International Business Strategy term paper Essay

International Business Strategy term paper - Essay Example Nokia and Apple are major smartphone multinationals based in the Finland and the United States respectively with operations in other parts of the world including Asia, Europe and Africa. However, when Apple and Nokia introduced their smartphone products into the United Kingdom, the response was varied and this contributed to the success and failure of the products. While Apple smartphone received a positive review and was widely accepted by the customers in the UK, Nokia smartphone received a negative review and this affected the sales of the products in the UK. Nokia was forced into the drawing board to determine the causes of the failure and evaluate its strategies to enable it reintroduce the product again. In this paper, a comparison of the tow multinationals will be done to determine the factors that contributed to the success and failure of the two multinationals in the sale of their smartphone devices in the United Kingdom (Stevenson, 2012). Nokia, being a Finish based multinationals has had significant impacts in the mobile telephony industry especially in Europe with previous studies indicating its dominance in the overall mobile market. However, the introduction of smartphones by Apple and Samsung pushed the company into venturing into the market in an attempt to protect its hold on European markets. However, the response that the company received from the market did not favour the continued production of the smartphones and this led to the failure of the initiative. A number of factors contributed to the failure of Nokia in the United Kingdom, a market that was predominantly controlled by the multinational before apple introduced its smartphones (Donnelly, 2008). In 2007, Nokia introduced its first iPhone into the European market in a response to the emerging mobile telephony in the region and in other markets