Nokia

The History of Nokia:-

The history of Nokia is one of the most impressive from all the histories of all world corporations. It was started in 1865 and managed to live through two wars, depressions and many economic issues. Eventually it rose to success in short 6 years during the 90th.

The history of Nokia is one of the most impressive from all the histories of all world corporations. It was started in 1865 and managed to live through two wars, depressions and many economic issues. Eventually it rose to success in short 6 years during the 90th.

First it was a paper company started by Fredrik Idestam, which began quickly rising to success due to its great quality. After a while it exported paper even to China (the country where paper was invented). When WWI was over the company merged with two neighboring companies that produced tires and cables. They kept the name Nokia but began developing and selling various products in various spheres of the market. By the middle of the XX century Nokia was producing all kinds of paper including toilet paper, tires, electric equipment for power plants and consumer electronics. This allowed them to go through the unstable XX century, as soon as one of the fields experienced a drop of profit, Nokia covered it from other fields and saved the whole company from bankruptcy.

Finally in the 80th Nokia made a risky turn and started developing mobile phones. Eventually they started releasing car phones and first mobile phones. In time they saw that the market needs smaller mobile phones and started developing smaller versions of their phones. They also contributed to the development and globalization of the GSM standard and made their phones suitable for both GSM and Asian standards. This allowed Nokia to start dominating the European market and also expand to Asian markets. A serious push for this change by the way was the end of USSR, which was the largest paper client of Nokia. New markets were not ready and instead of...