How a government is run like a business.

 

Quebec had decided to invest $2-billion in jobs to stimulate sluggish growth. This resembles the situation of a declining company, where it imposes specific strategies to address problems and improve its productivity.

One of the strategies is to introduce renovation projects in the city. This can provide job opportunities and increase the flow of capital in the economy. As in a business perspective, this is what a company should do when its financial situation is stagnant – to increase expense in other areas of the company such as providing benefit packages. This can in return boost up the motivation of employees by increasing their satisfaction.

In a marketing point of view, introducing new projects can be considered as stimulants of creativity, motivation, production, and of course eventually – revenue, as well as, profit!

Link: http://www.theglobeandmail.com/report-on-business/quebec-to-invest-2-billion-in-jobs-plan/article14725423/

The New Strategy – “One Ford”

In order to compete with rivals, Ford has planned out a comprehensive strategy which will have its effects shown by 2017. This new strategy is mainly composed of making certain changes in marketing, operations, and also launching new products to increase its competitiveness and its value in the market.

Maintaining “core principle of keeping capacity sized with demand” is one of the major goals of Ford, so as to fully utilize resources and fulfill the customers’ demands at the same time. Besides maximizing the resources to exhibit the greatest benefits, Ford has also been reaching out to more foreign consumers around the world.

Ford has been building new factories around Asia such as in China and India. In an operational point of view, this strategy of global expansion can reduce costs and respond more efficiently to consumer’s needs and tastes.

“By 2017, Ford will launch 114 new or modified vehicles worldwide,” shows the strong prospect of this company. To facilitate the production process, Ford introduces the new “Ford Freeform Fabrication Technology”, which “allows prototype stamping molds to be made within three business days, compared to up to 6 months.”

Link:

http://www.theglobeandmail.com/report-on-business/international-business/us-business/ford-aims-to-make-its-factories-more-flexible-efficient/article14725318/