We can expect hope he could bring back the company on the winning track. But RIM will probably need more an innovative leader than just someone who is put there just to please investors and shareholders.
Yes, the new CEO has inherited huge pressure and surely onus rest on him to redefine RIM's management vision and goals. According to one Analyst at Morgan Stanley, tagged the new CEO - Mr. Thorsten Heins as of more product executioner rather than visionary leader. I can only wish him all the best and successful turn- around at RIM.
The resignation of the current CEO's is a good begiining but what is more important is who is the new leader and what is his/her vision about pulling RIM out of trouble. Otherwise RIM will become another HP story
According to recent news, RIM's co_CEOs and co_chairmen Mike Lazaridis and Jim Balsillie have resigned as a result of the pressure from investors. Both Lazaridis and Balsillie will remain as the board members and will hold on to their 5+% a head stake at the company. These two are the two of the three largest shareholders at the company. Lazaridis will have a more active role as the head of the new innovation committee from now on.
All this change sounds like the transformation has started in RIM and good days may finally be ahead for the company. Change of leadership and bringing a new vision to a company can be a very positive move. However, only time will tell if that is the case for RIM. Maybe Yahoo sees the great opportunity already.
I think a merger of Yahoo and RIM is good idea. In fact it might be the only true solution to help salvage both companies. Both Yahoo and RIM are losing marketshare daily and if they don't make a drastic change soon, it will be too late for either of them.
@Barbara, we can't compare google-motorola deal with yahoo-RIM because google always wanted to enter the smartphone business because it owned Android. Yahoo had no plans to enter mobility business and infact it never tried to build any OS for mobile. Moreover google was in a very powerful position to buy the motorola business. In these case both yahoo and RIM are struggling.
If it adopts any of these two operating systems it loses the advantage it currently has and this won't distinguish it in the market.
@Bolaji, I agree with you that RIM will loose its advantage, but clearly the trend is people either want Apple OS or Android and RIM is loosing its market share. RIM should take some drastic steps to come out of this situation.
@Anna, I am pretty optimistic that, Scott Thompson will help Yahoo rebuild its lost glory. People are raising questions about google search results relevance. Recently twitter also raised concerns over google search results. This gives yahoo a good chance to attract such dissatisfied google users.
It is a good point, Barbara. At the end, what is real obstacle for allowing RIM right recovery? Their internal organization or current financial restriction? I was thinking another break to consider is about the uncertainty on business model that could impact Yahoo too. Where will be major revenue for communications in the near future? If mostly in the OTT services, maybe RIM has to drive the boat there.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Archived Dialogues
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Euro-Crisis: What It Means for High-Tech Firms Join EBN Editor in Chief Bolaji Ojo and Contributing Editor Jennifer Baljko on Thursday, July 12, at 10:00 a.m. EDT for a Live Chat on high-tech and Europe's economic difficulties.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.
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