Abstract

Nokia, the world's largest maker of cell phones, realises the importance of analysing, reviewing and managing all the opportunities, threats and risks in relation to its corporate objectives. The principles documented in Nokia's risk policy and accepted by the audit committee of the board of directors cover different aspects of risk management. All the employees are responsible for identifying and managing risks in their respective areas. The important risks identified by Nokia include technology risks, marketing risks, operational risks and financial risks.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

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Keywords

Nokia, Risk management, Operational risk, Technology risk, Marketing risk, Financial risk, Intellectual property, IP, risks, Product liability, Regulatory risks, Foreign risk, Interest rate risk, Equity price risk