Professional Documents
Culture Documents
Agenda
Time
Activity
Facilitator
8:30 10:00
Location
Room 1310
10:00 10:45
10:45 11:00
11:00 12:20
Mary Gillett
Room 1310
Morning Break
Case Class
12:20 1:00
Room 1310
Lunch Break
1:00 1:30
Aindrea Cramp
Room 1310
1:30 2:30
Room 1310
2:30 2:45
Meagan Seale
Room 1310
2:45 3:30
Exchange Coordinators
Various
3:30-4:00
4:00
Afternoon Break
Orientation Event
Exchange Coordinators
Meet at Ivey
ICEBREAKER!!
Unique & Common
Ivey Incoming Exchange September 2015
Important Contacts
Meagan Seale, HBA2 & Exchange Coordinator
mseale@ivey.ca
519-661-3218
HBA Office
Canadian Culture
Individuality
Work towards personal goals
Make decisions for self
Become self-sufficient
Authority
Student-teacher relationship less formal
Use of given name
Canadian Culture
Time & Attendance
Punctuality is important will receive grade
penalty if late
Can not be absent from class attendance is
required (more on this later)
Class Contribution
Large part of your grade (some 40%)
What do you think we mean by
contribution?
How many of you are graded on this at
home?
Meaningful participation
Case preparation ideas
Cultural Adjustment
Some strategies to help
Resources
POSTCARD!
Feeling homesick?
Housemates/roommates/classmates
HBA Program Office
International & Exchange Student Centre (IESC)
iWellness
http://iwellness.uwo.ca/
International Students and Wellness
Academic Issues
Plagiarism
Use of another persons work without acknowledging that the
work is not yours.
Attendance
Mandatory
Miss more that 25% of classes? Not acceptable. Will not be
permitted to write exam.
If unable to make class, email faculty member and copy
hbaaway@ivey.ca
**Take the time to read your course outlines**
UHIP
UHIP is MANDATORY
You are automatically enrolled in UHIP for the duration in
which you are attending Western.
Fee will appear on fees bill in your Western Student Centre
account.
After arriving at Western (and having paid your fees), you will
receive an email to your @uwo.ca email account directing you
to a website to download at print your UHIP card.
For information about UHIP and preferred health care
providers, please visit
http://iesc.uwo.ca/current/health_care_in_canada/uhip/index.html
Nameplate
Take it with you to class
Dont leave it at home or at school!
Replacement fee: $10.00
eZone
Update your bio
Add local address (London, ON)
Complete before Monday September 14th!
Welcome to the
Ivey Family
Faculty Director, HBA Program
Mary Gillett
Ivey Incoming Exchange September 2015
Leadership Essentials
Morning Break
back for 11:00am
Adam Fremeth
Professor of Business, Economics, and Public Policy
September 11, 2015
Timeline
February 2010
Letter from
LAWTI to
Chocolate
companies to
take action
before bubble
bursts
Early 2011
Elsie joins
GDS
April 2011
Take Action
Now
Bulletin #19
on 2/$10
pricing
May 2011
Take Action
Now
Bulletin #20
requesting a
meeting.
Elsie
approaches
Scudero
December 2012
July 2013
All
companies
increase
prices
Elsie
meets
with
Liendo
Competition Law
Illegal Activities:
Mexico - Federal Law of Economic Competition
1.Enforced
Price Maintenance
Supplier
Prevents customer
by Federal Competition
Commission
from selling below a minimum price by way of
Canada
Competition
Act
threat, promise
or agreement.
Enforced by Competition Bureau
2.USA
Price
Fixing Act
Agreements
Sherman
of 1890 between multiple
preventofor
unduly less competition or
persons
Enforced byto
Department
Justice
to unreasonably enhance the price of a product.
How do these agencies uncover illegal activity?
What Happened?
This is actually a Canadian case, involving all major
chocolate manufacturers.
LAWTI
is
GDS
is
Carmelo
Hilario is is
Pluton is
Gustavo
RobertoScudero
Silva
Liendo
is is
actually
is actually
actually
Glenn
Robert
Stevens,
Leonidas,
CEO of
President
ITWAL
of Nestle
Daniel
David
Sculthorpe,
CEO
of Cadbury
Issue identification
Defining Alternatives
Specifying Criteria
Analysis of alternatives against criteria
Make a decision consider action plan
TIMELINE
February 21, 2010
LAWTI letter to chocolate manufacturers about the out-of-control trade spend practices - need
to take action before the chocolate bar bubble bursts
Early 2011
April 25 2011
May 2 2011
LAWTI Take Action Now Bulletin #20 calling for a meeting on pricing issues.
Maya approaches Scudero - he will handle LAWTI
December 2012
July 2013
Elsie meets with Roberto Liendo, receives Caramelo memo, then calls Scudero
Lunch Break
back for 1:00pm
Communication to You
Methods by which we communicate to you
m.ivey.ca
Academic Information
Course Information
Follow-ups if you have made appointments with
our office
Expectations
Attendance and Punctuality
Reporting Absences Faculty and
hbaaway@ivey.ca
Exam Policies and Medical Documentation
Mindy Studnicka
Academic Counsellor
Brett Wiepjes
HBA1 & Exam Coordinator
Nadia Kirkland
HBA Program Assistant
Meagan Seale
HBA2 & Exchange Coordinator
Other Advice
Get the most out of your short time here!
Take time to get used to Iveys environment
find your unique style and work schedule
Immerse yourself with all of your classmates
Do something that takes you out of your
comfort zone
Never be afraid to ask questions or seek help
Keep Balanced and Focused
About Me
Teach:
Global Macroeconomics for Managers &
Business, Government and Globalization (HBA)
Economics (MBA)
Writer:
Rogers Media Inc. (Canadian Business,
Macleans Magazine)
Non-partisan policy advisor for a number of
politicians.
Copyright 2012
About Me
Teach:
Business, Government and Globalization (HBA)
Economics (MBA)
Writer:
Rogers Media Inc. (Canadian Business,
Macleans Magazine)
Non-partisan policy advisor for a number of
politicians. (Most recent Econ Advisor to J.
Trudeau)
Copyright 2012
Purpose of Presentation
Canadas economy much different in structure
than either the United States or the EU.
Misunderstanding how the Canadian economy
works could lead to some very bad business
decisions.
Copyright 2012
Copyright 2012
18.0
2. U.S.A.
17.4
6. Germany
3.7
10. U.K.
2.5
15. Canada
1.6
16. Spain
1.6
20. Australia
1.0
http://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD?order=wbapi_data_value_2014+wbapi_data_value+wbapi_data_valuelast&sort=desc
Copyright 2012
$140,358
5. Norway
$ 64,893
8. U.S.
$ 54,630
15. Sweden
$ 45,143
17. Canada
$ 44,089
18. Australia
$ 43,901
22. U.K.
$ 39,137
http://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD
Copyright 2012
524.0
U.S.
350.4 (67%)
E.U.
49.3
China
35.5
Mexico
17.2
Japan
9.2
http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/gblec02a-eng.htm
Copyright 2012
529.0
U.S.
400.0 (76%)
E.U.
40.5
China
20.6
Mexico
6.8
Japan
11.0
http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/gblec02a-eng.htm
Copyright 2012
+5.0
U.S.
+49.7
E.U.
-8.8
China
-14.9
Mexico
-10.4
Japan
+1.9
http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/gblec02a-eng.htm
Copyright 2012
Exports
Imports
Difference
Agricultural
41.0
32.6
8.4
Crude Oil
68.3
27.8
40.5
Nat Gas
13.5
0.0
13.5
Other Energy
30.4
24.2
6.2
116.9
98.0
18.9
Machinery
80.6
124.7
-44.1
Automotive
59.3
71.3
-12.0
Other Consumer
16.4
59.6
-43.2
Industrial Goods
Copyright 2012
Copyright 2012
Measure of Inequality
The Gini coefficient is a number between zero and
one that is a measure of inequality.
1 = Maximum Inequality.
0 = Perfect Equality.
Copyright 2012
Canada
Sweden
Denmark
0.200
0.250
0.300
0.350
0.400
0.450
0.500
Education Levels
Minimum Wage
Labour Skills
Demographics
Industrial Policy
Immigration
Public/Private Mix
Copyright 2012
Canada
Sweden
Denmark
0.200
0.250
0.300
0.350
0.400
0.450
0.500
Copyright 2012
Canada
Sweden
Denmark
0.200
0.250
0.300
0.350
0.400
0.450
0.500
Canada
Sweden
Denmark
0.200
0.250
0.300
0.350
0.400
0.450
0.500
Copyright 2012
Copyright 2012
40.0%
35.0%
30.0%
25.0%
20.0%
15.0%
10.0%
5.0%
0.0%
Denmark
Sweden
Canada
U.S.
Source: http://www.weeklystandard.com/blogs/ge-filed-57000-page-tax-return-paidno-taxes-14-billion-profits_609137.html
Copyright 2012
Canada
Sweden
Denmark
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
Source: OECD. Note an inverse relationship between corporate tax rates and
amounts collected. Data from 2007.
Copyright 2012
30.0%
Canada
Sweden
Denmark
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
U.S.-Denmark gap: 6.9 perc. points, Canada-Denmark gap: 7.7 perc. points. Source:
OECD. Data from 2007.
Copyright 2012
Canada
Sweden
Denmark
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
U.S.-Denmark gap: 11.6 perc. points, Canada-Denmark gap: 8.4 perc. points.
Source: OECD. Data from 2007.
Copyright 2012
30.0%
VAT Rates
30.0%
25.0%
20.0%
15.0%
10.0%
5.0%
0.0%
Denmark
Sweden
Ontario
US Federal
3. Death of Manufacturing
Jobs in Canada
Copyright 2012
Copyright 2012
Employment in Manufacturing
Manufacturing Employment (000s)
2500
2000
1500
1000
500
Copyright 2012
Employment in Manufacturing
% of Workers in Manufacturing
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
Copyright 2012
Copyright 2012
Copyright 2012
1950
6 million tonnes produced
30,000 employees
2010
7.5 million tonnes produced
5,000 employees
Copyright 2012
4. The Canadian-U.S.
Exchange Rate
Copyright 2012
Copyright 2012
Copyright 2012
IRPP Study
A recent IRPP study finds that only 25 of 80
manufacturing industries show a significant
negative relationship between the exchange
rate and output. These include:
Clothing manufacturing
Leather and allied product manufacturing
Household appliance manufacturing
Furniture product manufacturing
Copyright 2012
IRPP Study
Industries slightly affected to not at all include:
Conclusions
Similar results found in another recent study (Beine,
Coulombe and Vermeulen).
Currency closely tied to oil prices.
High currency affects some manufacturing industries
more than others and some not at all.
Companies with a high proportion of their expenses
in U.S. dollars, such as chemical manufacturing, can
thrive in a high CAD environment.
Copyright 2012
5. Productivity and
Output
Copyright 2012
50
40
30
20
Canada
United States
10
0
1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010
Copyright 2012
2.50
2.00
Canada
1.50
United States
1.00
0.50
0.00
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Copyright 2012
Patent Applications:
A Proxy for Innovation
Patent Applications Per Capita
0.000900
0.000800
0.000700
0.000600
0.000500
Canada
U.S.
0.000400
0.000300
0.000200
0.000100
0.000000
1960
1970
1980
1990
Year
Copyright 2012
2000
2010
Copyright 2012
6. Media Resources
Resources
Macleans.ca Econowatch:
http://www.macleans.ca/economy/
Copyright 2012
Any Questions?
Wrap Up &
Questions
Ivey Incoming Exchange September 2015
Have a great
first week!
Remember to signup for your
one-on-one appointment with
Meagan!
Ivey Incoming Exchange September 2015