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Canadian Business, Competitive Forces, Economics Forces, Technological…
Canadian Business
Organizational structures
Inside
Labour
worker maximize income, business maximize profits
contribute with talent to create goods and services
Leadership
how organizational life operates
Structure
planned network organization at different levels
Strategy
Decision to pursue key tasks
managers
decisions making
Deliberate planned network
relationship that exists among individuals
Outside
Economic forces
unemployment
inflation
interest rates
GDP
Global Forces
international in nature
integration of world
globalization of markets
consumer preferences around the world
Technological Forces
how organizations functions
obtains resources
how effectively organization competes
Competitive Forces
competitors in the same industry
Societal forces
influences in society
changes in public opinion
law governing fairness in the workplace
Political forces
trade barriers worldwide
laws and taxes
Sustainability
Preserving environment for future generations
Relation 3P's
Profits
Planet
People
Challenge of Change
First "learned"
learned how to recognize the need of change
Organization learning
adapt to the environment
learn from employees
contribute to community
Forces
Competitive Forces
Economic growth
New equipment to improve production
Foreign competition
Pressure for environmental concerns
Economics Forces
Banks
Well regulated
Office of the Superintendent of Financial Institutions
Well capitalized
Hold sufficient reserves to cover loans or losses
Well managed
Six largest banks "Big six"
CIBC
RBC
Scotiabank
TD Bank
BMO
National Bank of Canada
less competitive
small to compete globally
system is too regulated
Depends on GDP
Unemployment has dropped
Technological Forces
Natural Resource industries diversity
employment
Global Forces
United States presence
Agreement with U.S. and Mexico
Societal Forces
Good public education
create productive and innovative business environment
Political Forces
Mixed system
government involved role
income taxes
capitalist economy