BU111 Lecture Notes - Lecture 12: Competitive Advantage, Environment And Climate Change Canada, Parental Leave
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Elements: laws, regulations, taxes, trade agreements or conditions, political system, political stability, significance, protection of consumers, support/protection and regulation of domestic businesses, opportunity creation in foreign markets. Customer: buys products and services (e. g. construction) Provider of incentives: loans to small businesses. Provider of essential services: education for workers, transportation, infrastructure. Trade associations: industries grouped together = bargaining power. Think of the government as a customer: e. g. they need cars for police, government is a big buyer (government has buyer power) Government as a competitor: operates liquor control board of ontario which can compete with smaller sellers, Canada post competes with ups, not desirable competitor because they get to make the rules and play. E. g. 407 (imagine every route was toll route, would slow transportation) Do(cid:374)"t (cid:449)a(cid:374)t ar(cid:373)(cid:455) to (cid:271)e for profit. Hospitals (we value we have free healthcare) Education (quality of education we get is good, up to high school free) Regulates business activity; influences technology standards crtc.
