I’m a big advocate for metrics and key performance indicator (KPI) driven workflows. I believe in the value of data-driven processes, and have seen first-hand the impact of KPI focused process improvement projects. For many manufacturers, the increased use of software systems that document all of their processes has allowed them to identify even more…
The Ontario automotive industry continues to be an intense focus for the provincial and federal governments. Commitments from both levels of government to enable innovation and create a green economy has helped to secure new investments from Canadian businesses, of whom, General Motors (GM Canada) recently announced their expansion in southwestern Ontario. As part of…
Ontario has the second largest food and beverage manufacturing sector in North America and continues to grow year-over-year. The sector generates over $41 billion in annual revenue, of which over $7.6 billion is received from exports to other countries around the world. Growing food exports have helped to maintain Canada’s competitiveness among international food and…
The Canadian manufacturing industry remains cautiously optimistic moving forward in 2016. While some sectors within the manufacturing industry are seeing rapid growth, others are stagnant or contracting due to a variety of economic and labour issues. This type of uncertainty isn’t new to manufacturing executives, but being able to plan ahead and execute growth strategies…
Great Britain has officially begun the process of exiting the European Union after a highly contentious, and incredibly narrow vote to leave. There were immediate impacts in international markets – a global sell off of the Pound saw the currency hit its lowest point since 1985. Global markets (including the TSX) dropped substantially, and virtually…
Female entrepreneurs are becoming an increasingly powerful and vocal group of influencers within Canada’s business community. A growing number of women are becoming entrepreneurs – 950,000 women were self-employed as of 2012, accounting for nearly 36% of all entrepreneurs in Canada. Still, two main challenges face women who are starting and growing their own business….
Canadian businesses must look for ways to increase exports and drive revenue from international customers. Especially in the technology industry, companies should always be looking for new ways to grow their business both domestically and on a global scale. With a high demand for Canadian products and economic conditions that support increased exports, businesses should…
In business, cash is king. Understanding how to manage your cash flow properly will save you from undue stress and ensure that you’re paid for your products or services. Meticulous cash flow management is one of the most important elements to running a strong, successful business. Cash is needed to complete new projects, pay employees,…
Disclaimer: The views and opinions expressed in the following article are those of the guest author and do not represent or reflect Mentor Works Ltd. It’s official that proper business training and development pays off for everyone – employees, employers and companies. Not only does training develop employee skills, it also has been proven to…
Career development is a lifelong process of managing learning, work, leisure, and transitions in order to move toward a personally preferred future. Regardless of your current career level, there is always room for improvement. Traditionally, professional development was the responsibility of employers to ensure their workforce had the right skills. While this is still the…