Research In Motion Ltd.’s new chief executive, Thorsten Heins, discusses his ideas on how he plans to revive his firm. He does not rule out the possibility of licensing BlackBerry Messenger technology to other platforms. Mr. Heins mentions that RIM needs to take some dramatic steps to regain its lost market share in the U.S…. Read more »
Posts Categorized: Management
Learning from Kodak’s Collapse
Larry Keeley, consultant at tech.fortune.cnn.com, advises how firms must focus on innovating and developing new platforms. He suggests that the entire focus of the firm must not be on trying to grow in familiar ways. Even though Kodak knew about the rise in digital technology, it failed in its existing strategic approach to combat the… Read more »
Growth in Canadian Manufacturing
Over the past ten years, Canadian manufacturers have been able to boost employment, increase production and subsequently grow exports. This growth has been possible because manufacturers built more specialized and value added products and also because the Canadian and international markets experienced high growth. Small firms have been more successful than their larger counterparts; a… Read more »
Sony’s marketing plan
Sony’s CEO, Sir Howard Stringer’s speech at Wall Street Journal event last week compared and contrasted Sony’s achievements and goals with its admired competitor, Steve Job’s “Apple”. While Sony focuses on multiple products, Apple focuses on a few items with its main emphasis on marketing of those products. Sony has seen a consistent loss in… Read more »
From India with Money
Average household income of Canadian immigrants from India is $95,000 which is 14% more than average income of Canadians. The expenditure for Indians who have immigrated to Canada since 2006 have increased by 46%, compared to an average of 19% increase in the expenditure of Canadians. An average of 56% immigrants from India own new… Read more »
How to build a cross-Canada sales force
Enjo Canada Cleaning Inc. is a Toronto based firm that offers chemical free cleaning products and sells its products through home parties like Tupperware and Mar Kay Inc. Its present sales force of 350 consultants are targeting to a sale of $4 million this year with 85% of its sales concentrated in Ontario. In its… Read more »
Benefits of working from home
According to a survey by Workopolis, people believe they are more productive when they work from home and businesses believe they are able to retain employees longer by offering them flexible options to work from home. It is felt that working from home helps employees to maintain their work life balance and also save time… Read more »
Establishing a new business
Sean Fahey, an MBA from Florida Atlantic University, wanted to be self-employed. During his MBA he started a retail store of belt buckles, which he eventually expanded to 13 stores in the U.S. and Canada. However, his business was severely hit by recession, and in 2009, he was forced to shut down his business. While… Read more »
Using social media to promote your business
Due to the rise in internet and digitalization, the revenues of the music industry had fallen from $15bn in 2000 to $10bn in 2007. While music industry was being hardly hit by the internet, Troy Carter took Lady Gaga in his talent agency “Coalition Media”. He knew he could make her a huge star like… Read more »
RIM loses $3 billion in one day
On the back of dismal second quarter results, in which RIM reported that its profit dropped 58 per cent to US$329 million and its revenue fell 15 per cent to US$4.2 billion, the Toronto Stock Exchange and NASDAQ saw massive selling of the RIM stock. On Friday alone, RIM lost $3 billion in its stock… Read more »
