Pest Nokia

The PESTEL analysis

Political factors: The Finnish policies have assist Nokia to advance its products and archive success. They are most important factors of Nokia. A company needs support from public sector in order to perform in international environment. Industrial policy and Science and technology policy comprise all those measures by which the public sector shapes the operating environment for business and thus fosters public welfare. Nokia is a international company which makes political environment vital for its operations, as different nations have respective government have different political platforms. Nokia has operations globally and must abide to ground rules and regulation in different markets of host countries around the world. Nokia surveys its scopes of limits in order to isolate prohibited actions, regulations and aid the government to withstand the international trade. Nokia's laws of copyright and abuse of phone usage keeps Nokia ahead, it limits any space of intrusion or misuse of their products.

Economic Factors: Economy in tells the production and consumption of goods and services. For Nokia the economic factor is important as it can control what the organization is to produce, how it should produce and the category of recipient who should use their end products. International trade is critical for Nokia. It is a global supplier of mobile phones and the nation's economic status is important to make future plans for company's personal and financial safety.

Social Factors: Social factors focuses on how Nokia blends with society. In order to have huge market share Nokia has to learn the conditions of the society and provide as per need. Nokia needs to know the culture, social class, lifestyle and demographic factors making the society of host country. Nokia operates in diverse culture and social class which makes it important for the company to adapt to any culture and support different aspects and lifestyle. Users are more aware...