On July 20, 2016, Tesla Motors’ CEO Elon Musk released a blog entitled “Master Plan, Part Deux”. The highly anticipated document identified several key changes to Tesla’s business model and also unveiled some of the newest, most innovative technologies that Tesla is working on. Among some of the most notable changes, Tesla may be modifying…
Sodecia Canada, a globally-recognized automotive manufacturer, has opened a new state-of-the-art technology and manufacturing centre in London Ontario. The new plant was officially opened this week at an event hosted by Sodecia’s local management team, the board of directors, and key management personnel from their corporate head office in Porto, Portugal. At the new facility,…
Across Canada, new digital technologies are enabling businesses to grow and develop globally-demanded products and services. In fact, information technology development will soon become the country’s largest economic driver, signalling that the Age of the Digital Economy is quickly approaching. The World Economic Forum (WEF) refers to the coming Digital Age as the 4th Industrial…
What if everything your business has been doing since its inception was flipped upside down and the complete opposite approach was enforced? This is the concept behind W. Chan Kim and Renée A. Maurborgne’s Blue Ocean Strategy, which was created based off of primary research conducted on over 150 businesses across more than 30 industries…
The Government of Canada is constantly seeking new innovative technologies to improve the function of government. Since 2012, the federal government’s Build in Canada Innovation Program (BCIP) has provided a first-procurement program that enables Canadian businesses and entrepreneurs to test and sell their innovative pre-commercial technologies to the government. This partnership bolsters the innovative abilities…
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…
New details have been released regarding the Government of Ontario’s commitment to green energy grants and incentives for business. The low-carbon economy that is being proposed by Ontario’s government will seek to raise funds from a variety of carbon-emitting activities and reinvest those funds into the economy by supporting clean technologies. Businesses in Ontario, especially…
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…
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…
Recently, “innovation” has become one of the most popular buzzwords in Canadian business, politics, and the economy. While there are many definitions of innovation, it can simply be stated that innovation entails revolutions to make the subject matter faster, more efficiently, or simply better than previous version, sometimes creating a completely new product/technology category altogether….