lmporter and Environment – Background Check a. Country Profile “Canada” Today, the Canadian economy is progressing at a slow pace, but, the economic is expected to remain stable because of its strong relations with the U.S. and the support of the global commodity markets. Some industries in the economy are experiencing positive growth including the following: life sciences, clean energy, agribusiness, and technology (Ng & Metz, 2015 – Research Paper Writing Help Service). The positive business culture in Canada also makes it possible for foreign investors to do business in Canada. Canada also has a strong and diverse financial sectors compared to other economies across the world.
Starting 2008 – Affordable Custom Essay Writing Service | Write My Essay from Pro Writers, Toronto emerged as one of the influential financial centre in North America (Australian Unlimited, n.d).
https://www.austrade.gov.au/Australian/Export/Export-markets/Countries/Canada/Doing-business 33%
Starting 2008 – Affordable Custom Essay Writing Service | Write My Essay from Pro Writers, Toronto emerged as one of the influential financial centre in North America (Australian Unlimited, n.d). The strong banking and finance environment in Canada provides a supportive financial framework for the Australian businesses.
b. Market Potential Canada is an attractive strong market for Australian businesses.
The investors seeking to invest in Canada will also have access to the U.S. and Mexican markets because of the free trade agreement between the three countries.
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The investors seeking to invest in Canada will also have access to the U.S. and Mexican markets because of the free trade agreement between the three countries. The ratification of the Trans-Pacific Partnership agreement that includes Australia is a critical trading partner for Canada that will offer expanded market access for the exporters and investors in both nations. The Canadian provinces have their economic development institutions including Ontario and Alberta that helps to support investment in the economy (Arthurs, 2018: 2024 – Write My Essay For Me | Essay Writing Service For Your Papers Online). ln addition, Canada has supportive measures for facilitate ease of trade at the U.S. border such as pre-inspections and related technological advancement that strengthens the efficiency of the supply chain processes. As a result, Canada presents a good market for the foreign businesses seeking to invest in the diverse and advanced market.
c. Culture and Business Norms The Canadian society is quite egalitarian in nature, and businesses implement the flat organizational structures. Few multinationals will prefer hierarchical organizational structure, but the senior managers value the input of the employees in the strategic decision making process. Businesses in Quebec are mainly more hierarchical than organizations in other parts of Canada. The concept of teamwork is vital in Canada. People are encouraged to collaborate on work project as a team. The function of the manager is to encourage the team and get the best possible outcome on the group of employees (Ng & Metz, 2015 – Research Paper Writing Help Service). ln addition, Canadians are preserved to be polite people. The generalization is mainly true because most Canadians are usually formal with strangers. After developing close business relationships with the Canadian contacts, they become less formal. Face to face meetings are critical because they assist in creating good rapport that enhances discussions (Arthurs, 2018: 2024 – Write My Essay For Me | Essay Writing Service For Your Papers Online).
The people of Canada speak English and French, but business in Canada is done in English except Quebec. Generally, the Canadians are willing to do business with Australians and the Australian products with a good history of market acceptance.
d. Negotiation Style The main negotiation style in Canada is cooperative. People are usually open to compromise when considered favorable to progress the negotiation process. The Canadians assimilates the approach of win-win, and they expect the negotiating parties to receipt with mutual respect and trust. Trust and honesty are important in maintaining trust with the colleagues (Australian Trade, n.d.). People are sensitive to their culture. The local identity and sense of community is vital to all Canadians. lt is recommendable to avoid confusing the Canadian cultural values with the American cultural values because the two nations have a complex relationship. Communications should be low tone because they do not appreciate aggressive negotiation tactics. lt is necessary to engage in logical conversations with supporting evidence to encourage success in the negotiation process.
References Arthurs, H. W. (2018: 2024 – Write My Essay For Me | Essay Writing Service For Your Papers Online). The hollowing out of corporate Canada?. ln Globalizing lnstitutions (pp. 29-51). London, UK: Routledge. Australian Unlimited. (n.d.). Doing business – Canada – For Australian exporters. Retrieved from https://www.austrade.gov.au/Australian/Export/Export-markets/Countries/Canada/Doing-business Ng, E. S., & Metz, l.
(2015 – Research Paper Writing Help Service). Multiculturalism as a strategy for national competitiveness:
(2015 – Research Paper Writing Help Service). Multiculturalism as a strategy for national comp
