Reasearch in Motion, aka RIM, is a Canadian company that reached the top in its industry with its Blackberry systems. However, RIM remained static in its research and rested on its laurels. Along came another (Apple) company that disrupted their then successful business model leaving RIM clueless and now almost obsolete.
Read on for a recap of their misadventures in staying current and relevant. Don’t let your business be the next RIM. Contact Augmented Business Digital Consultants for a free consultation on how we can help you stay relevant.
Trinidad and Tobago has reported a contraction of the economy by 5.2% in 2016. Sustainability in agriculture is now a matter of survivability.
As a business owner you need to keep scanning your environment for competitors and not become complacent.
Kodak sat idly by while the digital revolution took hold with cameras. Blockbuster was overstocked with physical stock that quickly went obsolete with the advent of higher internet speeds and movie streaming.
Always be on the lookout for the next killer app because it may make your business model obsolete.
Check us at the Augmented Business Digital Consulting Group for a free consultation on how your business might fare with the 4th Industrial Revolution and how we can prepare you for it.
Technology might augment your life or your way of doing things. But as with everything else should be used in moderation.
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The real benefit of digital is the fact that it can produce new processes which annihilates old, tardy, effort driven beaureaucracies. This spells danger for many, including organization’s who have invested in brick and mortar solutions, and the natural tendency is to perpetuate the existing for as long as possible in self preservation mode. But The tsunami of the Digital Age cannot be resisted because, for the first time in a very long time, efficiency can be redefined by real reduction in costs.
Vendors in the supply chain will find themselves on the defensive, and that may bring out the best in them or the worst. The best will be defined by their embracing the change, and passing on savings, but heir worst will be defined by their resistance as their efforts are ramped up to lock the customer into old technology that hasn’t quite made the shift.
It requires a whole new mindset, but the resistance to change is strong, fueled by the need to maximize previous investments that didn’t quite see the approaching Avalanche.