Nokia Corporation Innovation and Efficiency in a High-Growth Global Firm

Nokia Corporation Innovation and Efficiency in a High-Growth Global Firm

2007 Nokia Corporation Innovation and Efficiency

In a High-Growth Global Firm

Introduction

In the past decade , a rapidly growing portion of worldwide economic activity has been taking place between people who live in different countries instead of those living in the same country . This growth in cross-b economic activities takes various forms all of which can be termed globalization (PREM , 2000

Globalization has caused multinational companies to play increasingly larger roles in modern lives . Today , people may well use the

same global brand for clothing , food , and vehicles as people from thousands of miles away in the US

Globalization strengthens the connection between societies from one region to another and reveals the need to work together for an improved standard of living and a better future for all . Because of globalization 's enormous potential to improve the quality of life for everyone , a close look at multinational companies is well warranted

Concerning the impact of globalization , this will discuss about human resource management practice at Nokia , a global brand . In particular , the discussion refers to two issues . First , the explanation regarding the role of people and organization effectiveness to help Nokia achieve market leadership . Second issue is about the explanation of Ollila 's actions and behaviors using transformational leadership and leading changes theories

People and Organization Effectiveness and Nokia Leadership

Experts in managerial sciences , however , stated that increasing quality does not always mean harder work , or even more time sacrificed to get the job done . By definition , the word effective refers to efforts of making the most of available resource . It indicates that working `smart is more often better than just working hard . It is the core purpose of economy itself , to find better methods of using limited resources to satisfy unlimited human needs and desires

What constitute an effective corporate is a challenging issue . Referring to the definition of effectiveness , the best company is the one able to take advantage of available resource to produce the most benefits Despite the importance of securing continuous resource flow to the company , the `trick ' is actually more on how we manage available resources to produce the best outcome . This means that today , managers are increasingly demanded to manage corporate resources more effectively . Research and discussion about management skills and efforts of enhancing them are abundant

Nevertheless , there are those resources that are highly valuable for firms , for instants , highly experienced managers , patents and new inventions in information technology . For these resources , firms are competing to increase their attractiveness and sensitivity , in to be the first to gain the competitive advantage

At Nokia , the resource management is excellent since the company originally born as the combination of wood-pulp mill , rubber-products producers , and cable works . The recent position as the leading telecommunication-equipment /network company shows that managements of Nokia Corporation has shown the capability to manage their resources and to reposition their company from leading non-telecommunication company into leading telecommunication company

However...