Why cant Canadians compete with lower labour cost countries such as Term Paper

Why cant Canadians compete with lower labour cost countries such as India and China - Term Paper Example It is very difficult for Canada to be a manufacturing powerhouse like India and China. As of 2012, the 486.6-million Indian labor force makes it the globes second largest. Besides, the telecommunication industry in India is the world’s fastest growing. After the quarter of 2013, India became the third largest market for smartphones globally after China and the United States of America (Drà ¨ze & Amartya (2013). In terms of the gross domestic produxt, by 2013 China had become the globe’s second largest economy. On the other hand, China has been the globe’s manufacturing hub, leveraging its cheap labor in order to dominate global trade, especially the nation’s exports (Sang, 2013). In order to compete in the international manufacturing stage, Canada needs to differentiate itself from its competitors by making maximum use of its strengths. This will build ensure that it gains some steps in becoming a manufacturing powerhouse. China and India do not view Canada as a competitor because they have the capability to respond rapidly to the ever changing business environment and offer customers with what they need (Sexton, 2007). Chinese and Indian manufacturers have a vital strength in providing work that is customized together with services in order to meet the market requirements more flexibly than manufacturers in other nations like Canada. To attain this crucial strength (Scianna, 2014) argues that Canadian manufacturers need to invest in innovative technologies. Compared to low-cost nations like China, India, Malaysia and Brazil, the manufacturing sector in Canada is nowhere as big as other nations. In order for the Canadian manufacturers to stay in business competitively, the machine shops not only need to have the right equipment, but also make products for cost effective unit prices. Scianna (2014) noted that the most outstanding difference between Canada and its

4.1 Strategic Management Practices Research Paper

4.1 Strategic Management Practices - Research Paper Example ation of the policies, the human resources for the achievement of the policies as well as the time with which the policies are expected to be achieved (David & Thomas, 2014). In the current health care structure in the United States, the stakeholders have transformed the management principles used to govern the health system delivery with the aim of achieving universal coverage for health. In an attempt to understand the health system and the strategic organization model behind it, this paper will explore the external environment of health care organization both in the United States and outside the United States through analysis of recent articles. According to U.S. Department of Health adn Human Services, (2012), the current goal of health care organizations in the United States is to transform the health care system to ensure achievement of better values and improvement of health. To attain these goals, the organizations delivering health services must demonstrate efficiency, adopt new payment models, develop adequate care coordination with the external environment as well as improve quality for better health. According to this article, health care finance in the United States is a current issue that is of importance both to the citizens and to the government. In the current economic market, the economy of United States is slowly recovering, thus there will be increased pressure on the health care organization to increase efficiency to ensure valuable service to the citizens who seek health care through payment programs such as insurance cover. For long-term financial sustainability, health organizations must thus bend the cost curve and maintain global competitiveness in delivery of the services. According to Longworth (2011), maintenance of ethical standards in the delivery of healthcare services is the main point of association between health care organizations and their external environment in the united states. According to this article, it is evident