Electric vehicle technology adoption must marry the readiness of manufacturers, consumers, and government regulators, all of whom have expressed varying levels of caution and optimism about the widescale adoption of EVs. There’s no one group that can independently bring electric vehicle technologies to the forefront; rather, it takes the collective and coordinated interest of all…
Mergers and acquisitions (M&A) are increasingly common in today’s business landscape. According to the Institute for Mergers, Acquisitions, and Alliances (IMAA), M&A activity continues to rise, with over $3.8 trillion USD in deals completed in 2018 – and with nearly $1.8 trillion USD completed in 2019 so far, it doesn’t look like it’s going to…
The electrification of vehicles has long been considered a practical advancement of automotive technology. With many Canadians and global automotive customers shifting their mindset away from internal combustion engines (ICEs), electric vehicles need to be seriously considered by technology developers and automotive manufacturers. Even the shipping and logistics industry is considering how fleets of vehicles…
In today’s business climate, organizations are expected to extend credit to their customers, as it enhances purchasing power and creates opportunities that may not have been available otherwise. However, offering credit is a balancing act for most businesses, as just one late payment or customer insolvency can put stress on an organization’s cash flow and…
Canadian government funding programs can support small businesses, large corporations, non-profits, and post-secondary research institutions. With this said, in order to access these programs, it’s crucial to understand which ones will provide the best fit for your organization’s upcoming strategic projects. Fortunately, business leaders will have the chance to ask all their government funding questions…
How do you implement your company’s strategic plan? When was the last time you did a pulse check to see where strategic deliverables stand? How closely aligned are employees with the broader mandate of your company? Business leaders should ask themselves these questions regularly, but many are so caught up in the ongoing demands of…
New challenges arise every day when organizations grow at a rapid pace. With the right information, these challenges can be turned into opportunities; however, in normal business conditions, such opportunities may be hidden due to a lack of visibility or transparency in business processes. This is where enterprise resource planning (ERP) systems play a significant…
Delivered through York University, YSpace Markham provides innovators local access to advanced technologies and entrepreneur support services. The innovation incubator offers support to startups within the York Region ecosystem that are ready to scale and achieve the next level of success. Accepted users gain access to incubation space, high-end technologies, expert mentorship, local events, and…
It goes without question that continuous learning in business is crucial for success. An organization’s willingness to expand knowledge benefits the entire process of attracting, maintaining, and developing employees. Any business that is seeking to implement employee training and development is encouraged to first identify and pinpoint the reason for training and what kind of…
Traditional approaches to business budgeting often rely on adding or subtracting from previous budgets according to anticipated changes over the coming period. While this approach can provide reasonable budgets, it can also instill the wrong mentality in employees. With the traditional approach to budgeting, people try to make sure they’ve spent their budget so next…