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Product strategy nokia

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Product strategy nokia

  1. 1. Product StrategyProduct Strategy By Debajyoti Mukherjee
  2. 2. Introduction :- Established in 1865, Nokia has transformed from a paper pulp maker to connecting more than a billion people and pioneering the modern mobile technology.<Portfolio> Business Line :- The company has four different business lines i.e. ◦ Mobile Phones ◦ Multimedia ◦ Enterprise Solution ◦ Network
  3. 3. List of Nokia Product Family Prod. Series Prod. Detail Prod. Feature Nokia 1000 series Ultra Basic •Entry Level Phone •Targeting Developing Countries •Low Price , Durable Nokia 2000 series Basic Series •Entry Level Phone •Basic Connectivity , VGA Camera Nokia 3000 series Expression Series •Mid Level Phone, Intended to youth customers •Network Connectivity , Better Camera , basic multimedia(gaming) Nokia 5000 series Active Series •Better Multimedia •Music Player and FM player •Colored and polyphonic
  4. 4. List of Nokia Product Family Prod. Series Prod. Detail Prod. Feature Nokia 6000 series Classic Business series •Bluetooth wireless technology •Video recording facility Nokia 7000 series Fashion and Experimental series •Slide cover •WAP enable •Touch screen Nokia 8000 series Premium series •Inspired By other series best features •Light weight and Handy. •Targeting Upper-class people. Nokia 9000 series Communicator series •business-optimized smart phones
  5. 5. List of Nokia Product Family Nokia C series - affordable series (optimized for social networking and sharing) Nokia Eseries - enterprise-class series (business-optimized smart phones) Nokia Nseries - advanced smartphone series (with advanced multimedia and connectivity features) Nokia Xseries – for young audience (focused on music and entertainment)
  6. 6. Latest inclusion in Nokia’s Product Family Nokia Asha series - affordable series (optimized for social networking and sharing),Targeting next billion. Nokia Lumia series –smat phone series(result of a long-term partnership between Nokia and Microsoft—as such, all Lumia devices run the Windows Phone operating system)
  7. 7. “'What's in a name?'” There is no doubt that some of Nokia’s product are very best in the world.But due to Motorola,Apple and Samsung they are losing their global market.Though they have strategic tied up with Microsoft yet they are lagging in many cases than their rivals. Where other companies gives a dashy- flashy name to every phone it brings into the market, Nokia tends to do the exact opposite. Nokia from the very start has relied on numbers rather than names. This strategy worked very well in the past,
  8. 8. but only because there wasn’t much competition back then. But times have changed. Consumers are more attracted by names because they can thus easily relate to the features of the phone. This is evident from the success of the MotoRazr, MotoSlvr, MotoRizr and MotoKrzr. These phones are not packed with heavy multimedia features like the N- Series; still they are selling like hot cakes. Just by reading the name of the handset, one gets a broad idea what the phone looks like or what its features are. Nokia advertises more than Motorola. Still its market share is dropping. Motorola does not need to spend much money for the promotion of its products and it doesn’t have to worry about the marketing of these phones; it just simplifies its job by naming its products right.

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