Challenges Facing Canadian Organizations
Canada. They are the world’s largest producer of newsprint, nickel, and asbestos. Montreal, Toronto, and Vancouver are rated some of the best cities in the world. There is also Canadian Broadcasting Corporation (CBC), which bring us Canadians radio and television broadcasts the news, music, and entertainment. (Schwind, 2010, p. 3)
Even though Canada is a leader and a top competitor around the world in regards to business, resources, talent, and innovation, there are still many challenges facing Canadian organizations. In this paper I will discuss the many ways that Canada, from a business stand point and as whole, faces challenges and what we as a country are doing to rise and succeed through these challenges. There are five major challenges that are facing Canadian businesses; Economic, Technological, Demographic, Cultural, and Legal.
Economic challenges are broken down into three separate categories; surviving a recessionary cycle, facing the global trade challenge, and meeting the challenge of productivity improvement. All three of these are interrelated and I will briefly describe each section of the challenges. Surviving the recessionary cycle is a tough challenge especially for the Human Resource Managers, who are tasked with planning, coordinating and ultimately implementing layoffs. Recessions are a misfortune that affects everyone and every company, big or small. Job security and overall high morale of employees at a company are troubled as well in these hard times. The global trade industry is another issue that Canadians are facing. International trade has been critical to Canada's prosperity and growth. (Schwind, 2010, p. 5) Canada is ranked number nine in the world for exporting internationally, (Metcalfe, 2008), but per capita we export more than the United States or Japan. To face this challenge Canadian organizations are expanding abroad by opening new plants and increasing activity rates in foreign countries. This is to be closer to the customers
Even though Canada is a leader and a top competitor around the world in regards to business, resources, talent, and innovation, there are still many challenges facing Canadian organizations. In this paper I will discuss the many ways that Canada, from a business stand point and as whole, faces challenges and what we as a country are doing to rise and succeed through these challenges. There are five major challenges that are facing Canadian businesses; Economic, Technological, Demographic, Cultural, and Legal.
Economic challenges are broken down into three separate categories; surviving a recessionary cycle, facing the global trade challenge, and meeting the challenge of productivity improvement. All three of these are interrelated and I will briefly describe each section of the challenges. Surviving the recessionary cycle is a tough challenge especially for the Human Resource Managers, who are tasked with planning, coordinating and ultimately implementing layoffs. Recessions are a misfortune that affects everyone and every company, big or small. Job security and overall high morale of employees at a company are troubled as well in these hard times. The global trade industry is another issue that Canadians are facing. International trade has been critical to Canada's prosperity and growth. (Schwind, 2010, p. 5) Canada is ranked number nine in the world for exporting internationally, (Metcalfe, 2008), but per capita we export more than the United States or Japan. To face this challenge Canadian organizations are expanding abroad by opening new plants and increasing activity rates in foreign countries. This is to be closer to the customers
References: Demos, D. (2011, Feburary). The New Formula for Branch Productivity. Retrieved Janurary 27, 2013, from Novantas: http://www.novantas.com/article.php?id=303 Krotki, K. J. (2012). "Baby Boom". Retrieved Janurary 28, 2013, from The Canadian Encyclopedia: http://www.thecanadianencyclopedia.com/articles/baby-boom McCallum, J. (2000, May). "Will Canada Matter in 2020?". Royal Bank Current Analysis, Royal Bank of Canada Economics Department, p. 5. McLean 's. (1983, Janurary 17). "Our Coming Old Age Crisis". MacLean 's, p. 24. Metcalfe, L. (2008, March 2011). Economic Statistics. Retrieved Janurary 27, 2013, from Nation Master.com: http://www.nationmaster.com/graph/eco_exp-economy-exports Pyper, W. (2008, October). Skilled Trades Employment. Perspectives on Labour and Income, 9(10). Schwind, H. F. (2010). Canadian Human Resource Managment (9th ed.). (J. Cotton, Ed.) Whitby, Ontario, Canada: McGraw-Hill Ryerson.