An entrepreneurship is best defined as a business enterprise that makes a profit through undertaking risks and innovations. Nokia is just one of the many examples that fit well by the definition. Nokia, the Finnish firm, is one of the leading multinational communications corporations and the largest cell phone manufacturer nowadays, although it is currently being challenged by many other competitive rivals such as Apple, Samsung, and HTC. Nokia, however, were able to rule and established its position in the industry for many decades through its emphasis on innovation.

Google.com

Nokia was able to introduce new products with a variety of features that match the customers’ tastes and preferences. It was able to produce mobile phones and sell them at a reasonable price. Through its innovative products, Nokia was able to secure a large amount of loyal customers. On the other hand, Nokia had also managed to cut down its costs of production to achieve economic of scale through its experiences. Nokia, although slowly declining today, is still an entrepreneur that demonstrates new products, new production methods, and new market.