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The lack of unity within RIM had a significant impact on its growth and stability. The leaders of the company were engaged in activities outside of the company that sent the wrong message to investors, employees, and other stakeholders. This lack of focus and unity led to a decrease in investor confidence and employee morale, which in turn affected the company's growth and stability. The leaders' external pursuits, such as attempts to acquire NHL franchises, distracted them from the core business, leading to strategic missteps and ultimately contributing to the company's decline.
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The Kodak of smartphones, RIMs rise and fall, is an epic tale of how relationships, patents, lack of unity, and the wrong strategic plan led to the fa...
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As RIM battled scandals and a whole host of new competitors, its leaders began to engage in activities outside of the company that sent the wrong message to investors, employees, and other stakeholders. Balsillie began to pursue his dream of owning an NHL franchise. He was determined to bring a team to Canadian soil. This did not sit well with NHL executives. He had two failed attempts at acquiring teams – first the Pittsburg Penguins in 2006, and then the Nashville Predators in 2007, but it was the $212.5 million deal for the Phoenix Coyotes that ultimately sealed the coffin on his NFL dreams. "He had lots of money and celebrity, but he tried to strong-arm the league as if he was outfoxing the likes of Nokia and Palm."
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