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"I don't know if it is terrible management or just lack of crazy new ideas. I remember just over a decade ago ... Nortel was doing quite well. I remember being
by Samuel_Michon 14y ago
"I don't know if it is terrible management or just lack of crazy new ideas. I remember just over a decade ago ... Nortel was doing quite well. I remember being at a meeting when I heard Apple was taking an investment from MSFT. I thought ... wow .. that's it for Apple. They're done for. And look what happened."
In the early to mid nineties, Apple spent fortunes on 'crazy new ideas'— it nearly bankrupted them. When Steve Jobs came back, he terminated all those projects and discontinued most of the product catalog. No more PDAs, stylus operated netbooks, printers, scanners, digital cameras -- all gone.
So no, trying 'crazy new ideas' won't necessarily save RIM. Replacing all major executives and the board of directors might. That's one of the first things Steve Jobs did when he returned to Apple, and most of those execs are still with Apple now, 15 years later.
- wutbrodo 14y agoDid the iPhone not qualify as a "crazy new idea"? Certainly more so than a PDA or a digital camera?
- Samuel_Michon 14y agoSteve Jobs came back to Apple as an advisor in 1996, when the company was in trouble. That's the period we were talking about (see "Apple was taking an investment from MSFT"). The iPhone was released 11 years later, when Apple had already become an insanely successful company.
- glassx 14y ago> When Steve Jobs came back, he terminated all those projects and discontinued most of the product catalog. Woah, that was a crazy idea...