IBUS 3511: Globalization's Impact on Canadian Businesses Report

This report, prepared for IBUS 3511, examines the impact of globalization on Canadian businesses. Part A analyzes the challenges and opportunities faced by Canadian firms entering foreign markets, including financial, political, and cultural risks, alongside opportunities such as business threat modification, consumer contact, and cost reduction. Part B explores the influence of globalization on specific Canadian businesses, including Goldcorp, Shoppers Drug Mart, and La Belle Province, detailing their global entry strategies and benefits. Part C proposes a global business venture: an e-commerce craft store in China, highlighting the opportunities in the Chinese market. The report concludes by emphasizing China's potential for e-commerce and the overall prospects for Canadian businesses in the global market, supported by references to relevant literature.

Running head: INTERNATIONAL BUSINESS
INTERNATIONAL BUSINESS
Name of the Student:
Name of the University:
Author’s Note:

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Table of Contents
Part A:-.............................................................................................................................................3
Challenges and Opportunity of Canadian Business.........................................................................3
Opportunities:-.............................................................................................................................3
Business Threat Modification:-...............................................................................................3
Different consumer Contact:-..................................................................................................3
Minimum Cost:-.......................................................................................................................4
Challenges:-.................................................................................................................................4
Financial Threat:-.....................................................................................................................4
Political Hazard:-.....................................................................................................................5
Cultural Threat:-......................................................................................................................5
Part B:-.............................................................................................................................................6
Influence of Globalization on Canadian Business...........................................................................6
Goldcorp:-....................................................................................................................................6
Shoppers Drug Mart:-..................................................................................................................7
La Belle Province:-......................................................................................................................8
Part C:-.............................................................................................................................................9
Proposal of Global Business Venture..............................................................................................9
Business Venture:-.......................................................................................................................9
Available Opportunities in Foreign nations:-..............................................................................9
Conclusion:-...................................................................................................................................10
References:-...................................................................................................................................11

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Part A:-
Challenges and Opportunity of Canadian Business
The rapid progress of developing markets and the development in communication, data
and technologies have adapted the global markets' arrangement in the previous few periods.
Canadian industries may face several prospects and challenges though entering into global
markets that are specifying in this first part of the report.
Opportunities:-
The several prospects recognized for Canadian businesses expanding or entering global
markets are as follows,
Business Threat Modification:-
The commercial risk involved in functioning any market also decreases by arriving into
overseas markets. A business threat indicates that possible risk that action may unsuccessful and
if a business is entirely dependent on one nation, from supply and market viewpoint, natural
tragedies, political or negative financial factors in Canada can cause remarkable action (Bégin et
al, 2016). Consequently, the arrival in worldwide markets supports them to access innovative
markets and control in several economies that decreases the disappointment of the process
because the industry is functioning in several markets.
Different consumer Contact:-
Canadian companies arriving in global markets have the chance to participate in a more
expanded atmosphere and access new clients. Canada is grading at 0.65% of the entire

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population of the universe. Selling and delivering facilities and imports to other 94.35 % would
be very valuable and pleasing for Canadian businesses.
Minimum Cost:-
Additionally, offshoring has developed a predominant denotes to try to decrease the
budgets. In this way, Canadian industries can transfer their corporate action to alternative
country, and new processes can be forming in other nations like China that suggests inexpensive
labour and can support to decrease expenses. Several enterprises can increase cost-benefit by
presenting and vending their goods and improving sales capacity can lessen their average and
entire production costs.
Challenges:-
Several prospects are presented to the businesses when they enter in universal markets
like business threat modification, different consumer contact and minimum Cost. The however
successful global strategy also carries specific terrifying challenges counting political dangers,
financial risks, cultural threats, sponsoring and access to markets.
Financial Threat:-
The Canadian businesses can face by arriving into universal markets is the financial
hazard that mentions to the possibility of the state's financial strategies and environments,
safeties, property moralities, currency altercation rates to unfavorably influence the firm
operations. The administrators of the businesses might have to face remarkable contests due to
the financial threats because of the impulsiveness of markets.

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Political Hazard:-
Political hazards mention to as the prospective for management trouble and interruption
with business to harm a professional entity inside a nation (Chorne, 2018). Arriving into new
markets can create a contest to the companies because of the political uncertainty of worldwide
markets, soldierly takeover, and terrorist insurgency are the threats and challenges that Canadian
companies can face while arriving into universal markets. The unstable administrations linked
with these difficulties and uprisings make it problematic for the enterprises to plot it for
upcoming. Additionally, the overtax controls and new guidelines are too a challenge for the
Canadian enterprises arriving into global markets.
Cultural Threat:-
The artistic risk mentions to as per the potential of the operation of the enterprise to fight
due to the modifications in standards, customs, languages, client favorites, and further cultural
issues (Gentina et al., 2014). These execute a dare for Canadian businesses arriving in worldwide
markets.

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Part B:-
Influence of Globalization on Canadian Business
Goldcorp:-
It was a gold manufacture organization headquartered in Vancouver, Canada. Goldcorp
hired about 16400 persons worldwide, involved in gold mining including extraction, exploration,
and reclamation and processing. It is a considerable business authority and their business
spreading to Mexico to central and South America ("Homepage - Newmont Corporation", 2020).
The US Region donates more than 70% to the gold manufacture of the business organization.
The worldwide businesses entry approaches for the business is a partnership. They create
connections globally with mining businesses and the fundamental partnership structure also
backings the company partnership ("Homepage - Newmont Corporation", 2020). Goldcorp is
building their partnership principles strong by elevating the leaders to proprietors, and a
combined record is also announcing and shared with the depositors and followers that support
the long term policy of the business organization.
This organization likes to profits globally that contain the universal expansion, rise in
incomes, and access to fresh clients, improved sales capacity, expanded threats, and development
of their agendas delivers the corporation with a robust brand image (Brown, 2014). The
globalization services that upkeep their victory contains the faultless policies of the business
counting the thoughtful understanding and devotion to the impression of continuing and
increasing partnerships and faith with the limited public, host administrations, native persons,
non-government organization and others. Understanding the values of the nations in which it is

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increasing and recognizing the reasonable advantage as the biggest gold mining company of the
universe.
Shoppers Drug Mart:-
It is a Canadian trade drugstore chain founded in Ontario, Canada. It has more than 1,500
shops working under the labels Shoppers Drug Mart in nine outlying areas and two regions and
Pharmaprix in Quebec ("Health, Beauty, Pharmacy, and Convenience | Shoppers Drug Mart®",
2020). The business delivers beauty, pharmacy and health, common commodities, grocery,
luxurious gifts and commercial facilities in Canada. It is a considerable business that also
provides domestic substances, baby goods, dress, and other amenities.
Shoppers Drug Mart functions in some sections including Trade, and Economic
Facilities. The trade section works in food, pharmacological, and other goods sectors ("Health,
Beauty, Pharmacy, and Convenience | Shoppers Drug Mart®", 2020). The Selection Properties
Section lets copes and keeps commercial assets; and the Economic Segment proposes reliability
outlines, credit card facilities, other monetary facilities.
The global industry entry styles for Shoppers Drug Mart are the trade supplies,
authorizations and further stores over which it can work globally. The several benefits held by
the business by collaborating and universally increasing contain the product traceability,
increased efficiency, safety from the global events, and learning from the global markets'
developments (Belkhamza & Wafa, 2014). The critical success features for global functioning
are the sensitivity to changes, crucial assessment of worldwide moves, keeping presentation, and
active approaches made by the business. That contains the well-being of the clients, respect, care,
superiority and answerability and pledge of the company and its workers towards the clients.

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La Belle Province:-
It is a famous restaurant in the area of Quebec, Canada. It is also identifying as Belle Pro,
LB, LBP, La Belle Pro, BP, and La Belle as nicknames. Every locality is self-reliant contracted,
and some are open every time in a day ("Menu, Succursales, Promotions et Franchises -
Restaurants La Belle Province", 2020). Further, the business is also developing to increase into
the Asian market. For fast food, the company keeps 82% of the Canadian markets, and for fast
food markets, the business saves 59% of the Canadian markets. It is a significant universal
enterprise that does the corporate sector in Canada.
The universal industry entry methods for La Belle Province are the restaurants, fast food
centre, and cafes ("Menu, Succursales, Promotions et Franchises - Restaurants La Belle
Province", 2020). The several profits appreciated by La Belle Province by universally
functioning is its brand responsiveness, active brand image, the fewer threat of down falling,
better sales capacity and incomes (Gottschall, Gultek & Heroux, 2018). Additionally, the crucial
success aspects for working are diligent plan execution, understanding, and adjusting according
to the excellence and culture that they offer.

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Part C:-
Proposal of Global Business Venture
Business Venture:-
E-Commerce Business has been rising worldwide with active telecommunication
activities and progresses in IT. In 2017, universal E-Commerce deals amounted to 5.712 trillion
dollars globally that are predictable to rise to 6.729 trillion dollars by the year 2020
(Subramanian et al., 2014). The Canadian Businessperson, developing to secure the profits of
this increasing market and expansions by inaugural an Online Craft Store in China ensuing the
chances that this region delivers in Worldwide as well as in the national market of Chins (Jie et
al., 2015). All craft decorations counting, handbags, dolls, stoles, bags, jewelry etc. Shoes and
clothes will be made accessible on the official web network for kids, female and male. The aims
of initiating this supply in china are comprehensive in the next part of this report.
Available Opportunities in Foreign nations:-
China is one of the nations which has a significant portion in universal E-Commerce
sales. Even the tendency of online shopping in China has the leftward US behind, which has
prepared the biggest country of online shopping. In 2017, China had 150 million e-commerce
customers, which have enlarged to 625 million by the finish of 2019. It took about an era for web
shopper base to increase from 300 million to 200 million. Another client base of 220 million was
extra to e-commerce in the next two to four years, and the total client base has intersected 300
million.
Additionally, the Chinese nation is one of the largest banking card operators throughout
the world. The use of network over mobile has also been enhancing concerning the growing

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smartphones uses. Everybody knows that China is one of the most prominent technologies
involving a country around the world. The users of mobile internet were 190 million in March
2016, which has better 257 million before the end of July 2017 and these are projected to rise to
354 million by a finish of 2018-2019 (Liu et al., 2015).
Furthermore, China State has been compelling creativities to upkeep the development of
E-Commerce Sector in the nation. The Chinese Government has declared to propose free 4Mega
byte broadband obtainability to all Chinese people, which is expected to more rise the internet
use in the nation and is an essential chance for probable e-commerce traders.
Conclusion:-
Every feature has prepared China land of prospects for E-Commerce Dealers as these
aspects pose an excessive chance for inaugurating e-commerce marketing store. The possible e-
commerce shop will mark mainly increasing good client base, to improve and raise its market
stake with the entire market growth. The new commercial venture would also raise its target
client base by executing exact shopping application for internet operators.

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References:-
Bégin, L., Constantinidis, C., Halkias, D., & Laroche, D. C. (2016). Canada: Gender and Culture
in Father–Daughter Succession in the Family Business: A Canadian Case Study. In
Father-Daughter Succession in Family Business (pp. 227-238). Routledge.
Belkhamza, Z., & Wafa, S. A. (2014). The role of uncertainty avoidance on e-commerce
acceptance across cultures. International Business Research, 7(5), 166.
Brown, S. (2014). Undermining foreign aid: The extractive sector and the recommercialization
of Canadian development assistance. Rethinking Canadian Aid, 277.
Chorney, H. (2018). Amnesia, integration and repression: the roots of Canadian urban political
culture. In Urbanization and urban planning in capitalist society (pp. 535-563).
Routledge.
Gentina, E., Butori, R., Rose, G. M., & Bakir, A. (2014). How national culture impacts teenage
shopping behavior: Comparing French and American consumers. Journal of Business
Research, 67(4), 464-470.

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Gottschall, R., Gultek, M., & Heroux, L. (2018). Similarities and Differences in US and
Canadian Restaurant Marketing Strategies: A Cross-Border Analysis of Menu Offerings.
Journal of Tourism and Hospitality Management, 6(1), 1-8.
Health, Beauty, Pharmacy, and Convenience | Shoppers Drug Mart®. (2020). Retrieved 17
January 2020, from https://www1.shoppersdrugmart.ca/
Homepage - Newmont Corporation. (2020). Retrieved 17 January 2020, from
https://www.newmont.com/
Jie, Y. U., Subramanian, N., Ning, K., & Edwards, D. (2015). Product delivery service provider
selection and customer satisfaction in the era of internet of things: a Chinese e-retailers’
perspective. International Journal of Production Economics, 159, 104-116.
Liu, Y., Li, H., Peng, G., Lv, B., & Zhang, C. (2015). Online purchaser segmentation and
promotion strategy selection: evidence from Chinese E-commerce market. Annals of
Operations Research, 233(1), 263-279.
Menu, Succursales, Promotions et Franchises - Restaurants La Belle Province. (2020). Retrieved
17 January 2020, from http://restaurantlabelleprovince.com/fr/accueil/
Subramanian, N., Gunasekaran, A., Yu, J., Cheng, J., & Ning, K. (2014). Customer satisfaction
and competitiveness in the Chinese E-retailing: Structural equation modeling (SEM)
approach to identify the role of quality factors. Expert Systems with Applications, 41(1),
69-80.