After a successful launch of Alibaba, also known as a disruptive innovation, that has out-ran both Amazon and E-Bay in the online-shopping sphere, it has also completely altered China’s perception of purchasing goods. As a result, Stephen Harper flies to China to meet with Jack Ma, CEO of Alibaba, and China’s officials to establish better business relationship between the two.
Stephen Harper and Jack Ma http://www.bradfordtimes.ca/2014/11/07/few-blemishes-in-stephen-harpers-job-creation-record
What makes it significant is that Harper does not only seize the opportunity of China’s fast growing economy, but he continues to push for more trades and create even more opportunities toward Canada’s best interest. This method is extremely beneficial in many business settings, like public relation and entrepreneurship. In the beginning of the term, opportunities in the SWOT analysis were to make use and grasp on to arising opportunities. However, the most valuable memo is to not only grasp on to opportunities but establish their own. As this is how a company or Canada’s economy in Harper’s perspective, grow even stronger.
Thus, Canada will now open trade offices in Hangzhou and three other cities in 2014, where there will be 15 regional offices more than any other countries.
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Works Cited:
Fisher, Matthew. “Stephen Harper Courts Alibaba’s Jack Ma, Opens 4 Trades Office in Visit to China That so Far Is All Business.” Financial Post. Postmedia News, 7 Nov. 2014. Web. <http://business.financialpost.com/2014/11/07/stephen-harper-courts-alibabas-jack-ma-opens-4-trades-office-in-visit-to-china-that-so-far-is-all-business/>.
Kirby, Bill, and Warren McFarlan. “The Alibaba Effect.” Forbes. Forbes, 13 May 2014. Web. <http://www.forbes.com/sites/hbsworkingknowledge/2014/05/13/the-alibaba-effect/>.