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In the telecommunication industry, Blackberry Lt. struggled in the past years with the declination of their product. As the New Year began, Blackberry announced their newest partnership with Foxcomm, a company that primarily builds and manufactures devices. Both corporations agreed on a 5-year partnership, in hopes to create the newest version of the Blackberry phone. Despite both corporation difficult times in the public eye, they hope to rehabilitate both of their image and focus more on providing efficient products for its consumers.
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The article relates to chapter 9, which evolves around business organizations and finance. Blackberry Lt. and Foxconn’s partnership will allow them to work on the newest blackberry phone and accept either profit and losses, depending on how the consumers react to it. Both corporations hope to focus only on their main incentive, despite the instability of their sIhares in the stock market or past events that affected their public image. Fortunately for both companies, if the agreement does not work out there is limited liability meaning only the amount they invested in would be liable.
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