BUS 380 - Adapting and Excelling: Canadian Businesses in Global Market

This essay examines how Canadian businesses respond to the global business environment, considering both institution-based and resource-based perspectives. It analyzes the impact of the global environment on Canadian businesses, highlighting opportunities and challenges presented by digitalization. The essay evaluates the reactions of Canadian businesses to the global environment and draws from successful international business cases to suggest tools and strategies for global entry and expansion. Recommendations are provided for Canadian businesses to achieve functional excellence on a global scale, addressing issues within current strategies and emphasizing the importance of private-public partnerships and adaptation to emerging markets, particularly in Asia. The study also points out the importance of technological adaptation, policy changes, and overcoming linguistic barriers for successful global business.

Running Head: GLOBLIZATION AND INTERNATIONAL BUSINESS 0
Globalization and International
Business
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Globalization and International Business 1
Contents
Executive Summary.........................................................................................................................1
Introduction......................................................................................................................................3
Global business environment...........................................................................................................3
Canadian businesses........................................................................................................................5
Tools and strategies for Business....................................................................................................7
Recommendations............................................................................................................................7
Conclusion.......................................................................................................................................8
References......................................................................................................................................10

Globalization and International Business 2
Introduction
This paper will include information about the responses of the Canadian business on the
global business environment. It will discuss about tools and satrapies of Canadian business for
changing in global business environment in this paper. Many Canadian businesses are developed
because of global business environment and few are got failure because of not proper response of
the global business environment. It is also depend on the strategies of the business that how they
survive and grow their business at worldwide level (Trade Commissioner Service, 2018).
Business is based on the operations of the organizations. It is also changes according to
strategies of the organization for the growth of different things, such as productivity, reliability,
services, and many more. Business is also a part in growing economy of the country. In this
paper, institution-based and resource-based views will discuss, and it will discuss about the
analysis of the present global business environment impacts on the Canadian business. It will
include challenges and opportunism for Canadian business because of digitalization in the
working environment (BDC, 2018).
Recommendation for the Canadian business will discuss in the later section of this paper.
There are so many issues in the strategies of the Canadian business environment in perspective
of global business environment. This paper includes details of Canadian business impact on the
different things at country level as well as global business level.
Global business environment
Canada is having tenth largest economy of the world. Magna International organization is
a global automobile supplier. They are best in their works and they supply parts to so many
organizations, such as Tesla, General Motors, and Ford Motor Company. Canadian business is
following the P3’s principle. It is private-public partnership. The Federal Conservative
government initiates it. Numerous factors are affected the global environment of business, such
as technology, demographic changes, population, and demand. Global business environment is
affects form the different things of other countries. It is also based on the few things, which are
political, economic, social, technological, legal, and environment.

Globalization and International Business 3
Business is depending on many things, such as economy of the country, strategies of the
business and tools used for business. It is also depending on the global business environment.
PCL is a huge organization with 4,400 employee in the field of construction across Canada, US,
and Australia (Murray , 2018).
Global business environment is having key role in all industries of the countries. It
reflects production and selling capabilities of the organization. There are so many issues from the
global business environment, such as political, economic, social and ecological issues. Changing
environment of the global business affects different industries of the small business of the
country. (Murray , 2018).
Innovations are supported by the government and it is affected form the political change
so the government. There are so many countries, which are not having proper political relations
at worldwide level. Sometimes different countries got huge losses because of less demand of the
material and services of particular things (Budget, 2018). There are so many examples in the
worldwide level. Few countries are starting their personal productivity for country level, such as
china steel production impact on the global business environment. There are so many issues
created in the global business because of political imbalance. Many industries are bases of the
others business at world level, they supply selected things and they are specific for the
productivity of that products. The entire world gets supply of those things from them. However,
they affects world business environment. These businesses are making economic conditions
better of many countries, such as they provide employment (Conceptdraw, 2018).
Urban population is also affecting the global environment of the business. As they
requires more products for stabilization and facilities for daily life and many others things.it is
good for global business. Steel manufacturing companies are having so many benefits from
urban population. Social behavior is also make changes in the global business environment. It
requires many things, such as oil, gas, automobile, and domestic appliances (Crane & Matten,
2016).
Technological changes are affecting the global business environment. Numerous
industries are based on the innovations and advancement of the technologies. It is also depend on
the obsolete technologies. Those technologies are maximizing the production in the industries at

Globalization and International Business 4
huge level (IC, 2018). Technologies are affected form all the sides of the business, such as
health, social, employment, and environment. Technologies are base of an industry on this time.
All the industries are using management information system for managing all the operations of
the organization. There is a basic need of managing different works of the organization, such as
payroll, human resources, and production (Chesbrough, 2010).
Legal environments are also affecting business of different industries. There are so many
restriction and legal laws for the industries and their business. It is about employee’s safety and
health at the industry. This is a big concern of the industries at the world level. It is also expected
that all the industries fulfill all the legal conditions and policies in the favor of employees as well
as organization.
Environment is one of the most concerns of the organizations and international agencies.
Global warming is a big issue in front of all the industries. Industries are strictly following the
policies for saving environments from the different parts of industries, such as global warming,
natural resources. There are many organizations, which provide data about the environment and
different issues related to the natural resources. There are so many things for moving their
business workflow (Hoey, 2018).
Canadian Businesses
Canadian business is required approval from government and it is having rule and
regulations form global business environment. Many organizations follow code of conducts for
their business process for growth of organization (Conceptdraw, 2018). Digitalization is
changing so many things in the business of private and public sector industries. There are so
many changes in the production, delivery system, and service because of technological changes.
Canadian government is supporting this thing for growing their economy at global level. It is
also good for industries that they grow with the help of technologies, which are they adopt for
different operations. As an example, banks are adopting online banking with high cyber security
(Hutt & Speh, 2012).
Canadian Government is changing in many things for enhancing their businesses at
global level, such as relaxation in hard rules for stabilization of industries, Easy process for

Globalization and International Business 5
increasing business. Those changes are already leading to an impact because the Canadian
authorities are figuring out the reality of global business environment (Guttman, 2018). It is the
only manner to fulfillment of requirements of the business. It is used at the huge level in the
medium and small industries and it provides feature a shared vision for the Canada. It is used for
additionally benefiting of the specific pursuits for all the industries (Crane & Matten, 2016).
It is also beneficial to be talked about Canadian subculture and exchange. It has come
below global scrutiny and the government has found out the significance of having an open
marketplace. In addition, in this regard the Canadian authorities are likewise worried about the
truth that what precisely the result would be with these changes of global commercial enterprise.
In a message from the Minister of Canadian embassy, that worldwide change will move above
on this competitive technology. It is miles very essential for Canada to maintain challenging
from their strategies of business. In fact, the government’s financial action Plan of next year
become build on the global trade approach of consulting with Canada’s non-public zone to
discover new markets. It is also affected form their strengths, weakness and opportunities
(Canadian Trade Commissioner Service, 2018).
In relation to exchange of business strategies of Canada towards global commercial
enterprise, the Canadian government realizes the fact that it is miles very critical to have private
sector have more competition. This is because of the truth that the private corporations accelerate
trade and international business. It is also helpful in making sure sustainable monetary
improvement. It affects the economy of the country. This sort of a set up similarly ensures that
suppression of poverty within Canada and the sector takes this problem. The Canadian
government is running to shift their traditional set up into emerging business process
(Chesbrough, 2010). It makes certain changes that the non-public region consisting of large and
medium organizations. They take active component in the development of dreams and they gain
them. It is consequently far from the need of hour to develop new partnership and mobilize the
Canadian economic system. Online business is more preferable in present era. Every
organization is having their website for their business at world level (Faber, 2018).
However, there are sizable gaps within the industries because of the fact the private and
public sectors are not in synchronization with other businesses. Moreover, it is also being
realized that the Canada is buying and selling as of now faces several challenges. There are

Globalization and International Business 6
different reasons for these issues. It is not always giving same significance to all the sectors in
the equal basis. Based on truth, it has been mentioned that the country is pretty restrained to
their technique in phrases of buying and selling. Buying and selling is required different
strategies for handling market. As an example, it offers a number of focuses to automobile and
resource based totally enterprise, while ignoring many things in the market (Trevino & Nelson,
2016).
Canada additionally trades using large amount with America. It does not have appropriate
import/ export with different countries. Similarly, it is affiliated to important organizations and it
does no longer deliver probabilities to small agencies. Consequently, it is neither vague nor
faulty to factor out that Canada in spite of getting an advanced personal region. It is not always
having the ability to make use of their capacity nicely for growth of business. It does not have
proper equipment and rules to inspire a symmetric private- public partnership in terms of
exchange and international commercial enterprise ( Callaghan, 2018).
Tools and strategies for Business
There are so many strategies for enhancing business. There had been numerous studies
and conclusions of Canadian attitudes and technique to enhancing business at the worldwide
level. It became located that there are several boundaries in Canadian attitudes in relation to
global business environment. It is a basic thing to increase business of country in which makes
relationship better from other countries for enhancing their business. Canadians also apprehend
the significance of Asian countries with China and India emerging as superpowers ( Capri,
2017).
However, they nevertheless do not need to attention on Asia because of their lack of
experience with Asian countries and misconception of the monetary improvement. It is taking
their region for business. We are in a crucial situation in which maximum of the trading activities
and international commercial enterprises are transferring their consciousness to the Asian
markets (Business Women in International Trade, 2018). However, Canadians need to live with
constrained of nations. Moreover, this works as one of the worst downfall of Canadian trading
business as it indicates that the Canadians are pretty close to their technique (Weiss, 2014).

Globalization and International Business 7
Few businesses are hold up with traditional strategies of trading. Further, there also are
linguistic limitations to be located with Canadian business. They are no longer capable of
discover the proper strategies for improvement of business at global level. As an example,
Germany would love to talk business from their personal neighborhood representative rather than
someone from down south. This is a same condition for all other countries ( Callaghan, 2018).
Recommendations
Those are a few guidelines in terms of global business and global change that could assist
Canadian business keep for buying and selling. The first and the most being thing is that Canada
should revise their antique rules and regulations for buying and selling businesses. It must use
personal area, which include massive, medium and small businesses. It takes their assist in
addressing the new markets and their potential. Canada ought to increase robust management
that would support Canadian businesses inside the global markets. Every business is having risk
because of financial conditions (Export Development Canada , 2018). Therefore, the alternate
regulations of the Canadian government need to be aligned with exporters and manufacturers of
private sectors. Moreover, Canada has to introduce worldwide legal guidelines and regulations
in order to that it may compete with the world. Canada can make a new silicon valley, as they are
increasing their businesses all over the world ( Herman, 2018).
It affects the buying and selling sector of Canadian business. It is an advice for Canadian
business process of buying and selling enterprise is to have free trade negotiations. It is crucial
to prioritize the get entry to the global markets. It is helpful for develop international trade with
specific countries. The country should now negotiate with local, multilateral and bilateral
agreements that cut down out the non- tariff and tariff limitations in the trading commercial
enterprise. Canada is having a face in the global business according top 100 business companies
of Canada ( Woodward, 2018).
Canada should negotiate market get entry to and trade in international markets with tax
agreements and funding projection especially with Europe and Asia. Moreover, it has to also
outline and virtually increase new strategies to improve their business process members. The
next important recommendation for Canada is to reinforce their exchange policies by way of
making sure the effectiveness of a degree. It will beneficial for the producers and exporters in

Globalization and International Business 8
Canada. The country should additionally enforce their Intellectual property rights protections and
prohibit trading of counterfeit items. There are so many impacts on economy of Canada because
of small business (Canada Revenue Agency, 2018).
Conclusion
It is concluded form the last parts of this paper that, business is affected from different
regional and global environment reasons. They are also a part of their country as well as they are
also affect global environment. In this paper challenges and opportunities was discussed in
previous parts of this paper. It is also concluded that, Canadian business is also affecting from
global business environment. In this paper tools and strategies of business was discussed with the
help of examples. There are so many facts for successful business and one of the reasons is
global business environment.
Many industries are growing because of global business environment, such as steel
industries. This paper also includes recommendations for Canadian business improvement. It is
also conclude about the analysis of the conidian business and global perspective. There are many
things discussed about the Canadian business and their dependencies. Canadian business was
required a few things to manage their industries, such as political issues, social environment,
economy, and technical changes.
It is concluded about the utilization of the different satrapies by the Canadian business
and they made dramatically changes in the global business environment. They are excellent in
the business field at world level.
Finally, it is concluded that Canadian business is growing based on global requirements
for many things. They build their functional excellence in the field of international agencies.
They grow day by day and make an image in front of the world.

Globalization and International Business 9
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