Report on Issues in Global Business and Strategic Concepts in Canada

This report provides an overview of Canada's economy, examining various factors that influence its growth and stability within the global business environment. The report delves into key aspects such as the globalized economy, political economy, international trade, regional economic integration, foreign direct investment, and the impact of culture. It analyzes the challenges and opportunities presented by these elements, including the importance of corporate social responsibility, technology development, economic development, and ethical considerations. The report highlights government policies, trade agreements, and investment trends, offering insights into the current state of Canada's economy and providing suggestions for companies to navigate the complexities of the business landscape. It emphasizes the need for strategic decision-making and risk management in a rapidly changing global environment. The report concludes with a discussion of the ethical principles that should guide business practices in Canada.

Issues in Global Business
and Strategic Concepts

Executive Summary
This report is to give an idea about the growth of the Canada's economy and how it helps
to a country. Project discusses the Canada economy. By analysing the different aspects of the
business people are accountable to expand the economy. Here we analyse the political economy,
globalised economy, Cross border trade, regional economic integration, culture and direct
investment in the foreign countries.
There is some critical points that the government should focuses on the forecasting of
expenditure of the country. Through various features of the report we make an idea of the
position of an economy and gives some direction to the companies with many suggestions.
Current position of an economy gives some idea to control the risk of any country. A country
have many key issues which we discuss here.

Table of Contents
Executive Summary.........................................................................................................................2
INTRODUCTION...........................................................................................................................2
Part 1................................................................................................................................................2
Globalised Economy........................................................................................................................2
Political Economy............................................................................................................................2
International Trade:..........................................................................................................................3
Regional Economic integration: .....................................................................................................3
Foreign Direct investment:..............................................................................................................3
Culture:............................................................................................................................................4
PART 2............................................................................................................................................4
Corporate social responsibility: ......................................................................................................5
Technology development:................................................................................................................5
Economic development: ..................................................................................................................6
Ethics:..............................................................................................................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Canada is an economy where many global activities are dependent upon each other.
There should be the process to make organisation environment successful between the many
countries. There must be the ability to solve the problem and develop the decision-making
process. By addressing many issues there must be a approach to balance the economies with the
global business process. Evaluate the business practices and awareness in the cross border
activities. In the world economy Canada is the second largest country by improving the effective
chain making. Canada is growing in many sectors by making member of many trading blocks.
Canada is the member of the Organisation for Economic Co-operation and Development
(OECD) and the Group of Eight (G8). Government are making various rules and policies to
develop their plans and strategies.
Part 1
Globalised Economy
Economies are growing by making their trade globalised and developing their market
plans. Global economy faces various challenges in promoting growth in trade and sustainable
development. Businesses will adopt strategies to maintain long-term economic growth by way of
variety of organisations. It combines the business of private and public enterprises. By the way
of developing the social welfare system it decreases the inequalities in social and economic
behaviour. Companies are making various trade from various countries by way of production and
services. Canadian companies increase their trade relation by focusing on the exploration and
expansion in America, Africa and South East Asia. From last many years, GDP has increased
and in the year 2012, the level of the output and employment exceeded high by 3.4% and 2.3%.
By spending on research and development, it declined by over 25% during the period of
recession. Industries increasingly focuses on the production in mining and oil and provides
growth in the GDP. By changing the production level in industry it contributes to movements in
growth. Housing starts fairly to average the growth and unit per year
Political Economy
A country economy involves strength and weakness by showing various approaches and
theories. It is the system of Government in Canada where many political policies are followed.
There is interrelation between the state, capital and labour in Canada to explore structure.
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Through World trade organisation and NAFTA it creates an economic interrelation with the
countries by exporting and importing products. There are many policies and monetary services
which creates a business orientation environment. Various political institutions would
substantially affect production and distribution at the national and international levels. The
worlds' economy makes changes through various process to strength their economy and it gives
a great impact on all world economy. There are various opportunities to make enlarge the
country.
International Trade:
The economy concentrates on investment of projects which gives advanced
manufacturing to a business. Canada economy provides to many opportunities by which they
help to making various trade agreements. To make a country top investment in market where the
cost of a business is low and high skill development and able workforce. Canada exports equal to
one quarter of GDP and supplies more than 50% of our imports to successfully trade with US.
Size of economy creates a high growth in the overall business. To create a high investment in the
businesses, there should be the best project to make the effective growing product. By lack of
infrastructure, it increases cost and decline the power of economic growth. There can be various
risks for a country to trade at the international level. Various economic mismanagement, failure
to safeguard the policies and risk to the businesses are several risk which are faced by the firm.
Regional Economic integration:
Countries making an agreement with other member country to transact the goods and
services between them through decreases various barriers to them. American free trade
agreement involves Canada, Mexico and United States which gives positive impact on the
countries. It creates environmental impact by agreement between the parties. It gives an
economic benefit to the country through measuring the GDP. NAFTA is one of the most
effective agreements to boost economy through agricultural flows. It affects member and non
member countries through their welfare. Canada's welfare decreased by 0.06% by reduction in
tariff and increment by 11% Canada's intra bloc trade.
Foreign Direct investment:
Many companies or individuals are coming to a foreign country to make the investment
in the form of establishing business. Canada GDP growth slows 0.6% in Q4. Canada net direct
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investment doubled in the year 2015 by $236.8 billion. The investment increased the investment
position in the country increases 31.0% to $448.5 billion. The finance and insurance businesses
gives a big role in increases the direct investment abroad. Many companies can grow their
manufacturing power which was up 20.4% to $119.3 billion and increases day by day. The value
of Canadian direct investment calculated by the Canadian dollar at the end of the each period.
European union has great control on global trade which more benefits to the Canada.
Culture:
Country to help it development and grow that retain their cultural identities, customs
and traditions. The effect of concentration of population, employment and production power
develops the rivalry and disparities in quality of life. There are many events promoted by the
government and it considers to promote the traditions. By exploring opportunities and
information service available with cultural policies and objectives. Culture has adopted many
policy of the Canadian government by promoting various ethnicities and nationalities. Various
activities of a nation promotes the environment and gives a positive effect and develop the
growth by tourists also. People come and enjoy the activities of the places and it creates
economy integration. There should be various factors which need to emphasise the development
of a country.
PART 2
Global climate has various impact on the economy that has greater range of change with
other regions. There is the requirement of decision-making process to identify the issues of a
country. Government makes various regulations to maintain the situation of a country and they
follows the instructions to give a good impact on the country. Country making various measures
to control the various activities (Scherer and Palazzo, 2011). Country promote the export of
product and decreases the export the raw material. Canada is being unable to build companies
globally by finance and natural resources. Companies have less innovative in technologies and it
becomes decrease in profits. Canada trade with the rest of the world decreasing these days by
way of sale or purchase. It reduces the trust of the consumer on spending on trade with their
industry and real estate. There is many changes that reaches a economy on the top globally.
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Corporate social responsibility:
It is a approach that contribute to the sustainable development with social and economic
benefits for all the stakeholders. There is the initiative of the businesses to make good business
practices. It is initiative that contributes towards economic and environmental growth. There are
many projects that encourages to contribute in many social development. It is a environment
friendly practices that creates ethical business operations. CSR strategy adopted by many
countries to uplift the community and encourages the development programmes. Many
companies are protecting their business practices to develop their policies. There are many
benefits to the environment and improves the efficiency (Short and et. al., 2010). Canada
minimises the depletion of natural resources an improving the energy efficiency of their
economy. Countries gives report on their sustainable development to the authority by increasing
the investment in many practices. The chocolate company Thornton's adopted a CSR initiatives
and supports its society by their investment. Company exceeds their climate change agreement to
set the aim by producing of products.
Technology development:
Companies develop the technologies in our country by contributing many technologies.
Canada allow its companies to develop their strategy and policies for innovation. Companies
creates many ideas into new products and services that gives essential growth in the economy.
They develop the advanced technologies by innovative process that delivers new product and
services. To growth a economy there should be the effective technologies that creates good
competition between them. By increasing the strategy they can fulfil the customer needs and
develop their standard in the market (Trkman, 2010). Improves the planning process and
development programmes provides market orientation. By making various innovation in the
techniques they can satisfy the customer needs. They provides the companies to growth their
opportunities and gains in productivity. Canada is a country where many companies are working
and improving the technologies to meet the market demands. It will impact the the businesses
and explore the acquisition and investment. By making various policies companies can face
many challenges to follow them. Country gives many support to the companies to make their
product reliable to the customer. Government provides many standards to the businesses to
follow them and make popular their product in the market. Companies should follow various
marks, signs and processes to make them eligible to transact in the market (Varadarajan, 2010).
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Economic development:
It is a process that improves the economic, social growth of the people. There is the
inequality in the income of the people in a country (Verbeke, 2013). Country has facing many
problems where poor people get more poor and not reaching the standard of the living. It is to
calculate the rate of tax according to the government policies to that extent and it creates
disparities in the people (Wheelen and Hunger, 2011). Canada need to increase their oil price to
make economy more effective. Therefore company can make their position in the market and
reaches to a certain level. Canada needs to focuses on making policies and process to
modernization in their working. By using effective resources that improves the social services.
Government successfully develop their competitiveness and meet the customer needs in the
economy. Government undertaking various regulations to make economic objectives with the
stability. There are various resources that can be used to improve the social services and income
distribution. He develops the knowledge sector and economic development to determine the
growth of a nation. Government gives many promises to the public and there would be the
charge of the tax rate of 33% (current 29%) on and above the slab rate of $200000. The
government has follows many steps to reduce the huge difference between the income of the
public.
Ethics:
There is a principle that governs the person's behaviour to conduct the activity in a
business. It is a business principle that must be followed by the members of a business by
following custom and behaviour. Canada should make various practices for the people by deals
with many policies. It governs the human behaviour to make the moral behaviour. It is a concern
about something or other than their own desires and self-interest. Country provide various types
of ethics and it should be followed by the people (Zott, Amit and Massa, 2011). Canada is a fast
growing economy and develop its structure day by day to their plans effectively. In a company
there is set principles that need to followed by them to make a healthy environment. Canada is
also a country where there is set rules and principles for the peoples that should be followed by
them. Country makes regulations which need to follow by the people and make their policies
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effective. Various companies following the guidelines which government announces in the
market.
CONCLUSION
After summing up the report it can be concluded that to maintain the CSR activity is good
for the country. Hence, it is initiative to promote the economic growth. If there is more use of
new technologies then it will increase the international trade of goods around the world. It will
increase the GDP of country also. The government has to set the prices of products and services
in such a manner to increase the trade. The rules and regulations which are set by the government
for Canadian companies it must be simple so that they can maintain their position in competitive
market. Moreover, the government is giving benefits to those companies who are maintaining
CSR activities.
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REFERENCES
Books and Journals
Elliot, S., 2011. Transdisciplinary perspectives on environmental sustainability: a resource base
and framework for IT-enabled business transformation. Mis quarterly. 35(1). pp.197-
236.
Huizingh, E.K., 2011. Open innovation: State of the art and future perspectives. Technovation.
31(1). pp.2-9.
Ietto-Gillies, G., 2012. Transnational corporations and international production: concepts,
theories and effects. Edward Elgar Publishing.
Meskendahl, S., 2010. The influence of business strategy on project portfolio management and
its success—a conceptual framework. International Journal of Project Management.
28(8). pp.807-817.
Onetti, A and et. al., 2012. Internationalization, innovation and entrepreneurship: business
models for new technology-based firms. Journal of Management & Governance. 16(3).
pp.337-368.
Pettit, T.J., Fiksel, J. and Croxton, K.L., 2010. Ensuring supply chain resilience: development of
a conceptual framework. Journal of business logistics. 31(1). pp.1-21
Russo, A. and Perrini, F., 2010. Investigating stakeholder theory and social capital: CSR in large
firms and SMEs. Journal of Business ethics. 91(2). pp.207-221.
Schaltegger, S., Lüdeke-Freund, F. and Hansen, E.G., 2012. Business cases for sustainability: the
role of business model innovation for corporate sustainability. International Journal of
Innovation and Sustainable Development. 6(2). pp.95-119.
Scherer, A.G. and Palazzo, G., 2011. The new political role of business in a globalized world: A
review of a new perspective on CSR and its implications for the firm, governance, and
democracy. Journal of management studies. 48(4). pp.899-931
Short, J.C and et. al., 2010. The concept of “opportunity” in entrepreneurship research: Past
accomplishments and future challenges. Journal of Management. 36(1). pp.40-65.
Trkman, P., 2010. The critical success factors of business process management. International
journal of information management. 30(2). pp.125-134.
Varadarajan, R., 2010. Strategic marketing and marketing strategy: domain, definition,
fundamental issues and foundational premises. Journal of the Academy of Marketing
Science. 38(2). pp.119-140.
Verbeke, A., 2013. International business strategy. Cambridge University Press.
Wheelen, T.L. and Hunger, J.D., 2011. Concepts in strategic management and business policy.
Pearson Education India.
Zott, C., Amit, R. and Massa, L., 2011. The business model: recent developments and future
research. Journal of management. 37(4). pp.1019-1042.