Nokia

Some companies grow till some certain moment and then they are acquired by stronger competitors and other companies overcome all the troubles in spite of everything. Nokia is one of these companies. The company has been managed by smart talented people. When some problem comes around, they never leave it unnoticed, they solve it right away. When the company was gaining popularity in the middle of 90s and there was a logistic crisis, the management of the company made an unusual decision: they launched their own logistics operation. That is why this company is a leader now.

Company profile. Nokia is a Finnish telecommunications corporation. The company was founded by Fredrik Idestam in 1865. The company specializes in wireless and wired telecommunications. Nokia is recognized as the largest manufacturer of mobile phones in the world. The company is a multinational conglomerate. It operates research and development centers all over the world. There are more then thirty per cent of all Nokia's employees that work in research and development. The company operates its production facilities in Finland, Brazil, China, England, Germany, Hungary, India, Mexico, Romania, and South Korea.

Outline of Nokia's history. The company was founded in 1865 as a wood pulp mill in the south of Finland. Later on it was relocated to Nokia, a town by the Nokianvirta river. That is where the name of the company comes from. It has first appeared in the nineteenth century and is used at the present time. The company was acquired by Finnish Rubber Works and started producing of telephone and telephone cable in 1967. The company first specialized in commercial and military mobile radio communications technology and then began developing of mobile phones. The very first Nokia mobile phone was the Mobira Cityman 200 Nokia's NMT-900 introduced in the beginning of 90s.

Nokia's importance in Finland. First of all, the company is headquartered in Finland, in Keilaniemi, Espoo. The company has a research and development site and three production facilities in the country: in Espoo, Ouly and Salo. There is also a design department that is located in Finland. Thus, the company is a very important employer. Besides, the company accounts more than one third of the market capitalization of the Helsinki Stock Exchange. Nokia produced almost a quarter of the export of the company and is constantly increasing GDP of the country. Besides, Nokia is on the list of the Fortune's World's Most Admired Companies to work for.