level of education. In graph 1 it shows that a lot of people who do a bachelors degree also did a master level. This was the case until 2005, then the quantity of learn students reduced and more people only would a bachelor study. The amount drastically dropped between the years 2007-2008, with 50. 1000 students. From then on the amount of people doing a masters degree include increased a bit. The way of teaching has changed a lot since the internationalisation, nowadays there is a higher concentrate on extra program activities after that before 2000. According to different research, the finish educational system provides outperformed all the other countries till 2006, there after there is no info given in the report.

Furthermore, the workers in Finland appear to have the same qualifications needed for their jobs, 19% were over-qualified and 22% under skilled (data from 2005). Another important thing in Finland are the zones of brilliance in research. Finland designed a six year program in 2k to promote exploration and teaching environments in order to do international exploration.

As can be viewed in chart 2, Finland has viewed an increase in GROSS DOMESTIC PRODUCT per household over the last 10 years. There was a dip coming from 2008 onwards due to the economic crisis but in 2011 it was almost additionally level as in 2008. This shows that the citizens provide an increasing amount of money to spend upon consumer merchandise. This will be good for corporations, as this shows that the marketplace is growing.

If we consider the real expansion rate (graph 3), we can see that this will not be stable during the last decade. However , it has remained positive for some years aside from 2008 and 2009, which is due to the monetary world crisis. When comparing investments in % (graph 4) together with the growth in GDP (graph 3), we see that the quantity of assets follows the fluctuations inside the growth in GDP, nevertheless has a lag of 2 years. The amount of investments has been the maximum in 2008, after that we come across a downwards sloping trend till 2011, where this increases once again.

Furthermore, we see that the volume of R& D bills by business enterprises has gone up till 2008, after that it features decreased. Furthermore, there is a constant trend of increasing R& G expenditures by the higher education sector and the public sector (See graph 5)....

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