Frank Stronach: Short-term thinking is holding back corporate Canada

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 65 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 80%

Canada Headlines News

Canada Latest News,Canada Headlines

Every company claims to be focused on the future, but not many truly are

. Some companies find early success with a breakthrough innovation, but then simply stop innovating and get left in the dust. It’s not just startups that need to be innovative — so do some of the biggest corporations on the planet.

It’s why Meta, the company that used to be known as Facebook, is placing a big bet on the metaverse as the key to its future profits and growth. That same pressure to find new products and new markets for future growth is also keeping executives awake at night at corporate giants like Amazon, Apple and Tesla.Article content

When I was chairman of Magna, because I was the controlling shareholder, our executives didn’t always have shareholders breathing down their necks to produce short-term profits. We could undertake certain business projects or developments knowing that they might not make a profit for a few years. We were also able to sit down and plan five, 10 or even 20 years down the line without the immense pressure that some firms face. That gave the company an enormous advantage.

Today, I’m still planning for the future. I’ve invested a significant amount of capital into two new businesses: one that specializes in organic agribusiness and another that is focused on electric micromobility transportation. I believe these are two of the fastest-growing economic trends in the world today.National PostFrank Stronach is the founder of Magna International Inc., one of Canada’s largest global companies, and an inductee in the Automotive Hall of Fame.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

rather pointless to post a story that can only be half read due to your pop-ups and subscription requirements. Either post a story and let people decide to subscribe or keep annoying them to the point that they cancel their subscriptions. Get out of the way.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A short-lived 'punch in the face' cold snap is coming for Eastern CanadaThe beginning of February is expected bring Arctic-like temperatures across much of Eastern Canada, thanks to frigid air from the polar vortex. The cold snap will descend on Eastern Canada this week, with temperatures becoming seasonable again on Sunday. In between, much of Ontario, Quebec and Atlantic Canada can expect the coldest days yet this winter. Bring it I'm excited :) live the cold, haven't felt that kind of cold since I was a kid. 🙄 High teens low 20s? 🥱🥱 More sensationalized weather porn
Source: CTVCalgary - 🏆 26. / 68 Read more »

Statistics Canada to release latest data on Canada's economic growth Tuesday$openGraphObjectMap.get($ogKey) ⬇️🚽 I had to take a second full time job. Economy is just fine. 😆
Source: CP24 - 🏆 30. / 67 Read more »

Solana [SOL] blocked by a short-term supply zone – Can bulls bypass it?Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion SOL was in a neutral structure on the three-hour chart. The Funding Rate remained positive despite a slowed development activity. Solana [SOL] swiftly went from $20 to $25 on Friday, 20 January. Afterward, a […]
Source: CryptoAmb - 🏆 22. / 68 Read more »

Proposed tax levy hike is a whisker short of 6 per centIf approved by city council, more than half of the capital budget will be spent on roads More money less service. This is getting to be the norm for cityssm. Maybe bows not a good time for an extra 1.4 mil at the tweakers plaza. sootoday CitySSM There is $11.4 million (actually probably closer to $13 million by the time they are done) being wasted downtown on the plaza. Should have been using this to fix our roads or help fight the continued drug issues in this city. Six percent is a pretty hefty year over year increase on the levy... Anyone not recalling feudalism? Or have they already dropped that part of history in classes? Right now CitySSM is starting to look like the fiefdom of Nottingham. ChiefStevenson1 needs more money.
Source: SooToday - 🏆 8. / 85 Read more »

Canadian short-track speedskater Florence Brunelle wins silver at world juniorsCanadian short-tracker Brunelle wins silver
Source: globeandmail - 🏆 5. / 92 Read more »

Adani accuses short-seller Hindenburg of attacking IndiaIndia's Adani Group, run by Asia's richest man, has hit back at a report from U.S.-based short-seller Hindenburg Research, calling it 'malicious,' 'baseless' and full of 'selective misinformation.' Shares in the conglomerate have suffered massive losses since Hindenburg issued its report alleging fraud and other malfeasance.
Source: CTVNews - 🏆 1. / 99 Read more »