LONDON, ONTARIO – April 1st, 2016 – New research from the Lawrence National Centre for Policy and Management entitled Attracting Global Mandates: Summary and Recommendations focuses on how Canadian manufacturers can win the fierce global competition for production and R&D mandates. The second phase in the Future of Canadian Manufacturing Project employs the Ivey Business School’s case study method to understand the strategy of successful CEOs and the role that governments can play to support them.
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"Recently, foreign direct investment for greenfield manufacturing projects in Canada has grown at a substantially slower pace when compared to both the United States and Mexico,” said Paul Boothe, Director of the Lawrence National Centre for Policy and Management. “Intra-firm competition is fierce and we need to understand how Canadian CEOs at global firms win R&D and manufacturing mandates. This is a competition that we cannot afford to lose."
On the government side, the research digs deeply into approaches to investment attraction by best practice organizations including Pro-Mexico, Select USA and Invest HK in order to better understand their success in attracting manufacturing investment to their jurisdictions.
Attracting Global Mandates makes three recommendations based on significant engagement with business, government and academic defining the highest-priority practical actions that could help attract investment in advanced manufacturing in Canada. Participants identified practical steps governments could take to raise Canada’s game to the level of its best-practice competitors. These recommendations centre around Canada’s need to adopt a deep strategy, identifying target sectors based on close and formal coordination across federal and provincial governments.
The summary report titled Attracting Global Mandates: Summary and Recommendations by Paul Boothe will be followed in the coming weeks by five background reports featuring the detailed studies.
Media Contact:
Ivan Langrish, Senior Manager, Media Strategy
Ivey Business School, Western University
ilangrish@ivey.ca
416-203-0664
About the Lawrence National Centre for Policy and Management
The Lawrence National Centre for Policy and Management bridges business strategy and government policy to contribute to Canada’s global competitiveness. The Centre educates future business leaders in public policy and government leaders in business strategy and conducts leading-edge research on major issues that involve business-government coordination. www.ivey.uwo.ca/lawrencecentre
About the Ivey Business School, Western University
The Ivey Business School (www.ivey.ca) at Western University is Canada’s leading provider of relevant, innovative and comprehensive business education. Drawing on extensive research and business experience, Ivey faculty provide the best classroom experience, equipping graduates with the skills and capabilities they need to tackle the leadership challenges in today’s complex business world. Ivey offers world-renowned undergraduate and graduate degree programs as well as Executive Education at campuses in London (Ontario), Toronto and Hong Kong.
