I would have to agree Bolaji, by stepping out of the co-chairmen spots but still being co-CEO's doesn't make me feel confident about big change at RIM. If they are serious about maintaining the company they built, the co-CEO's need to focus on change in their development department, unless the departments ideas are being shot down by the CEO's. If thats the case RIM is destined for failure due to mismanagement at the top.
Stochastic Excursion, I couldn't have put it better. Why did the government get involved and how do they expect to help improve RIM's competitive position? It comes down to the company and its investors, though.
Well, it appears Management Changes may be the option the company is going for first. TechCrunch posted this story yesterday, via the Financial Post, about RIM co-founders Mike Lazaridis and Jim Balsillie may appease shareholders and step out of their co-chairmen positions. Sounds like they will still both remain co-CEO
It could be that RIM will find itself in two or more of the situations in some sequence of events. The optimal scenario I see RIM going through is #1 Nothing Happens, although not innovating in this case would not necessarily be a downward spiral.
RIM didn't become a business phenomenon by way of the "wow" factor, but by staying power, having its act together with the right components in the right places. Of course there's some innovation (#2) involved with this business strategy. RIM is better off diversifying into other product lines.
Not clear why anybody would want to buy RIM. The Canadian goverment's actions against its executives was destructive in no small measure to that company, completely disproportionate to the alleged offenses. Its competitors are better off cherry-picking RIM's employees as the company continues to founder.
Jennifer, RIM's management and shareholders should take a leaf from the experience of Yahoo! and do something urgently. I recall Microsoft offered to buy Yahoo for $45 billion in 2008 (click this link for details of the Microsoft offer) but the company turned down the offer. It has been struggling since and on Tuesday it's market value was $20 billion, less than half what Microsoft offered.
It was Yahoo's founders who scuttled the deal then because they couldn't imagine parting with the company. RIM's co-CEO (itself a ridiculous idea) are presiding over a similar situation and are unwilling to sell or part with the company they also helped establish. What's the likely outcome for RIM? They'll muddle through; if they are lucky RIM will bounce back or as some suspect it will slowly fade away.
I think they have to think about some better technical collaboration or partnership. They have a good name and fame in market, so in order to keep it up either they has to do partnership or some joint venture with technology leaders.
@Anna, i think merging with another technology company can be an alternative in short run but RIM (i think) is not in that desperate position to try out this option. If they can look within and strengthen their existing portfolio then they can survive the hard days. Just like Nokia, they have solid name in developing and developed market. In the meantime RIM should make long term strategy to reinvent or reinnovate.
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