McKinsey 7S Framework of Nokia

Nokia Corporation is a Finnish consumer electronics, telecom, and IT multinational corporation. Fredrik Idestam, Leo Mechelin, and Eduard Polon founded the company in 1865. Today, we’ll discuss the McKinsey 7S framework of Nokia as the 7S framework in strategic management and change management; strategy, structure, system, staff, skill, style, and shared values; McKinsey 7S model with Example Company.

Products and services of Nokia

  • Developer tools
  • Video games
  • Operating system
  • Smartphones
  • Tablets
  • VR Cameras
  • Health
  • Security
  • ADSL modems
  • GPS Products
  • Consumer services
  • Nokia imaging apps
  • Humanitarian services
  • Wi-Fi Routers
  • Digital Audio
  • Smart TV

Subsidiary brands of Nokia

  • Nuage networks
  • NGP Capital
  • Bell Labs
  • Radiofrequency systems

Statistical facts and figures of Nokia

  • Nokia’s annual revenue in 2023 was 26.70 billion dollars
  • Out of which, the net profit and income of the company was 4.369 billion dollars
  • Employed Approximately 86,896 employees to manage its operations

Top competitors of Nokia

  • Hewlett Packard Enterprise
  • Amdocs
  • Oracle
  • Whale Cloud
  • NEC (Nutcracker)
  • Ciena
  • IBM
  • Huawei
  • Ericsson

The McKinsey 7S framework of Nokia would analyze the elements of the 7S framework in strategic management and change management; strategy, structure, system, staff, style, skill, and shared values. Here’s the Nokia McKinsey 7S model strategy with Example Company as follows;

McKinsey 7S Framework of Nokia

Let’s discuss the McKinsey 7S framework of Nokia as 7S framework in strategic management and change management or McKinsey 7S model with Example Company; they’re as follows;

Strategy of Nokia

Some of the main elements of Nokia’s organizational strategy are one of the main elements of the 7S framework in strategic and change management in the McKinsey 7S model strategy with example as follows;

I-Collaboration

Nokia focuses on building trustworthy and collaborative relationships with its customers. The company has realized the fact that it can’t achieve digital growth and progress alone without receiving input from the customers. The brand partners with the right tech partners to develop applications and digital services of the future.

II-Innovation

Pioneering creativity and innovation in the company’s portfolio is the game changer in the tech industry. Nokia is developing digital devices and application ecosystems to keep up with the digitalization age. However, the company is working on creative and innovative programs for technological development alongside its partners.

III-Tech Leadership

Technology is the core expertise and specialty of Nokia and the company focuses on offering the best tech portfolio to the customers in the tech industry.

IV-Networking

Digital and tech transformation plays a key role in achieving accessibility, productivity, and sustainability. The networking technology of Nokia is highly significant to customers and other tech companies while they are moving towards growth and progress.

Structure of Nokia

Some of the main elements of Nokia’s structure are the key elements of the 7S framework in strategic and change management in the McKinsey 7S model strategy with example as follows;

I-Business Groups Or Departments

Nokia used to follow a top-to-bottom organizational structure and it led the company to lose its market leadership position. The tech company has divided its organizational structure into four main departments or business groups;

  • Networks
  • Enterprise solutions
  • Multimedia
  • Mobile phones

Along with four departments, Nokia also has two horizontal departments;

  • Customers and market operations
  • Technology platforms

All the departments of Nokia collaborate with one another and work interdependently. The company has realized the fact that it should effectively utilize human and other physical resources to achieve maximum efficiency.

System of Nokia

Some of the main elements of Nokia’s organizational system are the main elements of the 7S framework in strategic and change management in the McKinsey 7S model strategy with examples as follows;

I-Multiple Systems

Nokia employs multiple systems to effectively manage its devices and the tech network of the company. some of them are as follows;

  • Series 40 OS
  • Symbian OS
  • AMS (access management system)
  • Public warning systems
  • IPSO
  • Nokia Asha Platform
  • Nokia Pure

Staff of Nokia

In order to ensure sure effective and smooth running of Nokia’s operations and workforce, the company has a human resource department. The HR department focuses on satisfying the needs and wishes of customers; allocating the roles and responsibilities for staff and employees to ensure that the right number of employees perform the right tasks at the right time.

  • Planning
  • Employing and recruitment
  • Deploying and implementing
  • Training
  • Retaining
  • Removal and dismissal

Skill of Nokia

Nokia believes in continuous learning, growth, and development. The company regularly conducts training programs to improve the skills and expertise of its employees and workers. They could perform better in their jobs and roles with updated skills and expertise.

Style of Nokia

Nokia has established a workplace culture that is diverse and inclusive; the company has built an environment of respect and trust. It allows the company to set business priorities rightly and responsibly. However, some of the main elements of the company’s workplace design and culture are as follows;

  • Experience
  • Belonging
  • Leading lights
  • Growing together

Shared Values of Nokia

The mission of the vision of Nokia is to develop a customized solution through its committed employees and increase its database of customers. Some of the core values of the company are as follows;

  • Great workplace environment
  • Achieving together
  • Promoting open communication
  • Integrity
  • Giving priority to customers

Conclusion: Nokia McKinsey 7S Framework in Strategic Management |McKinsey 7S Model with Example Company

After an in-depth study of the McKinsey 7S framework of Nokia; we have realized that Nokia is the world’s leading tech company. If you are learning about the Nokia McKinsey 7S framework in strategic management and change management; then you should keep in mind the abovementioned strategy, structure, system, staff, skill, style, and shared values as McKinsey 7S model strategy with Example Company.

References 

  1. https://nokiamob.net/2023/02/26/nokia-reshaping-its-company-strategy-and-brand/
  2. https://www.nokia.com/we-are-nokia/strategy/strategy-2023/.
  3. https://www.nokia.com/we-are-nokia/leadership-and-governance/
  4. https://ivypanda.com/essays/nokia-organizational-structure/
  5. https://www.nokia.com/networks/fixed-networks/access-management-system/
  6. https://www.nokiasaudi.com/page/Vision,Mission,Values
  7. https://www.jstor.org/stable/40214167
  8. https://www.nokia.com/about-us/sustainability/our-people/
  9. https://nokia.career-inspiration.com/app/discussions/view/85944/what-kind-of-skills-do-you-need-in-order-to-work-here
  10. https://mobilestore.co.za/blog/view/evolution-of-nokia-operating-system
  11. https://bootcamp.uxdesign.cc/nokia-design-system-nokia-pure-6b99ef241b7f
  12. https://swotandpestleanalysis.com/swot-analysis-of-nokia/