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Due to the European industrial revolution and the growing consumption of paper and card-board the company soon became successful. The company was named Nokia Abs in 1871 and added electricity generation to its business in 1902. The company launched its electronics department in 1960 (Nokia, 2008).
The merging of three companies, Nokia Abs, Finnish Rubber Works (founded 1898), and Finnish Cable Works (founded in 1912) led to the formation of the Nokia Corporation in 1967 (Nokia, 2008).
Investment in Consumer Electronics Product
The corporation’s venture into consumer electronics was influenced in part by the energy crises of 1973...
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