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Blackberry Case Study

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Submitted By camekia228
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Pages 6
Camekia Lee
Dr. Chris Gourdine
Management
July 31, 2014
Blackberry Case Study
BlackBerry was formally known as Research in Motion. Research in Motion was founded by Mike Lazaridis in 1984 in Waterloo, Ontario, Canada. The company started in a small shop above a strip mall. Lazaridis started making products that could send wireless messages to electronic signs. Major companies liked the idea. After eight long years Lazaridis decided to hire a guy by the name of Jim Balsillie. Balsillie is a Harvard Graduate with an MBA. In 1999, Research in Motion introduced the BlackBerry 850 pager. The new development was a two way paging system that could send wireless messages and emails through the network. The pager was the size of a bar of soap. The pager was considerably popular in the corporate world because it allowed businessmen/businesswomen to be able to take important messages while on the go. Between the years of 1999 through 2003 sales of the pagers hit an all-time high. During the year 2002 BlackBerry added voice calling to the BlackBerry 5810 model and the very next year releases its BlackBerry with a color screen. During the years 2004 through 2007 BlackBerry was at an all-time high. By the end of 2004 Research in Motion had more than 2 million subscribers. In 2005 BlackBerry was named 100 most influential people by Time magazine. “In 2007 RIM becomes the most valuable company on the TSX (Toronto Stock Exchange) with a market capitalization surpassing $67 billion.” (Global News and The Canadian Press). In 2007, Apple launched the new and innovative iPhone. BlackBerry took a big hit in the stock market from $149.90 per share to below $50. In the upcoming years BlackBerry seemed to not be able to keep up with Apple’s innovative iPhone or iPad. During the year 2012, both Lazaridis and Balsillie stepped down as co-CEO’s of the company. After

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