January 15, 2015
Update: An unsubstantiated rumour on May 11 2015 that Apple could be interested in acquiring all, or part, of BlackBerry caused the Waterloo-based company’s stock price to skyrocket.
Yesterday I explained that BlackBerry is facing its biggest challenge yet as it looks to turn the business around: an increasing number of people, including once loyal users, appear not to care. Shortly before the markets closed yesterday a report surfaced claiming Samsung had approached the Waterloo-based company about a takeover. The share price rocketed before falling back in after hours trading as the approach was denied by BlackBerry.
It’s another demonstration of a company’s future [and stock price] is in the hands of others. The fact that the only people who appear interested in BlackBerry are investors, looking to make a quick buck on M&A rumours, rather than a long-term recovery of the business through selling products customers – it has been reported the company is having trouble winning back corporate customers] want to buy then it reinforces the point I made in my earlier post.
The company has lost control of its own destiny. It is at the mercy of its news agenda. It cannot control [I would argue it is unable to define a clear brand or value proposition] its own destiny. It’s the last place a company ever wants to be and it appears not to know how to regain control.
What do you think? Do you agree or disagree? Tell me in the comments below.
Startup and SmallBiz PR and marketing tip: whatever you do, retain control of your brand and its perception. When a third-party has control your business is almost certainly doomed.