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1. Ambition and determination are key: Balsillie's story shows that having a clear plan and being determined to achieve it can lead to success. He set high goals for himself and worked hard to achieve them.
2. Embrace your underdog status: Balsillie believed he was an underdog due to his working-class background and lack of connections. Instead of letting this hold him back, he used it as motivation to change the world.
3. Be prepared for challenges: Balsillie's story also shows that success doesn't come without challenges. Entrepreneurs should be prepared to face and overcome obstacles on their path to success.
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As he grew into an adolescent, he became enamored with Peter C. Newman's tale of the Canadian wealthy upper-class, The Canadian Establishment. "What Balsillie really wanted was to be someone." Ever ambitious and dogged, he created a three-part plan for himself. First, he would enter an elite undergraduate institution. Second, he would land a good job in accounting at the firm Clarkson Gordon, and third, he would graduate from Harvard Business School. Though lofty, Balsillie succeeded on all three fronts. Through his pursuit, however, Balsillie was never truly able to hide what he believed was his "underdog" status. "In Balsillie, (college classmate) Wright saw someone who was determined to change a world he believed was stacked against people who shared his working-class background and lack of connections."
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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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