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Published on 1 December 2023
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Miao,X.;Wu,Y.;Yang,Z. (2023). From Rise to Fall: A Study of Nokia's Strategic Partnerships and Market Positioning. Advances in Economics, Management and Political Sciences,49,312-318.
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From Rise to Fall: A Study of Nokia's Strategic Partnerships and Market Positioning

Xinyi Miao 1, Yubin Wu *,2, Zhiqi Yang 3
  • 1 Shanghai Experimental Foreign Language School, Shanghai, 200093, China
  • 2 Department of International Economics and Trade, Jinan University, Guangzhou, GuangDong, 511443, China
  • 3 One Direction Academy, Toronto, Ontario, M3C 1V9, Canada

* Author to whom correspondence should be addressed.

https://doi.org/10.54254/2754-1169/49/20230535

Abstract

In this article, through the rise and fall of Nokia in the mobile phone industry, the strategies and decisions that companies need to pay attention to in different details are analyzed, covering the mid-to-late stage of the mobile phone industry, including major trends, major players and the overall operation of Nokia background. This case study discusses about Nokia's strategic partners, pointing out that Microsoft and Intel failed to cooperate and missed the best time to use Android system. Furthermore, it investigates Nokia's market positioning, initially as a reliable, innovative brand, but later proved that is ineffective in the face of changing consumer expectations and technology evolution. The final part of this article is some suggestions from this experience. Suggestions for Nokia's resurgence include streamlining product portfolio, revisiting market positioning, enhancing supply chain flexibility, optimizing cost structure, embracing technological advancements, and enhancing marketing and branding efforts. This comprehensive review provides valuable insights into the mobile phone industry and the strategic decisions influencing a company's trajectory.

Keywords

mobile phone industry, entrepreneur strategy, marketing, decision making

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Cite this article

Miao,X.;Wu,Y.;Yang,Z. (2023). From Rise to Fall: A Study of Nokia's Strategic Partnerships and Market Positioning. Advances in Economics, Management and Political Sciences,49,312-318.

Data availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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About volume

Volume title: Proceedings of the 2nd International Conference on Financial Technology and Business Analysis

Conference website: https://www.icftba.org/
ISBN:978-1-83558-145-2(Print) / 978-1-83558-146-9(Online)
Conference date: 8 November 2023
Editor:Javier Cifuentes-Faura
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.49
ISSN:2754-1169(Print) / 2754-1177(Online)

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