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Managing Change

In: Business and Management

Submitted By mark10289
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QUESTION 1: Write a brief account of how different elements of the temporal and PEST environments interact to influence the situation described in the case.
Change in organizations is a form of strategy in the business environment. In a global business environment today, the change in the organization is very important for businesses, as it will determine the competitiveness of the business with other competitors. To survive and develop a long way in the market, organizations need to have a change in their business environment in the best way. Conversely, the enterprises will face to losing business capabilities and their foothold in the market and it can be cause leading to bankruptcy. Nokia Corporation's case is a typical example. In this case, Nokia is facing to big challenges from their new competitors in the markets as well as in technology advance and the changing in their customers’ habits. Because of those changing, the Nokia Corporation is losing their foothold in the mobile market in the world as well as in home country (Finland). Moreover, there are still many factors that affect this group, not only internal elements but also external elements. Those factors required the organization changes. To aware more, we will base on the PEST environments, this tool is used to evaluate the environments value, it relies on Political, social, economic, technology environment. To understand how they influence to the Nokia Corporation, in this essay we will do an analysis on the PEST environment that interact to Nokia’s situation deeply.
Political environment:
Political factor is related to the government legislation as well as the law in business. To bring a product to the market of a given country, that requires organizations to study political-law environment, it as an essential part of the business. In this case, when Nokia want to operate their organization...

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