Globalisation , the World Economy and MNEs Essay - 3

Globalisation , the World Economy and MNEs - Essay Example With increased competition, changing customers and ever changing technology, the fundamental part of RIM’s strategy was to expand the global reach of the Blackberry (Gillete et. al. 2013). RIM had the following options for expansion: RIM needed to further increase its core R&D activities. RIM already had a very successful local hiring strategy in place for this. Continuing with the same and increasing the magnitude would have fit with its existing approach and was also less risky. However, in order to be a global player, it had to look for talent worldwide. Having the same source supplier for new talent would have its limitations. One way was to expand Co-op programs at Waterloo to other universities and to hire more aggressively. The bond between Waterloo and RIM was loyal and reiterating the same loyalty with the other universities could yield desired results. Like other players in the industry RIM posted job openings online but with huge job applications mapping a right candidate to the right team was a tough job. Also, the competitors had a better hiring and on boarding process. RIM lacked a formal system of managing candidates. It needed to come up with an advanced system such as Global Scouting Platform of Microsoft to find the best talent worldwide. RIM had started expanding R&D and development centers at various locations and had the option to add more locations. However, the locations had to be strategic and the cost of resources had also to be taken into account. While expanding RIM had certain selection criteria while choosing new product and development sites such as having talented individuals, universities with strong technical programs and preferred base of software and hardware companies. However, the decentralization could lead to increased bureaucracy and add to management costs of the company. In past RIM had done some acquisitions which were