Another once-great company with a market-dominating product may be in danger of becoming extinct. This time it's Research in Motion, the Waterloo, Ontario-based maker the BlackBerry line of mobile devices. Yesterday RIM announced a $518 million quarterly loss, the elimination of 5,000 jobs and the delay for the release of the BlackBerry 10 smartphone.
These are all blows to a company that created the pioneer phone of the mobile industry.
But the turbulence isn’t the result of some recent and sudden market shift. RIM's slide can be traced to a number of missteps made by its managers over several years. Here's a look at four of those ill-fated decisions and the lessons that entrepreneurs can learn from them:
To read the full, original article click on this link: 4 Lessons Every Entrepreneur Can Learn from RIM's Downfall | Entrepreneur.com
