And the example on page 84 of that book shows that with your definition of convexity we cannot say much. Let $M$ be a very sharp cone, slightly rounded. Like this, only sharper.
Let $x$ be the tip of the cone. Then $B_R(x)$ is convex for all $R$; the convexity radius is infinite. But for all other points $y$, apart from the tiny rounded end, the geodesic ball wraps around the cone before covering the tip. The closer is $y$ to $x$, the sooner this happens (until we enter the tiny rounded end). So the radius of convexity at $y$ can be extremely small.