AFM131 Chapter Notes - Chapter 10: Statistical Process Control, Enterprise Resource Planning, Operations Management

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM131
• Professor: Robert Sproule

Document Summary

Canada"s biggest industry is focused on natural resources: good growth in good times, and retraction in recessions, dramatic impact on canada when things happen in us, india, and china. Challenges: rapid changes in technologies and increasing global competition, lagging productivity increases compares to other countries, branch plant economy problem. A lot companies opened in canada are foreign subsidiaries. Profits not re-invested in canada, going back to parent country: lack of research and development expenditures, stronger canadian dollar, kills advantage of exporting to us. Need to focus on r&d more to remain competitive. Research and development: work directed towards the innovation, introduction and improvement of products and processes: along with related organizational change and its communication. Objectives of innovation: improve product quality, increase production capacity, and extend product range: vital to economic growth and development. Top corporate r&d spenders: rim, bce, ibm, magna, amd. Recently, foreign manufactures took over a huge market share in manufacturing.