Posts

Showing posts from September, 2024

Comparative Analysis of Business Mechanisms in Urban vs. Rural Areas Across the USA and Canada

Image
Although I spent the majority of my time in Quebec City inside the stuffy convention center, I did manage to do some sightseeing on my final day. Seventy years ago, Norman Levine wrote about the city: "People will come here to see this as something out of a museum, a museum piece, when the rest of the country has been swallowed up into a sameness." His prophecy is gradually coming true. People are arriving—the Old Port was packed with American tourists and the city has escaped the plague of modern "sameness," but the beauty feels like a museum piece.The stone streets remain as attractive as ever, even if the quality of the art galleries has fallen to appeal to cruise ship tastes, but you must seek attentively to find remnants of the city's historic culture. In certain situations, it is hidden in plain sight, such as in street names like Rue de Brébeuf, Rue Sainte-Anne, and Rue Sainte-Ursule, as well as the imposing facade of the Monastère des Ursulines in the ol...

Understanding the Role of Trade Relations in Business Mechanisms Across the USA and Canada

Image
Martin Feldstein, a Harvard professor, lives nearby. Feldstein (1995a) conducted a thorough review of the literature on the effects of the Tax Reform Act of 1986 on labor supply in the United States and published his findings in the American Economic Review. Existing research indicates that men's working hours and participation rates are unaffected by net wages, whereas married women's working hours and participation rates are more sensitive to changes in net salaries. He also stated that it is false to say that taxes have no effect on the supply of men's labor. The amount of "labor" is determined by elements such as work effort, occupation type, employment skill development, and several other aspects, all of which can be changed by changes in tax rates (Feldstein, 1995b). In a similar line, Nada Eissa and her colleagues (2004) performed research to examine the effects of important changes in US federal tax policy adopted in 1986, 1990, 1993, and 2001.  Their atte...

Supply Chain Management in North America

Image
There are many parts to the Supply Chain Management program that build on the basic studies taught at Rutgers Business School.  Supply chain management is what makes business happen. From where the goods are made to where they are used, supply chain management includes inventory of goods that are still being worked on, the shipping and storage of raw materials, and finished goods. The Bureau of Labor Statistics thinks that supply chain management will be one of the industries that grows the fastest in the near future. [Read Rutgers Business School's article in Poets & Quants called "Why Supply Chain Management Has Become A Hot Major At Business Schools.] A lot of companies use creative technology and coordinating processes to get products out faster. Using computers to look at work patterns in order to get the most out of the available workers has led to higher productivity. There is a whole new set of integrated operations management roles that have been created by modern...

Navigating Business Recovery in the USA and Canada Strategies for Success

Image
His reaction astonished me. And, while he has passed away, and I will never be able to revisit that time with him in a different, much more modern environment, I have determined that these allegations were most likely in sharp opposition to his sincerely held convictions. How could he reconcile the fact that the church and state, which were central to his identity, had caused so much harm and loss The media's impact in molding impressions is indisputable. In the twenty years since my unforgettable talk with my grandfather, the level of journalistic reporting on this subject has significantly increased. I've noticed that even the harshest detractors have modified their viewpoints in recent years. As more indisputable information emerges, they find it increasingly impossible to ignore or refute. But there's still opportunity for improvement. As we commemorate the third National Day for Truth and Reconciliation, it is critical that the media commit to constantly reassessing th...

The Business Comeback USA and Canada’s Recovery Journey

Image
Three steps of an integrated literature review were used in the method followed to generate this synthesis report. While the third combined results with a review of COVID-19 epidemic investigations, the previous two stages concentrated on the literature on disasters. The study team began with compiling the empirical and theoretical data on corporate recovery in disaster literature. The aim was to pinpoint important themes or "lessons" concerning corporate recovery from crises that would act as a guide for forming expectations on business recovery in the COVID-19 epidemic.  Published review papers on the economics of disastersthat is, Refs. dominated the first phase of the process. Among other hazard events, these studies noted and examined the data supporting numerous empirical conclusions on corporate recovery in past disasters including earthquakes, tsunamis, floods, hurricanes, wildfires, and tornadoes. These results reflect a range of disaster settings, study areas, and m...

Rebuilding the Economy Business Recovery in the USA and Canada

Image
The federal government, in cooperation with various levels of government, Indigenous peoples, experts, and stakeholders, will update the Strategy on a regular basis, with the next update scheduled for 2030. Associated action plans will be prepared on a five-year cycle to allow for adequate implementation, evaluation of results, and consideration of projected climate consequences. The federal government will lead the development of progress reports midway through the Strategy's cycles, based on actions across the country. The progress reports will give a picture of collective progress toward the Strategy's goals, objectives, and targets; guide policy and investment decisions; and promote transparency and accountability to the general public A timeline detailing Canada's potential adaption cycle from 2021 to 2030 and beyond. Figure 5 shows the timetable for the National Adaptation Strategy. The acronym "FPT" stands for Federal-Provincial-Territorial. National Knowl...

The Business Revival USA and Canada’s Recovery Strategy

Image
  Last week, I ordered a single light bulb for my fridge to be sent to my house. I thought that since home deliveries go through my neighborhood every day, this probably wasn't an optimization problem for them. At first, it felt wrong, maybe even decadent. I was behind the times when it came to home delivery A year ago, my fridge would have been empty for a week and a half until I could get to the hardware shop on a Saturday afternoon. That sounds really old-fashioned now, like a story my dad used to tell about the 1950s. Every one of us has had at least one event like this. People were inspired by these personal examples of how fast technology has changed over the past year, and they became popular topics of conversation. Soon, executives learned that "burning platforms" could now be sent straight to people's homes. This only took a few weeks for most of our clients. When the outbreak started, their main goals were to keep their cash on hand, keep their oper...

USA and Canada Business Recovery Trends and Success Factors

Image
For Canadian companies, what next ten years hold? How may they get ready for success tomorrow today? For business owners negotiating a fast changing environment, these are really vital issues. BDC hired Juniper Consulting to look at the main trends influencing the corporate environment between now and 2030 in order to provide solutions. The survey identified various trends influencing every sector. Among these, the most crucial one is the part technology will play as the main driver of change. More small and medium-sized enterprises than any other sector in Canada, the retail sector also employs more Canadians than any other. Big changes in the retail industry are clearly brought about by e-commerce. Still, the shift does not stop with internet buying. Rapid changing consumer preferences, growing competition, and the necessity of investing in new technology further challenge entrepreneurs. The retail scene will becoming even more competitive during the next ten years. Thanks to reduced...

Business Momentum Gains Speed in the USA and Canada

Image
There is growing trouble in Canada. The economic impetus driving the nation through the 20th century has vanished in the 21st and seems to have gotten worse following the epidemic. Since 2019, higher interest rates have hampered per-capita output; yet, the issues go more deeply than that. Adjusted for inflation and immigration, our economy is currently smaller than it was in 2019; essentially, it is where it was ten years ago. We have behind most big economies worldwide. The typical Canadian's economic output at the start of the century matched Australia's. Australians are almost 10% more productive today, and their economy has expanded 50% per person quicker than that of Canada over the past quarter century. We lag behind the United States more still. Comparatively to tech-rich California or New York, Canada is 30% less productive than the United States and more akin to lower-income states like Alabama in terms of economic performance. Consequently, as of 2022 we have dropped ...

Search This Blog