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

International line of credit (IB) - Essay ExampleThe main lines of production were cables, rubber and paper, while electronics unit was still relatively sm either. 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 used collaborative ventures as a strategy particularly in Europe and in Asia, especially in china. Europe beingness a developed market, it made sense for Nokia to immortalise into joint ventures to build upon the expertise and the knowledge brutal 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 abroad market. Thus Nokia entered into joint ventures with Chinese and other Asian companies and Government to achieve the following objectivesNokia has been using networks establish on innovative ideas to keep pace with a dynamic technological environment, which evolved into mobile telephony. Nokia used primarily international innovation networks in becoming a world leader in the mobile telephone set industry. This is the best example of Nokias collaborative 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 afield 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 watch of the world. Thus Nokias Export policy 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 record take in the year 2001. China, which had acquired t he position of the second