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Econ. Dec. 8

Published on Dec 15, 2015

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PRESENTATION OUTLINE

big and small businesses

mr. melkonian

given wide range of enterprise

no general clear definition of small or large business
Photo by Michael Bok

small business

a lot of them - big contributor to canadian economy

big business

employ thousands of people - political influence 

canadian federation of independent business (cfib)

formed to show government the importance of small business 
Photo by Kamal Zharif

This lobby group has 85,000 + members and has been around since the early 70s. They use numbers to classify Canadian businesses into 3 categories

small business

independent owned firms - less than 50 employees

medium business

independent firm - 50 to 499 employees

big business

independent firm, 500+ workers

small business

limited in size and scope

fierce competition from other small firms

competition keeps them running efficiently!
Photo by PeterThoeny

maintain competitiveness

by staying focused on one field/process
Photo by mohammadali

cross-fit

only group training, specific, could be sensitive to things... such as?

how to be successful?

make predictions

anticipate market conditions - aggressively innovative
Photo by FutUndBeidl

if my cross-fit gym is doing better than the competition...

big business

Photo by lumaxart

horizontal integration

small firms grow when firm takes control of another firm
Photo by Bakar_88

most often the same product

related, almost always in the same service
Photo by lynn.gardner

extreme fitness - goodlife

why do this?

cost saving

Research and development won't be redundant
Photo by RDECOM

you get to fire lots of people

save money!
Photo by Byzantine_K

better access to markets

foreign and domestic
Photo by epSos.de

chrysler + dailmer-benz

Vertical integration

companies combined into a single firm
Photo by kostia scalla

rogers

buying the jays

diversify and extend scope

programming + advertisement for rogers

big business can buy small ones

specific technology being developed

oculus

facebook

corporate alliances

team up without precipitating the ownership struggles
Photo by mdverde

IBM and Dell

work together, share patented tech, new technology

ibm makes the parts

dell integrates/refines for future products
Photo by particlem

corporate concentration

Photo by Will Clayton

very few people are making most of the money

less than 1% of businesses have 40% of the revenue

holding companies

enterprises not engaged n any form of industrial activity

buy large blocks of shares in other companies

to influence and sometimes control them
Photo by YoTuT

conglomorate

group of companies involved in diff. industries but controlled centrally

gets out of hand sometimes...

government has to limit manipulation
Photo by pareeerica

multinational corporations

as part of growth/expansion

firms sell part of their output abroad

those golden archs...

pretty much all over the place

germany vs india

a wee bit different...

mncs been growing since end of ww2

people aren't as upset at each other
Photo by warrenski

many located in the states

sub-operations in canada - why?

Reasons for multinational corporations

  • Profit
  • Free access to new markets
  • Reducing operating costs
  • Geographic diversification

decisions usually made at head office

others follow instructions 

brain drain

idea that too many canadian researchers are being attracted abroad (US)

transnational enterprise

activities cross political borders - powerful MNCs
Photo by ell brown