International Business (IB) Essay Example | Topics and Well Written Essays - 1500 words

International Business (IB) - Essay ExampleThe main lines of output signal were cables, rubber and paper, while electronics unit was still relatively small. However, all this changed with the International acquisitions of several European electronics companies. Thus Nokia strengthened its position in the consumer electronics and telecommunications market.Nokia has utilize cooperative ventures as a strategy particularly in Europe and in Asia, especially in China. Europe being a developed market, it made horse sense for Nokia to enter into joint ventures to build upon the expertise and the know leadge base of the existing companies. By 1991, the bilateral trade agreements between Finland and Soviet Union were abolished and Nokia started looking for intermediaries. This led Nokia to enter into indirect exports through joint ventures in Europe. China was a promising but unfamiliar overseas market. Thus Nokia entered into joint ventures with Chinese and another(prenominal) Asian comp anies and Government to achieve the following objectivesNokia has been using networks based on innovative ideas to keep pace with a dynamic technological environment, which evolved into mobile telephony. Nokia used mainly international innovation networks in becoming a world leader in the mobile phone industry. This is the best example of Nokias cooperative venture strategy as an internationalization mode.Nokias international business strategy gradually moved from collaborative ventures to more of exports as it gained foothold in the overseas markets. However, instead of making the home country Finland its export hub, it chose Countries like China and India as their export hubs to the rest of the world. Thus Nokias Export indemnity could be seen as a furtherance of its collaborative ventures. From China alone, where Nokia earlier pursued primarily the policy of Collaborative ventures, its exports grew by 50% to a get into level in the year 2001. China, which had acquired the posi tion of the second