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Start The Success Story The Agenda • The Origins • The Beginnings – The Factors and Conditions – The Demand Conditions – The Related and Supporting Industries – The Strategy, Structure, and Rivalry • The Future Finland The Origins Finland from the Ashes • Reeling from siding with Nazi German in WWII • Forced dependence on Soviet Russia – Trade for Barter – Eastward Balance of Trade • Economy buoyed almost solely on forestry and low tech industry The Beginnings Strategic Structure Factors & Conditions Finland Related & Support Industries The Diamond Model Demand Conditions Human Infrastructure •Education--- Finnish government expands the capacity of higher education • High Public spending on education relative to GDP • Increasing the intake of students in University and Polytechnics • Expanding the education in information and communication field Investment Structure Capital--- Venture capitalists emerged during the 1990s • Successful business plans at the turn of the 21st century attracted increasing amounts of venture capital • In 2001, 30% of all venture capital in Finland was directed toward telecommunications Strategic Structure Factors & Conditions Finland Related & Support Industries The Diamond Model Demand Conditions Finnish Market Attributes • Low Population Density • Long Distance among each city • Long and Severe Winter • One of the first adopter of Bell’s telephone system • Strong demand for convenience communication tools • Nokia Implication - New group in it's parent company allowed them to concentrate on the production of radio transmission equipment Strategic Structure Factors & Conditions Finland Related & Support Industries The Diamond Model Demand Conditions The Telecomm Parent • PTT (Pelleron Taloudellinen Tutkimuslaitos) – National Telecomm Operator – Fostering the development of the Finnish Telecomm Industry The Growth Tank • Incubators – Growth areas for development, invested with an entrepreneurial culture Center of Excellent Program • Establishment of Educational Institutions • Promotion of R&D • Creation of Ancillary Industries • Regional motivation for expertise creation
