RIM/BB - Where acquisitions go to die...
I really don't understand why RIM/BB insist on buying companies rather than just contracting their services. It's sad what they have done to several of the companies/products that they have purchased, with TAT and QNX being the biggest examples.
I realize that acquisition is a standard business tactic used by everyone from Microsoft to Burger King, but no one kills an acquired product quite like RIM/BB. So I wonder why they don't just make contacts with companies rather than making the bullish move of buying them and then fail to really make something of them. Poor management? Hubris? Lack of vision and long term planning?
TAT is probably the saddest example, because it's clear that it was a management problem. The majority of the talent from TAT left shortly after RIM bought TAT and what did those talented people do? They immediately made another company exactly like TAT. What does that new company do? They do OS and development tool chain work ON CONTRACT. Why would the TAT people want to leave? Probably because of management issues, such as differences in vision, goals, management style, etc. Had RIM just contracted TAT for BlackBerry 10, chances are BB10 would have worked as well for RIM as Tizen has for Samsung, in terms of contract completion. There was no reason to gut TAT just to make BB10.
RIM / BlackBerry seem like, from the outside looking in at what they have accomplished with their acquisitions, a company that doesn't have what it takes to deserve to buy out other companies. They should really stop doing it and just contract with the companies who offer products or services they would like to use.
Posted via CB10
RIM/BB - Where acquisitions go to die...
Troy pretty much nailed it on the head. I feel like the only thing he didn't touch on was the mass layoffs. You have corporate red tape AND the hysteria around potentially losing your job. You think creative people are bummed about not having senior leadership listen, just add on some potential job loss in there to quell the innovation.
Honestly speaking, the past couple of quarters have been pretty brutal from a share price, employee, and brand perspective. I'm not even hyped about the slider anymore because it feels like JC is the only one left running the company. For you guys still working there, I hope you can tough it out and really return the brand to what it was. Chen, embrace creativity and disruptive ideas even in a turn around. Sales are definitely important but if you can't deliver on innovation and solid product reliability, software isn't going to be your saving grace, especially when competitors are giving it away for free at scale