Rachel Mendleson has put together an excellent article for the Huffington Post.
Of note is Canada's shift towards oil, gas and mining as a key driver of the economy.
The chart below (via Huffington) shows the decline of manufacturing as a percent of GDP and the increase of the natural resource sector over an 11 year period.
So is this a bad thing?
Too many eggs in one basket?
Doom and gloom?
No.
Business is simply going where Business goes.
As the US continues it's economic sputter, China has become a source of real opportunity.
Working with private business across the world, we see this situation Canada faces reflected in individual businesses again and again. Do I follow the money trail? Do I stay with what has brought us this far?
The answer is usually a diversified approach.
Completely abandoning a product or even a strategic direction may make sense in some cases, but many times a mixed approach of retaining a company's history, customer base and core while pursuing a new opportunity is the best recipe.
To read more about Canada's shifting direction read the full article from the Huffinton Post here.
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