Addressing Nokia Management Issues Through Strategic Planning

Addressing Nokia Management Issues Through Strategic Planning

Management Issues in Nokia (4)

Management Issues in Nokia

Name

Institution

Management Issues in Nokia

IntroductionNokia is a multinational electronics company that was once leading globally in the manufacture and sale of mobile devices. The firm which had its headquarters in Espoo, Finland, was enjoying a large market share of over 40 percent of the global market (Peltonen, 2019). However, the company’s market share drastically declined forcing its owners to sell it off to Microsoft in 2013. Poor organizational culture was the main cause of the downfall of Nokia. Specifically, the prevalent culture in the company was reliance on a traditional method of management that was strictly dictatorial and…