COMMERCE 1E03 Chapter 10: Chapter 10 - 1E03 Slides
3 May 2017
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Document Summary
Most industry is focused on natural resources and canada is impacted by u. s. , and growing economies of india and china. Challenges constant change newer technologies global competition inadequate improvement in productivity inadequate education and retraining of work force many foreign owned companies with profits being transferred to home countries inadequate spending on research and development. Canada is facing some serious challenges to its ability to remain a modern, competitive industrial country. Today"s business climate is characterized by constant and restless change and dislocation, as ever- newer technologies and increasing global competition force companies to respond quickly to these challenges. Through the adoption of newer, more advanced technologies and practices (via r&d), industries can increase their production capabilities, improve their productivity and expand their lines of new goods and services. The technological environment refers to inventions or innovations from applied science or engineering research, including processes.
