AFM131 Lecture : AFM 131 chapter 10.1
26 Jun 2018
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Chapter 10 AFM 131
Canada today
Canada is large industrial country with major industries: forestry, aluminum, auto, aircraft, oil,
natural gas, coal, metals, minerals
Focused on natural resources
Experience significant growth when world economies are growing
Offset by large retraction when world economies are stagnant/in recession
US and developing third world economies (China, India) have dramatic impact on Canada
Challenges Canada faces to remain modern and competitive industrial country:
Inadequate improvement in productivity
Relentless competition from US, Japan, Germany, China, India
Inadequate education and retraining programs for workforce
“brand plant economy” profits mostly returned to foreign-based companies
Not enough money spent on R&D
Federal government’s innovation strategy will focus on R&D to improve competitiveness
Research and development: work directed toward the innovation, introduction, and improvement
of products and processes
Adoption and dissemination of innovative technologies and processes vital to economic growth and
development
Science, Innovation, and Electronic Information Division (SIEID) has piloted more surveys that focus
on the importance of innovation
Through innovation, new products are introduced in the market, new production processes are
developed and introduced, and organizational changes are made.
Survey of Innovation’s most important objectives of innovation:
Improve product quality
Increase production capacity
Extend product range
Decline in corporate spending in R&D
Financial crisis in 2008-09
Drop in manufacturing and increase in service industry
Canada’s evolving manufacturing and service base
Foreign manufacturers captured huge parts of North American markets for basic products over past
two decades (ex. Steel, cement, machinery, farm equipment)
What have Canadian manufacturers done to gain competitive edge over foreign firms?
Focusing customers
Maintaining close relationships with suppliers and other companies
Practising continuous improvement
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Document Summary
Canada is large industrial country with major industries: forestry, aluminum, auto, aircraft, oil, natural gas, coal, metals, minerals. Experience significant growth when world economies are growing. Offset by large retraction when world economies are stagnant/in recession. Us and developing third world economies (china, india) have dramatic impact on canada. Challenges canada faces to remain modern and competitive industrial country: Relentless competition from us, japan, germany, china, india. Brand plant economy profits mostly returned to foreign-based companies. Federal government"s innovation strategy will focus on r&d to improve competitiveness. Research and development: work directed toward the innovation, introduction, and improvement of products and processes. Adoption and dissemination of innovative technologies and processes vital to economic growth and development. Science, innovation, and electronic information division (sieid) has piloted more surveys that focus on the importance of innovation. Through innovation, new products are introduced in the market, new production processes are developed and introduced, and organizational changes are made.
