Business leaders know that success is often driven by external factors beyond the doors of their company. New technologies, changing cultural norms, new political boundaries, changing governments - business today is faster, increasingly complex and more demanding than before. In this exercise you are examine what businesses are doing to remain and to flourish in today's competitive global market place. Here you are to research the current business environment in Canada.

Objective

1. Businesses are influenced by a number of external factors. Grade the current external factors as positive or negative for Canadian businesses and explain why they are positive or negative. What can the government do to address possible business concerns they may have with the external factors.

• Economic conditions
• Emerging technologies
• Political –legal considerations
• Social issues
• Global environment
• Ethical issues and social responsibility