International Financial Management Essay Example | Topics and Well Written Essays - 1000 words

International Financial Management - Essay ExampleTherefore it can be said that Nokia is liable for rapid growth in stallular communication and is a pioneer in this field.These four free radicals argon serviced by two other horizontal groups, which are Customer and Market Operations and Technology Platforms. These groups are further supported by various other groups and teams centered mostly in headquarters, related with lodge functions. From 2008 onwards however, three different groups involved in mobile device business and their respective horizontal groups have been integrated into a single social unit and named Devices & Services. The main reason for this integration is to increase horizontal integration across the company. Another important aspect of Nokias business model is its sales and node services units. These units are dispersed across more than 150 countries. There are ten different factories across nine countries involved in cell surround manufacturing operated by Nokia. Some models are outsourced to various contractors as well.Nokia is controlled by a group executive board which is responsible for its operative management. The appointments on group executive board in turn are made by the Board of Directors. The Group Executive board currently has eleven members. In simple eye with its long term vision of flexibility and innovation Nokia has recently decided to bring central changes to its management structure. The move is not only marked by a management strategy but a major change in business strategy as well. As mentioned earlier mobile phone market is saturated with many different players such as Apple, Samsung, and Philips etc in tough competition. Therefore Nokias group executive board has decided to angle its focus towards making Nokia an internet company. The management structure will therefore be changed into three main units i.e. devices, software and services and markets.The main focus of Nokias corporate governance strategy