Textbook Notes (369,133)
Canada (162,403)
Management (865)
MGM101H5 (376)
Chapter 5

Chapter 5- The Canadian Economic Environment.docx

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Dave Swanston

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October 11 2013 Chapter 5 The Canadian Economic EnvironmentCanada and its Economic SystemBusiness prosperity and future opportunities are contingent on economic conditions at home and abroad Managers must understand how economic changes impact their businesses and establish the context for decision makingG78 Organization comprising the worlds major fully developed countries G7US Japan Germany Great Britain France Italy and Canada and turned into G78 with Russia heads meet at least once annually to discuss major economic political and societal issues in global marketMacro Analysis Trends that can or will impact the markets within which an organization competes in which managers must constantly look to see where and how their markets are changing in light of competitive influences Political Government impacts etc Economic Interest GDP Inflation etc Social Consumer behaviour demand for accountability baby boomers etc Technology Level of acceptance how it is being used etc Environmental Global warmingsea levels by 2047 large urban centers are at risk how to get countries around the world to come together to solve this Legal Laws and regulations etc Key Economic Influencers Contributing Factors to Economic DevelopmentRequirement for stability and growth of economic system is ability to support and promote current and future economic activity taking placeAbility to provide stable environment for economic growthAbility to ensure that required business and economic management systems are in place to support organized approach to economic development
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