COMMERCE 1E03 Chapter Notes - Chapter 10: Teijin, Chemical Plant, Supply Chain
19 Apr 2018
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Ignore figures: 10. 1, 10. 2, 10. 4, 10. 6 ,10,7, 10. 8. Industrial country, largest producers of forest products & focuses on natural resources. Grow when other economies are growing, retract when other economies are in recession. Factors account for difficulties in competitiveness: inadequate improvement in productivity + competition from the u. s, japan, Subsidiaries owned by foreign parent companies profits are not reinvested in canada. Research and development (r&d): work directed toward the innovation, introduction, and improvement of products and processes. Technology is know how to make use of the tools for the job. An idea might lead to an invention but it"s not innovation until its commercialized. When technological know-how is developed, sold, distributed and and used, then it becomes an innovation. Survey of innovation by statistics canada, 3 most important objectives of innovations are: improve product quality, increase production capacity, extend product range. To gain a competitive edge, canadian manufacturers have emphasized on the following:
