Canadian Firms: Globalization's Influence, Challenges, Ventures

This report delves into the challenges and opportunities encountered by Canadian firms venturing into international markets, with a particular emphasis on the influence of globalization. It begins by analyzing economic, legal, and corporate social responsibility risks, alongside competition, labor issues, innovation failures, civil unrest, property loss, technological threats, and cultural differences. The report highlights opportunities such as greater market reach, cost reduction, and diversification of business risks. It then examines the impact of globalization on Canadian companies like Loblaw, Tim Hortons, and Barrick Gold, detailing their strategies for international expansion. Finally, it proposes a new international business venture centered on French fries, considering market demand, production advantages, and potential target markets like China and America, while also emphasizing the importance of cultural adaptation for success. Desklib offers a wealth of similar resources for students seeking academic assistance.