Business Management Strategy - Corporate Strategy - Global Business Strategy

The following presentation on How social media and digital environments are changing management, collaboration and organizations, is one of my favorites. It was made by Pasi Mäenpää: Executive Vice President, Corporate Customers/ Elisa at Elisa ICT Forum 2010, Helsinki, Finland, Europe ( More information can be found here as well http://www.elisa.com/en/ and http://www.dicole.com).

Different topics such as theory of transaction costs, how the Internet reduces the decentralization-centralization transaction costs axis cloud company, communications paradigms,etc, are carefully discussed with a blend of brick-and-mortars-corporate-matters and external factors references that permeate the company in an every day more hyper competitive world.

To my opinion these insights made by Pasi Mäenpää can clear out the clouds and pave the way in order to create more "networked-sustainability" therefore leading us to believe European entrepreneurs are and have been definitely the basis of global economy denying in this way what Mr. Eric Schmidt is saying about Europe must embrace 'crazy entrepreneurs', i really don't think the Larry Ellisons, the Steve Jobses, the Bill Gates are the founders of the large global companies, most of these companies that are 100% Americans are not sustainable compared to those that are so are one way or another drunk from European education model where those CEOs mentioned above would be drop-outs. Remember Peter Drucker was not American at all and most of the teachings from most Business Schools come from European Business Schools that are much much older than Harvard.

Looking back to its agrarian economy era back in the 30's, Finland has shown a remarkable growth and progress ever since. During the 50s decade, most of the population and more or less 40 per cent of output were still in the primary sector.

During the 70's, Finland was already considered a stable and mature economy compared to its neighbor countries.

Nowadays, according to the World Economic Forum, Finland is considered to be in the first 6th place of the top richest countries around the world, key factors that make it considered a rich country is the fact Finland is an Innovation driven country but also Efficiency driven and with a very poor or zero corruption rates among others.

Companies have been facing this big dilemma from time to time: How to identify, attract and retain good employers? These good companies are little by little realizing an unfallible decisive truth: The capacity to locate and retain high performing people who can develop winning strategies so the competitive advantage can be ensured.

However what we can say you do not have to find, so to speak, High Performers, instead bear this in mind you have to define them. According to several research made by renown universities of the world, these people who shine even in bad days, who has a strong limitless energy and enthusiasm and who are full of ideas, get things done quickly and effectively, who inspire others not just by pep talks but with very important through the sheer force of their example, these people can push the company to higher and unknown realms.

These people are always located or headhunted by rival companies according to those universities surveys. So when these people leave a company, the impact in the financial way of this problem is such a terrible knock out and it includes tremendous costs on training most of the time very expensive ones, lost of productivity and inspiration.

Leading mobile handset maker from Finland, Nokia has suffered a huge decline in revenue in India. There has been almost a decline of 15% in India revenue. It was found out to be Rs 14,000 crore for the period under review.

However, Chinese telecom equipment maker Huawei has registered an impressive revenue report. This has been informed by a recent study.