business environment and strategic management: strategic analysis of rimm
TRANSCRIPT
Business Environment and Strategic Management
Strategic Analysis of RIM WORD COUNT: 3000 (excluding references and appendices)
Contents
1. Introduction....................................................................................................2
2. Analysis of the current business environment affecting the industry............4
2.1. Analysis of industry’s macro-environment: PESTEL analysis...................4
2.2. Analysis of industry’s micro-environment: 5 Forces..................................5
2.3. Opportunities and Threats...........................................................................6
3. Analysis of the company’s strategic capabilities...........................................7
3.1. Value chain..................................................................................................7
3.2. Resource based view and dynamic capabilities..........................................8
3.3. Strengths and Weaknesses...........................................................................8
4. SWOT analysis and key issues.......................................................................9
5. Evaluation of possible future strategies for the company...............................10
6. Implementation of strategic change................................................................11
7. Conclusion…..................................................................................................11
Appendices ….....................................................................................................13
1. PESTEL….......................................................................................................13
2. Porter’s Five Forces….....................................................................................14
3. Value Chain………………………………………………………………….15
4. SWOT…..........................................................................................................15
References …......................................................................................................16
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1. INTRODUCTION
Founded by Mihalis "Mike" Lazaridis, Jim Balsillie, and Douglas Fregin in 1984, Research
in Motion (RIM) is a telecommunication and wireless equipment company. RIM’s current CEO
is Thorsten Heins who took this position after the stepping down of its former co-CEO’s Mike
Lazaridis and Jim Balsillie in January 2012. RIM is currently a Canadian-based engineer,
producer and advertiser of solutions and wireless devices for the global mobile communications
exchange, headquartered in Waterloo, Ontario, Canada. RIM has offices in various locations
such as Latin America, Europe, North America, and Asia Pacific. Investors can find RIM listed
on the Toronto Stock Exchange (TSX: RIM) and the NASDAQ (NASDAQ:RIMM).
Throughout the growth of services, software and unified hardware, RIM renders solutions
and platforms for continuous connection to information, comprising short message service
(SMS), voice, Internet and intranet-based applications and browsing, e-mail, and instant
messaging. RIM technology also enables an array of third party developers and manufacturers to
enhance their products and services through software development kits, wireless connectivity to
data and third-party support programs. (CrunchBase, 2012) The company is divided into three
fundamental strategic business units (SBUs): Software & Other, Services, and Hardware. RIM
sales to an assortment of customers, but RIM’s main customers are the wireless carriers (i.e.
AT&T, Sprint, and so on). RIM sells software, HSPA+ and iDEN devices, UMTS/HSPA,
CDMA/Ev-DO/Ev-DO Rev A, and GSM/GPRS/EDGE, to these wireless carriers. Rim also sales
tablet devices, which are furnished with proprietary software to wireless carriers.
RIM falls in around third place behind Samsung and Apple in the Wireless Communications
Industry. The customer segment has many competitors and customers require high quality
devices and an extensive amount of apps that RIM does not currently have. While RIM targets
business professionals, high income earners, and innovators Samsung and Apple appear to target
everyone regardless of the consumer’s profession and income capacity. RIM is far behind when
it comes to the mobile communications arena whether it is design, or sales.
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The major products for RIM’s three strategic business units are BlackBerry wireless solution,
billings, non-warranty repairs, sales of accessories, and non-recurring engineering development
contracts.
Because RIM is an international company, although its
headquarters is based in Canada, it assembles and sells its
products and services around the globe. RIM’s primary
markets are, sequentially, outside of United States, United
Kingdom and Canada, the United States, United Kingdom,
and Canada. (RIM, 2012)(Table 1)
The majority of Rim’s primary revenue streams come
from their hardware business unit, which are sales from their
BlackBerry wireless solution that embodies sales of
BlackBerry Play Book tablets, BlackBerry handheld
devices, and software and services. The top earner for RIM
is still sales from their hardware unit, which makes more than half of the total revenue. (RIM,
2012)(Table 2) The main customers in RIM’s order book for the mobile phone industry are
wireless carriers and end-users.
As of the end of the second quarter of the financial year
2012 closed, RIM’s revenues were $4.2 billion, a reduction
of $453 million in comparison to $4.6 billion in the second
quarter of the year 2011. With net income of $329 million, a
reduction of $468 million in comparison to $797 million in
the second quarter of the year 2011. However, prefatory
results for 2012 show that the augmentation of $232 million
embodied $105 million of fees in relation to the employment
of the RIM’s cost optimization program in the second
quarter. This decrease primarily reflects an increase in the
Company’s operating expenses in the amount of $232
million as well as a decrease of $443 million in the Company’s gross margin, partially offset by a
decrease of $206 million in the provision for income taxes. (RIM, 2012) This report will view
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Research In Motion Ltd. 2012 Sales-
geographical distribution
% of total
Sales outside of United
States, United Kingdom
and Canada
56
United States 27
United Kingdom 10
Canada 7Table 1. Distribution by geographical sector (from RIM
at
http://www.rim.com/investors/documents/pdf/financial/2
012/Q2_FY2012_Financial_Information.pdf)
Research In Motion Ltd. 2012
Sales-geographical distribution
% of totals
Hardware 72.6
Services 24.1
Software 9.9
Other 1.4
Table 2. Distribution by industry (from
RIM at
http://www.rim.com/investors/documents/p
df/financial/2012/Q2_FY2012_Financial_In
formation.pdf)
data from 2009-2012 and will try to sum up the preeminent factors persuading survival of the
company’s hardware unit in years 2012 - 2015. This report will also assess strategies that RIM
could impose in the next three years and feasible employment techniques.
2. ANALYSIS OF THE CURRENT BUSINESS ENVIRONMENT AFFECTING THE
INDUSTRY
The organization started manufacturing for the mobile industry in the late 1980s giving up
some of their earlier work in industry automation activities and digital wireless devices became
RIM’s primary source of revenue. Due to the fact that the sales and competition within the
wireless mobile industry are global, this report is not going to be limited to the analysis of just
one specific locale. The only way to scrutinize the threats and opportunities within an industry,
an analysis of micro and macro environment has to be employed. A macro-environment connotes
every force and agency that is independent to a business itself. (Lancaster, n.d.) A micro-
environment connotes many components that an organization has governance or that which the
organization may utilize to accumulate intelligence that can help an organization in its
operations. (Lancaster, n.d.) RIM has problems but support from one of the world’s most
powerful people who is a steadfast BlackBerry aficionado, the President of The United States
Mr. Barack Obama. (Hartley, 2012)
2.1. Analysis of industry’s macro-environment: PESTEL analysis
Tax changes, new laws, trade barriers, demographic change and government policy changes
are all examples of macro change. (Gillespie, 2007) When a macro environment analysis is
implemented management may be pursuing to retort the inquiries of “the growth of this sector as
a whole will be affected by what” and “is the growth of this sector likely to be impacted by
everything that affects it?” (What Makes a Good Leader, n.d.)
PESTEL analysis (Appendix 1) is an extremely good technique in evaluating the trends and
factors that influence the macro environment, which has been transformed and developed over
the years since the middle of the 1970s. The PESTLE analysis is in result an analysis of a
company’s environmental persuasions with the objective of utilizing this intelligence to help lead
management’s crucial decision making. (CIPD, 2012) The procedure, though not perfect because
all the trends cannot be put into these classes: legal category, socio-cultural, economic, political,
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technological, or environmental. Now and then these groups are also too straightforward and too
unrestricted (could be visualized retroactively rather than in present positions) and do not exhibit
connections amid interrelationships between these groups. Though, as stated earlier, PESTEL
analysis is straightforward so it can be employed to perceive significant factors on a much larger
scale.
Within the international telecommunications industry, political controversies are significant
as governments in different countries respond differently to multinational organizations entering
their country. Regardless of present economic turmoil, many governments are trying to clutch
any possible prospects to aid in the regrowth of their nation’s economy.
On top of that, due to the present financial recession coming to its end, this industry is
forecasted to rise by over 36% an increase of 16% from its 2008 projections by the year 2015. In
spite of the fact that it is more difficult to elude uncertainty and to battle for market share, if
more channels to strategic partnerships open up this may make investments lower uncertainty.
Although, oscillating currency exchange rates position international organizations in risk of
squandering capital on their global transactions.
As to socio-cultural factors, there is a cultivating trend for structural upgrade (infrastructure).
Other trends are emerging like embedded SIMs, machine-to-machine (M2M) connectivity, and
multiple SIMs and devices per person. This means that because the world’s population is
growing larger there is a growing necessity for more new technologies and discoveries of better
ways to communicate quickly.
After analyzing the macro-environment of the telecommunications industry, this report shall
now view the micro-environment.
2.2. Analysis of industry’s micro-environment: 5 Forces
To analyze the micro-environment a number of different frameworks could be used,
nonetheless, the five forces framework is the one mostly used. This model attempts to analyze
the attractiveness of an industry by considering five forces within a market. (Gillespie, 2012)
When using this model knowing no model is perfect consideration has to be taken due to certain
situations this model cannot be altered equivalently. When a company has a conspicuous
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understanding of where the power is, the company could take an unprejudiced preference of a
position of vigor, ameliorate a stance of fragility, and elude engaging in reprehensible
maneuvers. (Mind Tools, 2012)
The Five Forces analysis implemented (Appendix 2) reveals that the combative opposition
within the telecommunications industry is high. This industry has extensive amount of
competition, all having vast amounts of experience and long industry existence.
The threat of entry for this industry is extremely low due to the quality of current companies.
As stated above, Samsung, Apple, and RIM are very established and have extensive track
records. Thus gaining entrance into this industry would necessitate plenty of unwarranted
competence in the field of mobile engineering and so on. Over the last few years there has been a
flooding of new mobile phone developers hitting the markets with newer and better mobile
devices.
The threat of substitutes is kind of medium because there are very few substitutes for the
mobile phone industry. Some substitutes for this industry are email, Skype, land lines, and
computer connections etc... Another substitute is a 2-way radio (walkie-talkie) which is still
preferred when it comes to the work place and communicating to more than one person at a time.
The bargaining power of buyers is high, because there are many buyers within the mobile
industry. The products are highly extraordinary and every company is extremely qualified to
provide the buyers in the adequate quality and quantity the buyers want.
The bargaining power of suppliers are low because there is a large number of suppliers and
the buying company has the choice of choosing which supplier they want to work with.
After analyzing the micro-environment of the telecommunications industry this report shall
now view the opportunities and threats within the telecommunications industry.
2.3. Opportunities and Threats
The primary opportunities for RIM’s hardware unit in the anticipated future encompasses
several issues. One of the issues is the eminent demand for more technologically advanced smart
phones: with new designs, bigger screens, better cameras, better screen interactions, faster
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connection speeds, less dropped calls, normal updates, and so on, which would bring RIM up to
speed with the rest of the mobile industry. Rim has other opportunities to expand their brand to
other countries for they are only in a few countries to date. The expansion into developing
market is developing countries will expand RIM’s brand.
The primary threats for RIM are that the industry is expanding quickly and the demand for
engineers for telecom is also expanding. RIM will struggle to discover unparalleled talent when
these engineers become very limited. RIM is only targeting a few key customers, while
competition is augmenting at the same time; additional combatants are entering in the smart
phones industry. This alone will hurt Rim because these new competitors will have to grasp hold
of someone’s customers so why not that of a company who is already declining. Another threat
for RIM is their lack of products and their dependency on a few key products. These few key
products are not bringing in enough to offset the decreases in other areas and they have no
backup cash cow products.
3. Analysis of the company’s strategic capabilities
This is the part of the report where internal analysis will be employed to scrutinize the
company. Every kind of analysis has its own limits for the simple fact that an analyst might see
evolutions that have a positive impression on a company’s operations, but the analyst might not
conceive why it happened. The best way to probably analyze strategic capabilities is to identify
core competencies, which embodies the whole organization and not just the SBU. This analysis
will incorporate an inspection of the value chain of RIM and then the report will view the
capabilities and resources that can be distinguished from this analysis. This analysis will also
reveal RIM’s strengths and weaknesses to give a better understanding of their position and what
can possible be done to better help RIM.
3.1. Value chain
With all the resources RIM has it can exploit them to earn an advantage competitively.
Inherently, the resources that RIM has will be used in this VRIO analysis (Appendix 3) and
categorized into four groups, technical resources, operational, business, and marketing.
Many of RIM’s resources originate from the simple fact that RIM was the first force in
the mobile smartphone market, and ergo has important capabilities and resources due to its
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familiarity in this industry, its organized relationships with its large customer base, corporate
customers, and as well as its carriers and distributers. One could say that RIM is a pioneer in the
mobile smartphone market. (Hamad, Lawson, & Radi, 2002) The brand of RIM is also a
leveragable and valuable resource that aids RIM in selling to both prosumer users and business.
In this industry the BlackBerry system is perceived as the most secure mobile smartphone
system. Rim charges license fees per subscriber as a source of revenue for RIM’s Blackberry
Enterprise Server software. Rim created this software, which also provides RIM with a
competitive recognition because it was fitted specifically for BlackBerry devices.
Ultimately, RIM has other resources that encompass the closeness of its headquarters to a
Research Center called Davis Computer, rendering RIM with an unwavering flow of interns. The
closeness of this research center renders Rim with entrance to research, an illustrious academic
faculty, and RIM’s organizational culture that inspires innovation, creativeness and hard work.
3.2. Resource based view and dynamic capabilities
A company that is fighting for a competitive advantage or for their survival as it is since the
economic crisis would use the Resource Based View (RBV). This model assesses the internal
environment quite well, but the framework presupposes that if these components are described
and registered, RIM can execute competitive advantage by just knowing the components.
Set on the basis of the value chain analysis, the following characteristic capabilities could be
renowned. Firstly, RIM combines joint distribution and internal development. RIM has the upper
hand on its competitors by having their own enterprise server which produces the most secure
mobile system in the industry. RIM went up a notch from just delivering smartphones. RIM’s
ability to deliver mobile information sharing fast and quicker than their competitors is permitted
because of exceptional R&D. However, Samsung and Apple are not able to imitate this because
the knowledge rolling out from RIM is implied that leads to distinctive fortuitous vagueness for
them.
3.3. Strengths and Weaknesses
One of RIM’s strengths is that it has strong assets within and that is why they are producing high
technology products. Rim is an established brand in a few advanced countries. RIM’s products are
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unique, innovative and have great qualities that aid them in retaining their current customers and
attracting new ones. RIM has a strong culture that makes their employees happy to be working
for RIM. RIM has a brand that has loyalty behind it and RIM prevails at having the securest way
for companies to utilize mobile information sharing. RIM’s financial statements illustrate that
their exceptionally healthy and can afford to employ new strategies and establishing new
acquisitions. RIM’s BlackBerry has a longer than average battery life cycle that RIM’s rivals
does not have as of yet. With an uncomplicated keyboard the BlackBerry comes in a smaller
form than that of its rivals. RIM’s BlackBerry possesses patents for QWERTY keyboard and the
thumbwheel it displays on its device. RIM’s BlackBerry has a major reach in a vast amount of
countries. In the mobile atmosphere RIM’s BlackBerry is a leader in e-mail management.
RIM is concerned more with research and development which is accountable for high
expenditures. This is not good for any company. RIM only targets a select few customers which
is risky because as the competition increases this may lose RIM’s customers to their competitors.
RIM aims at niche market so their products are priced very high. The business model for RIM
(utterly vending by operators) denotes that RIM is subservient on the company’s operators when
launching the services for BlackBerry. (Team Zebra, 2009) This way of doing business is very
timely and the expenditure of the launch can be very expensive for operators of a small capacity.
RIM’s products are high-end products particularly the BlackBerry that is extremely expensive
for business firms that need to equip email for their whole organization(s). BlackBerry’s rivals
already market a lower price in comparison to RIM’s BlackBerry. On the topic of carping
applications, RIM’s BlackBerry products struggle. Third-party software is where RIM’s
BlackBerry is lacking an extensive amount of storage and for many people RIM’s BlackBerry’s
e-mail utility is its main feature.
4. SWOT analysis and key issues
The SWOT table (Appendix 4) sums up strengths, weaknesses, opportunities and threats
around RIM’s hardware unit and defines key issues to contemplate on for their survival among
competitors within their industry:
Is RIM able to develop new hardware to address the feedback from customers
complaining about newer device models?
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How can RIM stop competitors from moving in on their market share?
How can the hardware unit expand with the industry in order to recoup some of their
market share?
5. Evaluation of possible future strategies for the company
One way to address the issues located above attained from the internal and external analysis
that were employed, so a few options will be drafted and examined. This part of the report will
go on the basis of Ansoff’s Matrix (Ansoff, 1957) and Porter’s Generic Strategies.(Porter, 1980)
Neither framework is perfect, i.e. Ansoff’s Matrix does not tell the analyst what steps are needed
to undertake to complete the strategy and it is all about growth, which some companies might not
be able to achieve at the time.(Richardson and Evans, 2007) The generic strategies model does
not illustrate the dexterity of RIM to unite its resources and capabilities in order to go through
with the rendered strategies. The options will also be assessed whether they meet the suitability,
acceptability and feasibility criteria. (Johnson, Scholes and Whittington, 2005)
Recommendations
RIM should integrate touch devices in their product line to keep up with the masses that are
already employing this tactic. RIM is playing catch up but not moving at this point due to their
low end device design that has not changed in multiple years. Rim has to come up with a new
design to be able to play in the market with its competitors since technology is an industry of
innovation. On top of a new design RIM should employ a policy of releasing OS and new
hardware once a year because their competitors are releasing hardware once or twice a year and
RIM is missing in action. RIM’s loyal customers have not enjoyed a good release in a while
now; this release would bring them joy.
RIM has an app store but it is not up to par with the majors in the industry such as Apple and
Android’s Google Play. RIM should take advantage of their Android emulator since they will
play catch up in the evolution of the app store trend. App developers will flock to a familiar
place where they can make money so RIM is not that place currently and for a while to come. So
instead of playing catch up RIM should just join Android’s Google Play Store and have
developer’s creating apps for BlackBerries.
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RIM should think of marketing in other countries to gain a leadership role in the production
of smartphones for professionals. RIM should invest in advertisements in other countries to
display their products in the language of that country. The ads should cater to the professionals in
that country specifically.
RIM should continue to make strategic changes to RIM’s senior management team
The recommendation that should be chosen by Rim is the integration of the touch screen with
the new design. This is to keep BlackBerry in the game with its competitors.
6. Implementation of strategic change
The first step for RIM should be branding. If RIM positions itself to be the leader in
smartphones for professionals in different nations like Indonesia, China, and India by
advertisement investing. The following step would be to partner with phone service providers in
those nations for helpful and less costly promotion. RIM will gain more global recognition and
divulgement, and would ultimately lead to plausible prosperity. The final step would be for RIM
to achieve operational superiority. RIM should also stay on the path of changing up management
for the best fit for the organization and their new strategic direction of growth. (Heins, 2012)
RIM has to rid itself of unnecessary heads that cannot aid in the future direction of the company,
such as management that have no new ideas. This change will make RIM’s loyal customers
happy and loyal. RIM will gain market share back from its competitors who have constantly
been grasping more and more market share since the first iPhone. With these new
recommendations cost could be cut from many different directions and put to more designs and
Bonuses to employees for new ideas. As of now RIM seems to be stuck in the past. With these
changes RIM would see changes throughout the media and they would become the new kids on
the block all over again. With the implementation of strategic change RIM could attract a much
larger share of the market (Team Zebra, 2009) Many of these implementations of strategic
change can and will aid in RIM’s independence from leaning directly on distributors and carrier
partners. RIM’s implementation of strategic change could aid them in reaching a broader
customer base instead of the usual professionals they target. (Team Zebra, 2009) To gain more
market share RIM has to think outside the box and view things with a broader perspective.
7. CONCLUSION
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In conclusion viewing the performance of RIM in their most recent years, their forecast and
the internal analysis for the telecommunications industry, it implies that RIM has room for
flexibility and can adapt to changes if needed. RIM has enough experience in creating
acquisitions and partnerships in order to set them up for success as well as using what they have
internally. The capabilities, resources, and consciousness of the necessities for continuous
improvement RIM is able to surmount any obstacles to fight for their survival against
competitors in the mobile phone industry. So an organization like RIM is worth investing for the
future because they have a strong background.
APPENDICES
Appendix 1. PESTEL analysis of mobile telecommunications industry.
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Political
The governments in different countries are trying to be extremely helpful towards
organizations that want to do business in their economy, thus, bringing more jobs to the locals of
that country. Governments change laws to accommodate those businesses who want to expand in
their country.
Economic
Since the world’s economic crisis the demand on products and services lowered a little
bit. This crisis has also brought upon the world high unemployment rates and a reduction in the
amount of disposable income.
It is also forecasted that this industry will rise by over 36% an increase of 16% from its 2008
projections by the year 2015.
Socio-cultural
This factor is slightly created by the trends in the mobile communications industry. If
there would be a decline in this industry there would be a definite decrease in purchases devices.
Even though, there is an expected rise in mobile phone usage, thee wrong devices will not get
increase in market share.
Technological and Environmental
Both of these factors are strongly intertwined because of the overriding trend to become
environmental friendly. Everyone is asked to contribute to making the earth more greener so
technology has to be enhanced and developments have to take place to do this.
Legal
The legal factors are compounded with the environmental, political, and technological factors
(i.e. government and environmental laws)
Appendix 2. Porter’s 5 Forces analysis of telecommunications industry.
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Threat of competition- high, because there are many competitors, they are experienced and have
been around for a while.
Threat of entry- extremely low, due to the quality of current companies and their expertise in the
telecommunications industry. Thus gaining entrance into this industry would necessitate plenty
of unwarranted competence in the field of mobile engineering and so on.
Threat of substitutes- medium, because there are very few substitutes for the mobile phone
industry. Some substitutes for this industry are email, Skype, land lines, and computer
connections etc...
Bargaining power of suppliers- are low because there is a large number of suppliers and the
buying company has the choice of choosing which supplier they want to work with.
Bargaining power of buyers- is high, because there are many buyers within the mobile industry.
The products are highly extraordinary and every company is extremely qualified to provide the
buyers in the adequate quality and quantity the buyers want.
Appendix 3: Value Chain
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Primary Activities
Support Activities
(Cox, et al., 2011)
Appendix 4: SWOT Analysis
Strengths Weaknesses
Growing brand image
Comprehensive offerings
Robust financials
Dependence on few
Customers
Issues with product supply
Opportunities Threats
Positive outlook for
smartphones
Expanding brand more internationally
Increasing competition
Involvement in legal issues
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