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

. 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)

Soviet era 5-10 year central command supply control formula planning was rigid political and corrupted. Canada needs a pattern of GOOD short and long term planning that is repetitively stable and can be depended on in the long term.Canada is proving itself to be incompetent.

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.

Frank Stronach: Short-term thinking is holding back corporate CanadaEvery company claims to be focused on the future, but not many truly are 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.
Source: nationalpost - 🏆 10. / 80 Read more »

Frank Stronach: Short-term thinking is holding back corporate CanadaEvery company claims to be focused on the future, but not many truly are
Source: OttawaCitizen - 🏆 21. / 68 Read more »

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 »

Morneau says PMO consumed with short-term politicking, longer-term growth prospects not a priorityBut the recent report on Canada’s fiscal outlook, quarterbacked by former Bank of Canada governor David Dodge, underlines the serious challenges we face. It assumes a potential growth rate of 1.8 per cent through the 2020s, too low to deliver the kind of country we want, writes David Crane.
Source: TheHillTimes - 🏆 11. / 79 Read more »

Young filmmakers to take part in second Newfoundland and Labrador High School Short Film Festival | SaltWireST. JOHN'S, N.L. — The Newfoundland and Labrador High School Short Film Festival is returning for its second edition this year, with a virtual presentation ...
Source: SaltWire Network - 🏆 45. / 63 Read more »