1. CHAPTER 4 – CHANGES IN CANADA’S GLOBAL BUSINESS
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CHAPTER 4 – CHANGES IN
CANADA’S GLOBAL BUSINESS

2. 4.1 WHAT IS CHANGE?
BUSINESS - the manufacture and/or sale of goods and/or services to meet the needs of a marketplace and to produce a profit.
3 things that cause change in business in both domestic and international marketplace:
NEW TECHNLOGY
NEW PROCESSES
NEW ATTITUDES

3. NEW TECHNOLOGY INVENTIONS – totally new products
INNOVATIONS – modifications to an invention that take the inventor’s initial concept even further.

4. NEW PROCESSES MANUFACTURING DISTRIBUTION INVENTORY CONTROL ACCOUNTING
Just-in-time
Kanban
ACCOUNTING
MARKETING
Data Mining

5. NEW ATTITUDES
As people’s values change, their willingness to purchase certain products changes as well.
These changes could be short term or long term
Quiet often the change is initiated by technology

6. 4.2 THE GLOBAL MARKETPLACE
How have changes in technology, process, and attitude affected or been affected by our relationships with other countries???
We will examine the following industries in canada:
Automobile
Cellular communication
Information
banking

7. THE AUTOMOTIVE INDUSTRY
Intertwined with the industry in the united states
Canada-United States Automotive Products Agreement in 1965 (Auto Pact)
The switch to smaller cars that are more fuel efficient

8. CELLULAR COMMUNICATION
TELECOMMUNICATION – communication over a distance, e.g. by telephone, internet, radio, or television.
New businesses
New ways to do business
Global impact

9. INFORMATION How information is managed and used after its obtained
Acquiring, managing, and using information has brought about significant changes in the way that Canadians do business internationally.
INFORMATION AS A DECISION MAKING TOOL
How information is managed and used after its obtained

10. INFORMATION INFORMATION AS A COMMODITY PATENTS COPYRIGHTS LICENSING
JOINT VENTURES
CONSULTING SERVICES

11. BANKING Schedule I Schedule II Schedule III Lending branches
Foreign bank branches
Banking industry deregulation has made doing business with foreign countries much easier.

12. 4.3 The changing workplace
Changing nature of work - Societal shift from hunters to farmers, from farmers to manufacturers, from manufacturers to marketers, and from marketers to information managers.
The impact of globalization
New markets abroad
Import opportunities
Labour: a variable cost
The value of information
Changes in immigration patterns

13. THE NEW OFFICE The home office The travelling office The hotel office
An office in another country

14. 4.4 Stay Domestic OR Go International?
No business can be said to operate completely in a domestic arena
Why businesses choose to stay domestic?
Product Quality
Complexity, Risk and Cost
Quality of Life