Heard about one man show but one firm affecting the whole
country is something rare. Nokia a world renowned company from Finland makes me
think that way.
From the year 1998 to 2007, a quarter of Finnish growth was
contributed by Nokia alone. Also, it plays a significant role in research &
development projects and exports. Finland’s one fifth of total exports is from
Nokia.
Nokia also boosts country’s revenue by paying 23% of Finnish
corporation taxes. So a fierce competition from foreign companies definitely
affects Nokia and Finland as a whole. Apple’s accent plays a major role in
bringing down the Nokia’s revenue and subsequently its share price by 90% since
year 2007.
No comments:
Post a Comment