how can MNC works. Take example of Nokia phone
Answers
Answer:
A MULTINATIONAL CORPORATION HAS FACILITIES AND OTHER ASSETS IN AT LEAST ONE COUNTRY OTHER THAN ITS HOME COUNTRY
Answer:
Creativity plays an important role in IT industry. However, in October 2009, Apple accused Nokia of 11 patent infringements. Apple's General Counsel, Bruce Sewell even went a step further by stating, "Other companies must compete with us by inventing their own technologies, not just by stealing ours." It shows the importance to differentiate their products from all other companies. Otherwise, it will be labeled as copycat.
there are keen competitions in the IT industry from minute to minute. As Nokia hasn't been able to produce a true iPhone rival or take other steps to improve its financial health, it keeps suffering from sustained slide in performance(the change in stock) and even ended up with the change of CEO.
In October 2009, Nokia filed a lawsuit against Apple Inc. in the U.S. District Court of Delaware citing Apple infringed on 10 of its patents related to wireless communication including data transfer.[151] Apple was quick to respond with a countersuit filed in December 2009 accusing Nokia of 11 patent infringements. Apple's General Counsel, Bruce Sewell went a step further by stating, "Other companies must compete with us by inventing their own technologies, not just by stealing ours." This resulted in an ugly spat between the two telecom majors with Nokia filing another suit, this time with the U.S. International Trade Commission (ITC), alleging Apple of infringing its patents in "virtually all of its mobile phones, portable music players, and computers."[152] Nokia went on to ask the court to bar all U.S. imports of the Apple products including the iPhone, Mac and the iPod. Apple countersued by filing a complaint with the ITC in January 2010, the details of which are yet to be confirmed.[151]