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When it comes to the raging global competition for foreign direct investment, Canada has not been doing great on the showing-well front. This is particularly true for the manufacturing sector because pride has focused our collective attention on the controversial need to help attract FDI via taxpayer-funded financial support.
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Instead of developing contingencies, leading firms will disrupt themselves to come up with new business models that allow them to stay ahead of the competition. In other words, the new normal requires business executives to proactively deal with disruptions like Brexit before they occur.
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The fact is, many good people -- too many -- fall into the trap of simply accepting that it is appropriate to use technicalities and loopholes to break the principles behind rules when they think they can get away with it or if someone else says they can get away with it. And that's how we lead to scandal upon scandal in the worlds of finance and politics.
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After all, while you may not be dedicating significant time and resources to focusing on customers like never before, it is a safe bet that someone else is passionately working on how to revolutionize the customer experience you currently provide, hoping to put you out of business.
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It's often said that the best companies do more than just survive a downturn; they also position themselves to thrive during the subsequent upturn by making investments that enable them to grow when the economy rebounds. The same strategy can be applied to your career.
Just because you have the two years of experience that many of the world's business schools require, doesn't mean you are ready for an MBA. Before you make the leap, you must ask yourself: Does it make sense for me to get this degree right now?
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The best schools want you to be discerning. They're not interested in those who only appear to be seeking credentials. Credential collecting is an immature approach to this important decision.
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Eva Mozes Kor turned to Hallmark in the mid-1990s when looking to thank a former Nazi for going on the record about his job monitoring the gas chambers that murdered her parents and two older sisters. Forgiveness, she argues, delivers internal peace while clearing the mind of hate, making people more content and productive in both their personal and professional lives.
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Although the Toronto Blue Jays didn't go all the way this year, they clearly didn't lack character. Character, of course, is a loaded word. Like competencies and commitment, we know it is essential for individual, team and organizational success. But what exactly is character? And what about it leads to success?
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The biggest challenge facing business today is how to tackle the complications brought by an increasingly globalized and technologically advanced world. In the last decade the ways in which we produce and consume goods, and how we interact with each other have changed.
Kathmandu's weak infrastructure had not been able to withstand an earthquake of that magnitude. In the week following the quake immediate relief efforts were made by locals and large organisations alike. Emergency distributions of rice ensured people could survive the first few days.
Jason Inch likes "doing business by doing good." One of his most interesting ventures, for example, is a real estate play in Shanghai that isn't about making anybody rich. Instead, it exists to help China manage urban density while also empowering people to "work, meet, socialize, create, exercise, eat, drink and live multi-faceted lives."
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GM Board Director & former Ivey Dean Carol Stephenson tells women: "Know your why." The boardroom is Carol Stephenson's playing field. The veteran director sits on several boards, including the global...
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While I'm not an entrepreneur in the traditional sense, I choose my clients, control my hours and most importantly, do what I love. Here's what I did to position myself as a subject matter expert. It all started with an invitation to speak on social media at a marketing event.
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Why partner with the military? One of the foundations of good leadership is the ability to accomplish a task by influencing other people. To do that, however, a leader must be able to assess a situation, develop a plan, issue clear instructions and then supervise execution.
Canadian tennis star Eugenie Bouchard didn't win her final match at Wimbledon, but she still served up lessons worth noting by everyone, especially leaders.