Chapter 9: CANADA AND INTERNATIONAL BUSINESS Fundamentals of International Business Copyright © 2010 Thompson Educational Publishing, Inc CHAPTER 9: Canada and International Business

Chapter 9: CANADA AND INTERNATIONAL BUSINESS Fundamentals of International Business Copyright © 2010 Thompson Educational Publishing, Inc. Key Terms  tax credit  Smart Border Accord  Human Development Index (HDI)  productivity  telecommuting

Chapter 9: CANADA AND INTERNATIONAL BUSINESS Fundamentals of International Business Copyright © 2010 Thompson Educational Publishing, Inc. Chapter Objectives By the time you finish this chapter, you should be able to:  Describe Canadian companies that are leaders at the international level and those industries in which Canadian companies have had international success and analyze the reasons for their success  Evaluate the factors currently affecting the international competitiveness of Canadian businesses  Explain how Canada can attract foreign investment  Explain how Canada’s cultural diversity contributes to its competitive success in international business continued on next page

Chapter 9: CANADA AND INTERNATIONAL BUSINESS Fundamentals of International Business Copyright © 2010 Thompson Educational Publishing, Inc. Chapter Objectives, continued  Analyze the impact of international business activity on Canada’s economy  Describe how the state of Canada’s economy affects international businesses operating in Canada  Analyze the ways in which the workplace, occupations, nature of work, and working conditions in Canada have changed as a result of the growth of a global economy

Unit 1 Overview – CANADA’S ADVANTAGE Chapter 9 – Canada’s Competitive Advantage Culminating Activity for Unit 1 – Unit Test Thursday, October 1st Chapter 9 – Foreign Investment in Canada

Competitive Advantage  Switzerland: ________________________  Japan: _____________________________  Sweden: ___________________________  United States: ________________________________________ ________________________________________ Chapter 9: CANADA AND INTERNATIONAL BUSINESS Fundamentals of International Business Copyright © 2010 Thompson Educational Publishing, Inc.

Competitive Advantage  A product that a country of company is better at producing than its competitors.  Advantages based on:  Technology  _________________________________________________  Marketing  Management  Quality  _______________________________________  Productivity  Warranty  Service Chapter 9: CANADA AND INTERNATIONAL BUSINESS Fundamentals of International Business Copyright © 2010 Thompson Educational Publishing, Inc.

Canada’s Competitive Advantages  Lumber  ___________________  Blackberry  ___________________ What else is there???? Chapter 9: CANADA AND INTERNATIONAL BUSINESS Fundamentals of International Business Copyright © 2010 Thompson Educational Publishing, Inc.

Chapter 9: CANADA AND INTERNATIONAL BUSINESS Fundamentals of International Business Copyright © 2010 Thompson Educational Publishing, Inc. Canada’s Competitive Advantages Canada’s Banking Industry  Industry is dominated by the “__________________”: Royal Bank of Canada, TD Bank, CIBC, National Bank, BMO, and Scotiabank  Canadian banks are larger and have greater _________________ than European and American competitors  Canada’s banking system is tightly ________________ by the federal government  Designed to handle ups and downs of the business cycle

Chapter 9: CANADA AND INTERNATIONAL BUSINESS Fundamentals of International Business Copyright © 2010 Thompson Educational Publishing, Inc. Canada’s Competitive Advantages Canada’s Banking Industry  Canada has profitably exported its banking expertise around the world  Four of the ten largest banks in North America, measured by assets, are Canadian  _____________________________ has more than two thousand branches in fifty countries

Chapter 9: CANADA AND INTERNATIONAL BUSINESS Fundamentals of International Business Copyright © 2010 Thompson Educational Publishing, Inc. Canada’s Competitive Advantages Canada’s Cultural Industry  Includes publishing, theatre, visual art, music and film  Provides employment for skilled workers  Is a growth industry—Canada’s exports of cultural products doubled between 1997 and 2006  To attract foreign investment, the government is offering a tax credit

 ____________ ____________  ____________  2012  __________________  Elektra  Glitter  Happy Gilmore  The Notebook  Paycheck Movies Filmed in Canada

Chapter 9: CANADA AND INTERNATIONAL BUSINESS Fundamentals of International Business Copyright © 2010 Thompson Educational Publishing, Inc. Canada’s Competitive Advantages _______________________ A sum that can be deducted from the amount of tax owed by an individual or business. For example, to draw film and television production to British Columbia, the provincial government offers a _________________________ __________________________________________

Chapter 9: CANADA AND INTERNATIONAL BUSINESS Fundamentals of International Business Copyright © 2010 Thompson Educational Publishing, Inc. Canada’s Competitive Advantages Canada’s Technology Industry  To allow businesses and individuals to stay connected across Canada’s large ____________________ area, excellent communication technology is a necessity  One of Canada’s great success stories is the ___________, developed by Waterloo-based Research In Motion(RIM)  Canada also has a strong software industry  Digital media industry—focused on gaming, special effects, animation, and simulation products for entertainment and health industries and the armed forces—employs over ___________________ people

Chapter 9: CANADA AND INTERNATIONAL BUSINESS Fundamentals of International Business Copyright © 2010 Thompson Educational Publishing, Inc. Canada’s Competitive Advantages

Cirque Du Soleil 1.How did Cirque du Soleil start? 2.Describe the Cirque du Soleil shows. 3.Explain why Cirque du Soleil is easily exportable. 4.How does Cirque try to appeal to an international audience? Chapter 9: CANADA AND INTERNATIONAL BUSINESS Fundamentals of International Business Copyright © 2010 Thompson Educational Publishing, Inc.

Chapter 9: CANADA AND INTERNATIONAL BUSINESS Fundamentals of International Business Copyright © 2010 Thompson Educational Publishing, Inc. Insert video – Cirque du Soleil

Canadian Companies Chapter 9: CANADA AND INTERNATIONAL BUSINESS Fundamentals of International Business Copyright © 2010 Thompson Educational Publishing, Inc. IndustryCompany Name Description of Company / Product Why do you find them interesting? 1EntertainmentCirque De Soleil A dramatic mix of circus arts and street entertainment. Love their shows – have been to two now and love the performance. 2 3 ** Research two Canadian companies that you find interesting and research the following details…be ready to share with the class tomorrow.