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The purpose of that study is to understand the level of brand loyalty in the
customers and to know how satisfied the customers are after using the
Nokia product. The brand loyalty in the nokia has been has been checked out
with the help of a self prepared questionnaire in which both open and close
ended questions were asked and sample size was about 30.The majority of
the respondents expressed their greater level of satisfactions towards the
nokia and 80% of the respondents are completely satisfied and are brand
loyal in nokia. some suggestions have got as well from the respondents such
its high rates, to avail double sim facility are most well known among them.
Introduction:
Now a days the market has become so dynamic and competitive and a
successful company has to keep a close eye on its customers satisfaction to
maintain or to improve its status in the market. a company should not only
the sale f the product but it should keep its self in touch with the
customers even after sold out the product to measure the level of
satisfaction because if the customer bring positive words of mouth so it
lower come 85% of the expenditures in the company. Nokia is a very well
reputed company in all over the world and its essential for him to be aware
with the customers wheather they are still brand loyal or not towards the
nokia products.So this study has been conducted to know the level of loyalty
in the customers.
Nokia plays a very large role in the economy of Finland: it is by far the
largest Finnish company, accounting for about a third of the market
capitalization of the Helsinki Stock Exchange (OMX Helsinki) as of 2007; a
unique situation for an industrialized country is an important employer in
Finland and several small companies have grown into large ones as Nokia's
subcontractors. Nokia increased Finland's GDP by more than 1.5% in 1999
alone. In 2004 Nokia's share of the Finland's GDP was 3.5% and accounted
for almost a quarter of Finland's exports in 2003. In 2006, Nokia generated
revenue that for the first time exceeded the state budget of Finland.
Finns have ranked Nokia many times as the best Finnish brand and employer.
The Nokia brand, valued at $35.9 billion, is listed as the 5th most valuable
global brand in Interbrand/BusinessWeek's Best Global Brands list of 2008
(1st non-US company). It is the number one brand in Asia (as of 2007)[ and
Europe (as of 2008), the 23rd (tied with Exxon Mobil; 2nd in Network
Communications, 5th non-US company),and is the world's 88th largest
company in Fortune Global 500 list of 2008, up from 119 of most admirable
company worldwide in Fortune's World's Most Admired Companies list of
2008 the previous year. As of 2008, AMR Research ranks Nokia's global
supply chain number two in the world.http://en.wikipedia.org/wiki/Nokia - cite_note-13#cite_note-13
http://en.wikipedia.org/wiki/Image:Nokia_HQ.jpg
The Nokia House, Nokia's head office located by the Gulf of Finland in
Keilaniemi, Espoo, was constructed between 1995 and 1997. It is the
workplace of more than 1,000 Nokia employees.
Nokia Corporation
Typ Public – Oyj
e (OMX: NOK1V, NYSE: NOK, FWB: NOA3)
Founded Nokia, Finland (1865)
Founder(s) Fredrik Idestam
http://en.wikipedia.org/wiki/Image:Flag_of_Finland.svgEspoo,
Headquarters
Finland
Area served Worldwide
Kari Kairamo, CEO in the 1980s
Key people Olli-Pekka Kallasvuo, President & CEO
Jorma Ollila, Chairman
Telecommunications
Industry Internet
Computer software
Mobile phones
Smartphones
Products
Multimedia computers
Networks
Services and Software
Services
Online services
Market cap ▲ €101.995 bn (2007)[1]
Revenue ▲ €51.058 bn (2007)
Operating
▲ €7.985 bn (2007)
income
Net income ▲ €7.205 bn (2007)
Total assets ▲ €37.599 bn (2007)
Total equity ▲ €17.338 bn (2007)
Employees 123,006 as of September 30, 2008[2]
Nokia Siemens Networks
Vertu
Subsidiaries
Navteq
Qt Software
Website nokia.com
History
Pre-telecommunications era
The new company was involved in many sectors, producing at one time or
another paper products, bicycle and car tires, footwear (including Wellington
boots), personal computers, communications cables, televisions, electricity
generation machinery, capacitors, aluminium, etc.
Telecommunications era
The seeds of the current incarnation of Nokia were planted with the
founding of the electronics section of the cable division in the 1960s. In the
1967 fusion, that section was separated into its own division, and began
manufacturing telecommunications equipment.
In 1988, Jorma Nieminen, resigning from the post of CEO of the mobile
phone unit, along with two other employees from the unit, started a notable
mobile phone company of their own, Benefon Oy. One year later, Nokia
Mobira Oy became Nokia Mobile Phones and in 1991 the first GSM phone was
launched.
At the end of 2005, Nokia Networks had more than 150 mobile network
customers in more than 60 countries, with its systems serving in excess of
400 million subscribers.
On June 19, 2006 Nokia and Siemens AG announced the companies are to
merge their mobile and fixed-line phone network equipment businesses to
create one of the world's largest network firms, called Nokia Siemens
Networks. The Nokia Siemens Networks brand identity was subsequently
launched at the 3GSM World Congress in Barcelona in February 2007.
Corporate affairs
Corporate governance
The operations of the company are managed within the framework set by
the Finnish Companies Act,] Nokia's Articles of Association and Corporate
Governance Guidelines, and related Board of Directors adopted charters.
Group Executive Board Board of
http://en.wikipedia.org/wiki/Im
Suila, b. 1945
Board member since 2006
Member of the Audit Committee
Corporate culture
http://en.wikipedia.org/wiki/Image:Nokian_p
%C3%A4%C3%A4konttori_Keilaniemess%C3%A4.jpg
The Nokia House, Nokia's head office in Keilaniemi, Espoo, Finland.
Nokia's official corporate culture manifesto, The Nokia Way, emphasises
the speed and flexibility of decision-making in a flat, networked
organization, although the corporation's size necessarily imposes a certain
amount of bureaucracy.
Until May 2007, the Nokia Values were Customer Satisfaction, Respect,
Achievement, and Renewal. In May 2007, Nokia redefined its values after
initiating a series of discussions worldwide as to what the new values of the
company should be. Based on the employee suggestions, the new values were
defined as: Engaging You, Achieving Together, Passion for Innovation and
Very Human.
Methodology:
This research study has based on a self administered questionnaire. The size
of random sample has selected as 30 in which both kind of quantitative and
qualitative questions were asked that were in the form of close and open
ended. Different useful suggestions and ideas have been conducted as well
through open ended question in the questionnaire. And basically this has
been developed to understand the brand loyalty in the customers of Nokia
and to get the level of satisfaction amoung them.
Sample has selected about 30 in which there was no mentioned of age and
sex and other requirements of identifications due to unnecessary step.
Hypothesis:
Customers are truly satisfied towards the Nokia cell phones.
Questionnaire:
To conduct the primary data a questionnaire has developed in which just 9
questions were added and a portion of suggestion to get the creative ideas
from the respondents,
Questionnaire
3.Have you ever used nokia in case you are using another cell phone?
a. yes b. no
5. If you have to guide someone to buy a cell phone what that would be?
a. nokia b. Samsung c. moto d. Sony ericson e. others
Analysis tools:
analysis was made only on the basis of simple computation and percentage of
each question;s answer. All options of a question were treated in the form of
percentage. A descriptive simple calculations ahs used.
Findings:
It has been taken out from the analysis of questionnaire that 72.41% are
using nokia cell phones,13.79% Samsung,10.34 sony ericson and 10.34 are
using moto which means that most of them are using nokia because of high
level of satisfaction in the customers.
From all respondents only 86.2% of them have used nokia while rest of them
haven’t used before but using now.
Customers are brand loyal toward nokia cell phone because of its durability
very much because 58.62% of respondents prefer nokia due to its durability,
44.82% for good quality and 3.44% for effordable price.
Most of the respondents are purely satisfied with nokia because 82.75% has
expressed that they would guide someone to purchase a nokia cell phone and
remaining suggested for other phones so majority of the users are getting
and have got the desired level of output from nokia cell phones.
68.96% answered yes when they were asked wheather they would prefer
nokia if its prices goes high that is the pure sign of their brand loyality.
79.31% would prefer nokia even in the coming days because they are getting
the desired responses from the nokia cell phones.
Nokia really deserve the priority in the market that it has now because just
58.62% are agree with that statement,27% strongly agree,10% isagree and
5% strongly disagree with that statement.
Nokia is much popular amoung the people spacialy customers so 72% of the
respondents are willing to reward A grade to the nokia corporation, 24%
with grade B and 4% with grade c that shows majority of them are just
satisfied.
Some of the useful ideas and suggestions have been conducted as well in
which majorority of them reveals to lowercome the prices because it
appears expensive to them and it just targeting the rich families only so high
quality product should also be appeared with lower rates to satisfy them.
Some of respondents complaints to improve the quality of image and other
functions to compete efficiently.
Respondents group also reveals that its weight is bit heavy than other cell
phones so nokia shoul emphasize on the lightness of the product as well.
To launch the double sim facility in the handsets as well because now adays
people are using saverals sims so this facility in the nokia handsets would
attract them as well.
References:
(1) Authors: Bennett Rundle A comparison of attitudinal loyalty
measurement approaches
Source: The Journal of Brand Management, Volume 9, Number 3, 1 January
2002 , pp. 193-209(17)
(3) Author: Graham Gould why is that customer loyalty that counts.
Journal: managing service quality.
Year 1995, issued 1, volume 5 page 15-19
Publisher: Mcb up ltd