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Rim's Research In Motion

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Research in Motion (RIM) is known as a multinational telecommunications establishment which is responsible for designing, manufacturing and marketing the wireless solution for the telecommunication and mobile markets, especially its Blackberry lines. (Burr, Rothaermel, & Urbina, 2013) RIM was first founded and owned by Mike Lazaridis in 1985 and Jim Balsillie had joined the company as a co-chief executive later in 1992. The company was seriously affected by the launch of iPhone in 2007. (Burr, Rothaermel, & Urbina, 2013) The market share of Blackberry has been dropped from 20% to 5%. (Burr, Rothaermel, & Urbina, 2013) In 2011, RIM’s stock price significantly dropped by 75 %, following with the launches of a collective of lukewarm products, and declines in share. Following the resignation of many shareholders, the two founders, Mike Lazaridis and Jim Balsillie, then have been replaced and RIM has been taken over by Thorsten Heins. (Burr, Rothaermel, & Urbina, 2013) According to Heins, the current issues that RIM is facing have nothing to deal with the original strategic plan, and it is all about marketing and communication. (Burr, Rothaermel, & Urbina, 2013) Also, to prove for his points, Heins has emphasized on the significant improvements at RIM which is debt free and holding $2.9 billion cash on hand. (Burr, Rothaermel, & Urbina, 2013) Heins has predicted the big turnaround for RIM will happen at the moment that the Blackberry 10 launches into the market. (Burr,

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