Part 8/12:
Mike Lazaridis co-founded Research In Motion (RIM), which produced the iconic Blackberry. However, the company failed to adapt to the rapidly changing smartphone market, particularly after the iPhone’s release in 2007. This miscalculation led to a steep decline in Blackberry’s market position, forcing the company to eventually abandon its flagship product. Lazaridis’ oversight of RIM's declining relevance serves as a notable example of how innovation can be hindered by complacency.