The Politics factors pertains to the factors which the govt also impacts such as authorities instability or rules and regulations which the business must follow. Nokia possess recently relocated one of its making facilities to India, and because of this it is vital that Nokia stick to the rules and regulations which might be set in India, so that they can run as successfully as possible. The kinds of things they may have to be mindful of is the bare minimum wage, the ideal hours a week employees can function and especially the Health and Basic safety regulations; this is certainly to avoid any kind of bad press or revolt from staff that will eventually damage the reputation of Nokia both temporary and long-term. As well as overseas government it is essential that Nokia have a good relationship using their government in Finland, as any political instability such as a enhancements made on government or perhaps coalition may result in fresh laws being implemented, that can affect Nokia a lot
Nokia are vital for the Economy in Finland as it currently takes up a third from the market for the Helsinki stock exchange. The enterprise is so crucial to the economy of Finland the fact that government had to step in if the business, recording Nokia prepared job reductions in Finland and with fears of what that would perform to the economic system the Finnish government stated they were willing to help find jobs for those who are sacked (Reuters, 2011).
Nokia will likely have to be mindful of changes in exchange rates, as they operate on a global scale and drastic changes in rates may have a devastating impact on the monetary operations of the company if the business usually do not take appropriate steps to assure the effects will be minimum. The threat of recession on western economic system has also had an effect on the eye rates in banks, meaning the cost of funding money for business activities has increased and Nokia will need to be conscious of the changes in interest rate.
With Nokia mainly operating...