What if everything your business has been doing since its inception was flipped upside down and the complete opposite approach was enforced? This is the concept behind W. Chan Kim and Renée A. Maurborgne’s Blue Ocean Strategy, which was created based off of primary research conducted on over 150 businesses across more than 30 industries…
The Government of Canada is constantly seeking new innovative technologies to improve the function of government. Since 2012, the federal government’s Build in Canada Innovation Program (BCIP) has provided a first-procurement program that enables Canadian businesses and entrepreneurs to test and sell their innovative pre-commercial technologies to the government. This partnership bolsters the innovative abilities…
The Ontario automotive industry continues to be an intense focus for the provincial and federal governments. Commitments from both levels of government to enable innovation and create a green economy has helped to secure new investments from Canadian businesses, of whom, General Motors (GM Canada) recently announced their expansion in southwestern Ontario. As part of…
New details have been released regarding the Government of Ontario’s commitment to green energy grants and incentives for business. The low-carbon economy that is being proposed by Ontario’s government will seek to raise funds from a variety of carbon-emitting activities and reinvest those funds into the economy by supporting clean technologies. Businesses in Ontario, especially…
The Canadian manufacturing industry remains cautiously optimistic moving forward in 2016. While some sectors within the manufacturing industry are seeing rapid growth, others are stagnant or contracting due to a variety of economic and labour issues. This type of uncertainty isn’t new to manufacturing executives, but being able to plan ahead and execute growth strategies…
Disclaimer: The views and opinions expressed in the following article are those of the guest author and do not represent or reflect Mentor Works Ltd. It’s official that proper business training and development pays off for everyone – employees, employers and companies. Not only does training develop employee skills, it also has been proven to…
Recently, “innovation” has become one of the most popular buzzwords in Canadian business, politics, and the economy. While there are many definitions of innovation, it can simply be stated that innovation entails revolutions to make the subject matter faster, more efficiently, or simply better than previous version, sometimes creating a completely new product/technology category altogether….
The Federal Economic Development Agency for Northern Ontario (FedNor) provides federally sourced funds to businesses, organizations, and communities within the province’s northern regions. The agency supports the development and competitiveness of businesses to ensure the north grows and contributes toward the country’s economy. Canadian Manufacturers & Exporters (CME) also provides support to growing businesses across…
Manufacturing has traditionally required a dedicated infrastructure, production team, and resource management system. These barriers to entry have given businesses near-exclusive control over the type of products available to consumers. However, with the recent advancements in additive manufacturing, such as affordable 3D printers, consumers are now given the freedom to design and create tangible items…
The Canadian automotive industry is enjoying a surge in vehicle sales so far in 2016. Compared to March 2015, the market grew by 9.3% and saw over 175,000 light vehicles being sold last month. These types of increases are expected to remain, or even grow, further into 2016 as Canadian consumers continue to receive reduced…