Business Environment and Strategic Management Assignment - 1

Business Environment and Strategic Management - Assignment ExampleThis essay stresses that Nokia could map an alternative strategy for developing its activities. Instead of being relied on the financial support of Elop, the substantial should leaven to update its strategies a restructuring of the loadeds units could help to the limitation of the firms costs, in the setting described above, and the stabilization of the firms performance. Moreover, following this practice, the firm could manage to develop its performance, even in the long term. In any case, as proved through the figures presented above and through the relevant graphs the fuss of the firm is non its sales save its profits in other words, there is no read for increasing sales even if such perspective would be positive for the growth of the firm but to increase the profits in this context, there is an issue of update of the firms management strategies and not of improving the firms brand name or achieve other benefits that refer to the firms image in its market. This paper makes a conclusion that investing in Nokia would be strongly suggested. The firm is in a period of restructuring. For a while, its performance may be under impel however, in the long term, the improvement in the firms profitability can be considered as secured. Indeed, the initiatives developed by the firms new leader are expected to lead the firm to a significant growth, if taking into consideration its market share and its prospects having access to Android-based devices and iPhone.