Business Qualification

According to the newest exclusive study from Smithers, 3D printing is becoming more popular because of new technologies, changing value chains, and market innovations. The new Smithers study The Future of Global 3D Printing to 2027 says that this market will grow very quickly over the next ten years From $5.8 billion in 2016 to $55.8 billion in 2027, it will grow at a fast rate of 23.0% per year. Three-dimensional printing is becoming more mature as a business trend. It has become an important tool for creation and prototyping, as well as for making complicated molds and tools. A lot of 3D printers were shipped and installed in 2016 to hobbyists and home users, compared to only 63,000 printers used in industrial or commercial settings. This shows that the market is still very successful with these groups. But the value of the industrial and commercial sectors as a whole is much higher ($5.4 billion vs. $0.4 billion in 2016). This is because industrial and commercial 3D print gear is m...

According to Daily (1996). According to resource dependence theory, the board of directors is critical to the company's success. Making external relationships is critical for gaining access to additional resources that can help a firm succeed. To ensure the firm's success, directors must fulfill their responsibilities by providing advise or representation to other institutions (Pfeffer and Salancik, 1978).  To address conflicts between the board and the CEO, Fama and Jensen (1983) recommend that the majority of board members be non-executive directors (NEDs). These persons are regarded as independent and can act as mediators in disputes amongst top executives, as well as help discover suitable successors for internal managers. According to Hermalin and Weisbach (1988), having an independent board of directors might be a powerful motivator for the directors to closely monitor the CEO's actions.  Thus, directors must maintain their independence and continue to monitor underpe...

The tasks of directors are divided into three categories: control, services, and resource reliance. Given that managers must prioritize the interests of shareholders, the control function needs directors to be in charge of recruiting and firing managers as well as the CEO. They must also ensure that managers continuously act in the best interests of their shareholders (Monks and Minow, 1995). The service function entails advising the CEO and other top managers on administrative and managerial issues, as well as establishing firm strategy (Johnson &  Solomon (2010) identified many fundamental factors for establishing effective boards.  An independent board is often seen as a positive feature of an effective governance structure. When the board is independent of management, it can better perform its job of overseeing management on behalf of stakeholders (Liu and Fong, 2010). These include regular meetings, open and effective communication between board members and shareholde...

Being ready for the possibility of a world health disaster. After the 2003 SARS outbreak, both the federal and local governments of Canada admitted that their current IT and public health systems were not good enough. The Canadian government worked directly with IBM to create IBM Panorama, a method for monitoring and immunizing people against a wide range of diseases. In the end, this answer would be very important for the Canadian public health authorities to deal with COVID-19. While this was going on, US public health officials continued to use paper-based methods, which were not able to keep up with how quickly COVID-19 was spreading The steady-state approach to public health was mostly taken back in the years after the SARS outbreak. Most of the work that public health workers did every day involved common diseases, medicines, and illnesses. During this time, Panorama helped the Canadian government with a number of public health tasks, such as investigating cases and managing out...

The outsider model, on the other hand, is distinguished by its reliance on equity financing, strong legal safeguards for shareholders (particularly minority shareholders), widespread ownership, reduced involvement of employees, creditors, and other stakeholders, stringent bankruptcy laws, significant flexibility in mergers and acquisitions, and a strict mandate for transparency (Rosser, 2003). Companies outside the Anglo-Saxon paradigm may have shareholders who are individuals or financial institutions, but their administration and control are in the hands of managers (Solomon, 2010). Furthermore, Berle and Means (1932) stress the potential consequence of this, namely the partition of ownership and control. The challenges that come from this The concept of separation has been covered previously in this chapter (subsection 2.3.1). According to several studies (Fukuyama, 1992; Hansmann and Kraakman, 2000; Rosser, 2003), globalization has played an important role in bringing together nume...

The final chapter focuses on commonly used innovation indicators that can be measured objectively throughout time. The European Commission created a system for rating the innovative performance of EU members and non-EU comparator countries, including Canada. Canada ranked 17th out of 37 countries on the Summary Innovation Index (Box 9). Sweden rated first, followed by the United States in ninth place.  The business media routinely publishes global rankings that assess corporate competitiveness and innovation performance across countries using CEO and stakeholder polls.  Rankings may include real data, but the weights used to create specific indicators are totally discretionary.  Survey-based rankings can be useful if the sample size is sufficient and the technique is consistent across years and nations.The World Economic Forum (WEF), which has updated its standards throughout time, looks to be the most reliable source of rankings. Table 4 shows that Canada ranks mid-to-lo...

Delivering value swiftly and effectively is not only an advantage; it is a requirement. With 73% expecting companies to understand their demands and 90% of CX leaders admitting that consumer expectations are at an all-time high, it's apparent that timely and effective delivery is critical to customer happiness. But how can you determine the pace and efficiency of your delivery? The answer rests in understanding and monitoring your 'flow', a fundamental notion in Agile project management.This page provides a comprehensive summary of: What does "flow" signify in Agile project management The significance of flow measurements. Practical ways for monitoring flow Gain the information and resources you need to optimize your delivery process, meet rising client demands, and propel your organization forward. What Is the Flow in Agile Project Management Continuous improvement is a key component of the Agile project management methodology. The idea is to enable higher value...

Many companies start their Business Improvement projects with a wide range of business goals in mind, such as streamlining their processes, finding delays and bottlenecks to boost output and efficiency, and making the best use of their resources and people. But only a small group of people are able to reach their goals.There are studies that say up to 70% of Business Process Improvement projects fail. This is scary because Business Process Improvement is so important for companies to stay competitive these days. Lack of a joint approach is one of the main reasons why process improvement projects don't work out the way they were supposed to. Collaboration is important for any business today, but it's even more important when the goal is to change and improve processes, because everyone needs to agree on how things should be done.Improvement efforts that aren't connected to the organization's overall goals cause deadlines to be missed, company goals to not be met, and b...

For any need, outsourcing services give companies the flexibility they need to stay on top of things Cost-effectiveness: Companies can save a lot of money by hiring BPO service providers to do tasks that aren't their main business. Businesses can get services of good quality for a lot less money. Outsourcing businesses are good at getting things done quickly and have a lot of experience, so this happens. Access to Expertise: BPO companies hire experts with a wide range of skills. When you hire an outsourcing services company, you get a lot of information and experience. There are experts who can help with things like data entry, accounts payments, digital marketing, and more. Businesses can use these specific skills without having to hire new people or train them. Streamlined Processes: Business process outsourcing (BPO) firms simplify work flows and processes. Focus on Your Core Competencies: Businesses can reallocate their resources by selling tasks that aren't their main...