ChefPartridgeMaster1006
Using the below analysis make an outline using the format in the…
Using the below analysis make an outline using the format in the screenshot below
Canada and The United States in 2023
Good day, strategic managers. Today, we’ll talk about the ever-changing relationship between Canada and the United States and how it affects your business decisions. This partnership, as you are all aware, has been in turmoil since 2016, with different political and health-related challenges affecting corporate relationships.
The primary challenges affecting Canada-US business ties in 2022 were trade policies, immigration policies, and the ongoing COVID-19 epidemic. Over the last decade, trade regulations have gotten increasingly stringent, with tariffs and quotas affecting the flow of goods and services between the two countries. Immigration restrictions have also tightened, making it difficult for businesses to recruit and retain personnel. The COVID-19 epidemic has complicated matters even more, with travel restrictions and border closures affecting supply chains and cross-border businesses.
Looking forward to 2032, we may expect the relationship between Canada and the United States to remain complex. However , as both countries recover from the pandemic, we may see a renewed emphasis on expanding trade ties and collaborating on topics such as climate change and cybersecurity.
As strategic managers, it is essential to examine the impact of this relationship on the decisions of your firm. Here are three major ways in which this relationship can influence your strategic decisions:
1. Market Access: The relationship between Canada and the United States has an impact on commercial market access. When trade rules change, it is critical to be updated about any changes that may affect your capacity to access markets in any country.
2. Talent Acquisition: Immigration policies have an impact on a company’s capacity to recruit and retain talent. While planning for growth and expansion, it is critical to evaluate the influence of these policies.
3. Disruptions in the Supply Chain: The current pandemic has underlined the necessity of supply chain resilience. Companies must assess how border closures and travel restrictions may affect their operations and establish contingency plans to mitigate delays.
To ensure that your organisation is well-prepared, I recommend the following three strategies:
1. Diversify your Markets: Depending entirely on the Canadian or United States markets can be dangerous. Investigate chances in different markets to ensure that your company is not unduly reliant on a single country.
2. Embrace Remote Work: As immigration regulations grow more restricted, consider embracing remote work to access talent from around the world.
3. Create Resilient Supply Chains: Increase the resilience of your supply networks by creating contingency plans for delays caused by border closures, travel restrictions, and other unanticipated events.
In conclusion , the relationship between Canada and the United States will continue to be complex in the coming years. As strategic managers, you must examine how this relationship may affect your organization’s decisions. You can ensure your firm is well-prepared for whatever the future brings by diversifying your markets, embracing remote labour, and establishing resilient supply networks. Thank you for your time, and I look forward to collaborating with you to navigate these challenges.
Image transcription text
MESSAGING OUTLINE TEMPLATE Background: Issue/Problem: Question: Main Message: Major Supporting
Point #1: Major Supporting Point #2: Major Supporting Point #3: 1. 1. 1 . 2. 2. 3. 2. 3. 3.
