BBB4M CHAPTER 4 – CHANGES IN CANADA’S GLOBAL BUSINESS.
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Transcript of BBB4M CHAPTER 4 – CHANGES IN CANADA’S GLOBAL BUSINESS.
BBB4M
CHAPTER 4 – CHANGES IN CANADA’S GLOBAL BUSINESS
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
NEW TECHNOLOGY
INVENTIONS – totally new products
INNOVATIONS – modifications to an invention that take the inventor’s initial concept even further.
NEW PROCESSES
MANUFACTURING
DISTRIBUTION
INVENTORY CONTROLJust-in-time
Kanban
ACCOUNTING
MARKETINGData Mining
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
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
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
CELLULAR COMMUNICATION
TELECOMMUNICATION – communication over a distance, e.g. by telephone, internet, radio, or television.
New businesses
New ways to do business
Global impact
INFORMATION
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
INFORMATION
INFORMATION AS A COMMODITY PATENTS COPYRIGHTS LICENSING JOINT VENTURES CONSULTING SERVICES
BANKING
Schedule I
Schedule II
Schedule III
Lending branches
Foreign bank branches
Banking industry deregulation has made doing business with foreign countries much easier.
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
THE NEW OFFICEThe home office
The travelling office
The hotel office
An office in another country
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 QualityComplexity, Risk and CostQuality of Life