Ericsson (Telefonaktiebolaget L. M. Ericsson) is a Swedish multinational provider of communications technology and services. The company’s offerings comprise services‚ software and infrastructure in information and communications technology for telecom operators and other industries‚ including traditional telecommunications as well as Internet Protocol (IP) networking equipment‚ mobile and fixed broadband‚ operations and business support solutions‚ cable TV‚ IPTV‚ video systems‚ and an extensive
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Objectives and Achievements TargeT achieved WOrK iN PrOgreSS NOT cOMPLeTed Objectives 2008 achievements 2008 Objectives 2009 Responsible business practices Long term objective: Ericsson is working towards increased transparency and accountability of its operations. We have a universal governance framework that applies wherever we operate‚ and whatever company we may acquire. Our CR-related policies and activities play a growing role in achieving this. Governance 100 percent completion
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Reinventing Ericsson Ericsson had almost gone bankrupt when the dot-com bubble burst and the telecom market collapsed in late 2000. When Svanberg (first externally recruited CEO in 60 years) took over in April 2003‚ he launched yet another cost cutting package (after CEO Kurt Hellström in early 2003)‚ the fourth in two years. Svanberg wanted to do more than just restore the company to break-even‚ he wanted the latest round of cuts (coupled with revenue increases) to return Ericsson to profit. Svanberg
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evolution of Sony Ericsson alliance Creativity and flexibility is required in order to succeed in the mobile-phone industry. No other industry changes faster‚ or experiences more sudden and rapid changes to fortunes (Bowman 2006‚ pg 1). The industry was shaken by the alliance of two consumer electronic giants in October 2001‚ Sony Corporations and Ericsson AB. Sony Ericsson mobile communications is a fifty-fifty joint venture between Japan’s Sony Corp. and Sweden’s Ericsson AB. Their mission
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Sony Ericsson Mobile Communications Formal discussions were held between Ericsson and Sony in late 2000 with serious discussions in early 2001. Before the start of reorganising its operations the Ericsson handset division – DCP Division Consumer Products - employed close to 18‚000 people‚ or almost 20 per cent of total Ericsson employment. Between 6‚000 and 7‚000 were transferred to Flextronics. An estimated roughly 8‚000 were released and another 3‚500 were transferred to Sony-Ericsson‚ EMP
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In 2001‚ Sony Ericsson is established by the Japanese company Sony (a consumer electronics corporation) as a fifty-fifty joint venture with the Swedish telecommunications company Ericsson (a mobile communications infrastructure and systems business) which offers mobile phones‚ accessories and applications. Before the merger‚ its provides expertise in mobile communication‚ after the merger‚ its provide both the consumer electronics and content expertise. In 2011‚ Sony Ericsson changes their global
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Marketing Assignment Sony Ericsson‚ Facts and Challenges 1.0 Report Overview 1.1 Introduction The aim of this report is to deeply understand the importance of applying marketing essential strategies in order for the company to thrive in a dynamic changing environment. Sony Ericsson‚ the joint venture established in 2001‚ is an example to be thoroughly examined in this report. Its mobile T68i was revolutionary; it was the first GSM/GPRS color screen handset. Its Bluetooth technology
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Sony Ericsson Marketing Plan Content: Sony ericsson Description: Sony Ericsson is a joint venture established in 2001 by the Japanese company Sony Corporation and the Swedish telecommunications company Ericsson to make mobile phones. Both companies have stopped making their own mobile phones. The reason for this merger is to combine Sony’s consumer electronics expertise with Ericsson’s technological leadership (see Ericsson Mobile Platforms) in the communications sector.The company’s global
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SWOT Analysis for Sony Ericsson Strengths: Increased market shares Reduced losses: Sony Ericsson has been successful in reducing its company losses in the past year. The company cut its total losses by more than half in the second half of 2002. Sony Ericsson should look to continue to cut costs in order to narrow company losses even further. The success of the joint venture will be viewed by its ability to break even and generate profits. Brand name: Having a strong brand name means
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control some functions within the same radio as through mobile applications. It competes directly with the partnership between Ericsson and Volvo where similar mobile connectivity services were implemented in their electric cars‚ which can be accessed from any personal device‚ which can not only access information but control some car functions remotely. Last but not least‚ Ericsson has decided to invest in this industry with its "Auto on- Cloud" service which has earned accolades. This indicates that
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