Exploring the Business Environment in the USA and Canada
There is plenty to be proud of in Canada's corporate sector. Many analysts believe Canada has the potential to establish a strong global reputation.Canada is routinely listed in the media as "one of the best countries to do business in."
Forbes has ranked Canada fifth in the world for business, citing its low corporate tax rates and strong financial system
Canada is known for its world-class university system, which is less expensive than private universities in the US. Canada is noted for its ability to attract and retain highly educated workers. Our solid corporate reputation stems from having one of the highest education investment rates as a percentage of GDP. The desirable status is also attributed to low poverty and crime rates.
This country's favorable business climate attracts many entrepreneurs. Ernst & Young classified Canada as one of the top five nations to start a business, citing its strong entrepreneurial culture. The Ernst & Young report analyzed small businesses' tax burden, funding access, research and innovation value, and attitudes towards entrepreneurs in the business community.
There is no doubt that Canada is rapidly becoming a key role on the international stage.
However, considerable challenges do exist. Over the past two decades, there has been significant change in the Canadian corporate landscape, including bankruptcies, staff reductions, and increased foreign ownership. Is this a cause for alarm, or simply a normal evolution of business? Are we heading for the best or worst of times?
Indeed, what is ahead for Canadian businesses? To answer this question, we must first analyze the business setting and elements that influence it. To accomplish so, we must examine both the "inside" and "outside" of the business walls.
That is, we must analyze major issues and possibilities both within and outside the company.
The goal of this book is to help students achieve the following learning goals:
1. Examine the context in which all businesses function. We analyze the internal and external business contexts, identifying distinct challenges and possibilities for each.
2. Gain a better awareness of the characteristics of the Canadian business environment.
What makes Canada unique from other business environments? What are Canada's key strengths and limitations for business? What does the future hold for Canadian businesses?
3. Promote critical thinking about the nature of business and its surroundings.
This text provides concepts, viewpoints, and frameworks for recognizing and understanding major business issues.
To learn from prominent business and organizational thought leaders. The book incorporates insights from various business professors, professionals, and practitioners
The study of business is essentially the study of society. Our society relies heavily on institutions, from hospitals and schools to international corporations. It's difficult to fathom living without them. For better or worse, the institutions and organizations we grew up with are still undergoing significant changes. To effectively respond to changing business contexts, organizations must first understand the source of change.
The Context of Business studies how businesses work in both the Canadian and global contexts. The reader will learn about many views, theories, and concepts that can help them understand real-world business difficulties. This text covers important business vocabulary and topics, but focuses on helping students build critical thinking skills. Our goal is to provide students with tools to examine "what's going on out there" in the "real" business world, including frameworks for discussion and concepts.
The Context of Business aims to expand your understanding of the business world. There is plenty to learn and be proud of in Canadian business. As a member of the Canadian workforce, you should be interested in the future of Canadian industry. This book aims to encourage critical thinking and serious reflection on the future.
Strengths and Features of This Text
This material departs significantly from traditional introductory business textbooks. This essay stands out by emphasizing three essential areas, as mentioned below.
Emphasizes Critical Thinking Skills
The Context of Business will serve as the framework for an introductory business course, introducing students to both internal and external company environments. This article aims to analyze corporate organizations and their issues in the Canadian environment. The goal is to offer students with insight into the Canadian business environment and encourage critical thinking about organizational management and leadership in the face of current issues. This book stands out from other introductory business courses by emphasizing critical thinking skills.
We provide concise descriptions of the "mechanics" of business challenges, including economic and political aspects. Our goal is to engage students and encourage critical thinking. Students will be inspired to raise questions about corporate operations and environmental effect. We ask key questions to better understand the Canadian business landscape, such as the level of rivalry across industries. How has the number of telecoms firms affected consumers? How do government subsidies affect corporate competitiveness in Canada? What did the catastrophe at Lac-Mégantic teach us about corporate responsibility? These questions need more than just remembering corporate lingo.
Our approach in this text aims to help students understand and appreciate the objective of their studies in certain functional areas of business, while also developing skills for success in future courses.
Emphasis on Concept Application
Each chapter clearly defines the learning objectives for that chapter. We set hard but doable learning objectives for each chapter and provide the necessary material for students to conduct a thorough examination of the topics. Our goal is for students to apply business principles and frameworks to understand and navigate business events and difficulties.
This book aims to bring business concepts to life by applying them to real-world circumstances. This text uses contemporary business situations from the popular press to clarify principles covered in each chapter. Each chapter starts with The Business World example, which highlights relevant business topics and themes. The chapters also include real-life business illustrations, which are described in the Talking Business boxes. The material includes real-world examples that apply the topics addressed in the chapter, such as current business headlines. These resources are useful for class discussions and provide media coverage that may differ from the writers' viewpoints on business events. Instructors can utilize these mini-cases for daily class discussions instead of longer end-of-chapter cases.
Each chapter includes an end-of-chapter Case Application with questions.
These cases are likewise sourced from the Canadian popular press and are meant to allow students to apply chapter topics to real-world business scenarios. We've successfully used these cases in our classes. The instances are pretty short. While the instances are designed to focus on the subject in the associated chapter, many of the cases in this book have repercussions that extend over multiple topics.
However, integrating concepts from multiple chapters takes effort. To develop this talent, we concentrated on specific examples, which can be revisited from other chapters. The Instructor's Resource Manual offers suggestions and possible conversations for each case.
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