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Executive Summary & Problems
In The Beginning
Lotus Development Corporation was created by Mitch Kapor, a software designer whose initial goal was to develop a sophisticated spreadsheet program. The company was founded in 1982 and its headquarters based in Cambridge, Massachusetts.
In 1983 Lotus created the first killer application, 1-2-3 DOS for the IBM PC, catapulting them into the largest software company in the world. Lotus was noted as being one of the finest franchises in their business sector.
The Rise and Fall
Up to 1983 Lotus operated in a largely college industry were only a handful of companies created killer apps such as WordPerfect.
Between 1983-1986, Lotus had created Symphony and Jazz which were the first fully integrated application programs to combine word-processing, spreadsheets, graphics, and database management. However, the market responded negatively to the introduction of these products.
During 1986, Imitation by Borland and the limited success of Symphony and Jazz prompted newly elected president Jim Manzi to approach product development in at a new angle. Jim Manzi began an acquisition program that would give Lotus, products in every applications category, ultimately resulting in Notes.
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Competition Heats Up
Competition in the industry was intense during 1990. Borland and Microsoft had both emerged as large competitors of Lotus. Each had develop duplicate versions of Lotus¡¦s 1-2-3- program. The popularity of Microsoft surprised the industry when the company introduced a bundled ¡§suite¡¨ that included its spreadsheets, word processors, graphics package, and database manager. The ...