Research In Motion (RIM) is making news for all the right reasons as of late – a sharp contrast from a short year ago. All of the reviews I’ve been reading thus far suggest that RIM’s new BlackBerry 10 is above and beyond expectations. The software technology has even been described by some as disruptive. Though the stakes remain high for both RIM and investors alike, strong prospects of a successful product launch are definitely encouraging.
Success will certainly help to re-establish RIM as a leader in a highly competitive smart phone market that they themselves created and at one time dominated. The competitive aspects of smart phones tend to focus as much, if not more, on technology than price. RIM’s BlackBerry 10 is poised to introduce radical changes to both hardware and software as depicted in the many “leaked” pictures and videos.
The number of available “apps” always seems to be a point of contention and a measure of “acceptance” by tablet and smart phone developers and users alike. Although the number of apps for the new BlackBerry 10 continues to grow at a rather astounding rate, I was even more encouraged to learn that RIM is more interested in quality not quantity.
Success will also give cause for many to reflect on RIM’s rebirth along the way. As I’ve mentioned in previous posts, Apple was once in a very similar position. Unlike Apple, however, there is no “Microsoft” to help RIM to get back on their feet. Perhaps, through all of this, RIM has already re-affirmed that some of life’s lessons we were taught growing up bear a greater significance on our future successes than we would have thought otherwise.
- Focus – Strategy, vision, goals and objectives
- Patience is a virtue – You can’t rush success
- You have to believe it to see it – Stick to your vision
- Don’t give up – Persistence to succeed, resistance to failure
- No Noise – Eliminate distractions (real or perceived)
Lean execution is not a term I would use to describe RIM’s journey leading up to the launch of the BlackBerry 10, especially after missing several launch dates already and stumbling for what seemed to be months to even commit to the new launch date of January 30, 2013. However, that they even survived this past year of turmoil does say something about the culture of the company and the people who work there. The vision for the BlackBerry 10 remained as the focal point for hardware and software development despite a significant management shakeup, a substantial decrease in market share, loss of shareholder confidence, and rapidly declining stock prices.
A shift in marketing strategy and providing incentives for software developers around the globe has certainly helped RIM to promote and create what is touted to be the “next big thing” to hit the smart phone market. I think the vision, drive, and spirit to survive are the real underlying factors that sustained the company through the worst of times by focusing on what will bring the best of times. If the launch of the BlackBerry 10 is as successful as hoped, I’m sure many others will also look beyond the product and delve into the culture at RIM that brought the BlackBerry and the company back to life.
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Until Next Time – STAY leanFollow @Versalytics
- RIM rises to highest level in almost a year as Apple stumbles (business.financialpost.com)
- RIM stock jumps 10% over BlackBerry 10 Hype (blackberryscoop.wordpress.com)
- Leaked BlackBerry 10 screenshot shows Voice Control; RIM’s shares soar 10% (phonearena.com)
- RIM shares climb on optimism about new BlackBerry lineup (business.financialpost.com)
- RIM’s Developer Bribery Is Working (gizmodo.co.uk)
- As Apple Tanks, RIM Is Up Another 8% So Far Today (RIMM) (businessinsider.com)
- Transition Versus Change – 2013 (leanexecution.wordpress.com)
- Apple-opoly: It’s Not a Game (leanexecution.wordpress.com)
- RIM shares continue remarkable turnaround (cbc.ca)