Business Environment and Strategic Management Assignment - 1

Business Environment and Strategic Management - Assignment ExampleThis essay stresses that Nokia could use an alternative schema for developing its activities. Instead of being relied on the financial support of Elop, the potent should try to update its strategies a restructuring of the firms units could help to the limitation of the firms costs, in the context 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 problem of the firm is not its sales but its pay in separate words, there is no need 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 get other benefits that refe r 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 pressure however, in the long term, the improvement in the firms lucrativeness can be considered as secured. Indeed, the initiatives developed by the firms new leader are expected to lead the firm to a solid growth, if taking into consideration its market share and its prospects having access to Android-based devices and iPhone.