Finland & Nokia

Finland & Nokia

1. Declare as independet nation in december 6, 1917

2. Characterized by heavy investments in social welfare and public infraestructure

   • 2011, had become one of the fastes growing and most competitive economies in the world, member of EU and one of the world´s most homogenous societies with very low proportion of immigrants
   • Finish Economy
     • Driven by the wealth of the country’s natural resource endowment and its long coastline
     • Dominated by manufacturing industries pulp and paper, wood products, and engineered metal products.
     • Finland´s trade heavily affected by the Soviet Union
     • Finland’s financial markets characterized by strong ties between companies and their banks, Financial regulation was tight, making credit approval restrictive.
     • Telecommunications Cluter
       • Regulations
       • Stimulated private operators to upgrade their technology
       • Regional manufacturer, TV and radio sets, radiophones
       • Founded companies Televa, Nokia, Telefenno
         • A Finish company Nokia global market leader in mobile telecomunication
           • Operation
             • International expantion
             • Expanded through global alliance with Korea and US
           • Nokia’s growth alone contributing close to 1% to the national growth rate
             • 2001, Nokia´s sales were EUR 30.4 BILLION
             • eMPLOYED 60,289 people
             • Production location in 10 countries
             • R&D in 15 countries
             • Sales in over 130 countries
             • Nokia Crisis
               • Had last 90% of its stock vaue in just six years
               • 2007, had lauched its first mobile phone, iPhone
               • In two years Aplee took 15% of the world market
               • Future Nokia Outlook
                 • Enter into the business of internet og things, involving cloud computing, mobility and broadband
                 • Nokia confirmed that it was planning to return to the smartphone businees in 2016
   • Finish Education
     • Sophisticated public education and university system
     • The quality of education was considered good
     • Home of 20 universities and other institution of higher education, with a student population of approximately 270,000.
   • Finish R&D
     • In 1983 the National Technology Agency (Tekes) was founded, which became the main implementer of technology policy.
     • In march 1987 the Science and Technology Policy Council, was founded
     • Finland one of the leading OECD countries in public R&D

3. Crisis

   • Berlin wall had come down
   • Soviet Union was dissolving

4. Policies

   • The Science and Technology Policy Council conducted a major review of Finland’s economic position
     • Center of Expertise Program
       • “Strengthening regional competitiveness by increasing innovation, renewing the regional production structure, and creating new jobs in selected expertise areas.”
     • The Cluster Program
       • Focused on developing the innovative capacity of industrial clusters by supporting cluster-specific R&D efforts.
   • The government was create favorable framework conditions
     • In 1995, Finland became a member of the European Union
       • Harmonizing of many laws and regulations with the other EU countries
         • The transformation of Finnish industry could also be seen in the composition of the economy: In 1999, electronics and telecommunications equipment had become the leading sector, accounting for 21% of value added, followed by pulp and paper (15%), chemicals (10%), and machinery and equipment (9.5%)