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Globalisation is a burning issue among the whole world some countries are developing by this trend or others might be facing the problems. Canada is also one of them. Globalisation, the whole world is becoming a small village. By this trend people are exchanging their living styles culture traditions with each other because of this they become closer as compared to the earlier time.
Well, there are lots of opportunities and risks for countries by spending a lot of money. There are large number of international companies doing business in Canada, however some of them getting higher profit and some are doing down. Some companies like Hudson’s Bay, Canadian Tire and Walmart are enjoying great success time in Canada.
We are choosing the Hudson’s Bay for our team project. This is a reupdated company in Canada and satisfying Canadian people are crazy about this bran because this firm is providing them whatever they need. It includes environment for shopping to their customers and we research about this company and found that this company is doing great business in Canada and they are expanding their business because people get all branded things only in one roof.
Here is little description about Hudson’s Bay company founded in 1670, and it is the oldest company in North America. Nowadays, Hudson’s bay company have more than 480 stores and near about 70000 employees in the world. Hudson Bay company has remarkable investments in real estate by joint venture. It is its business with Simon property group Inc. In the Hudson’s Bay company ‘s global properties joint ventures, which also owns the properties in use and Germany. In Canada, Hudson’s Bay company is partnered with RioCan real estate investment trust in the RioCan – Hudson’s Bay company joint venture.
ENVIRONMENTAL IMPACT Subsidiary Vancouver Coal Mine; Coal mining on Vancouver islands began in 1849 when the Hudson’s Bay Company sent a small group of Scottish and Welsh miners to Fort Rupert on the northeast coast, approximately halfway between what are now the towns of Port Hardy and Port McNeil and a few kilometres south of the existing Port Hardy airport. A thin coal seam outcropped on the beach at the mouth of Squash Creek, a few kilometres south of the fort. Other seams were discovered by shallow boreholes put down from the outcrop, and limited development work was begun. A few hundred tonnes of coal were mined, but due to irregularities of the seam, the hostility of the local natives, and finally, news of the more promising discoveries at Nanaimo, much further to the south, the Squash mine was abandoned.
TRADE IMPACTS In this section of the project we will be focusing on how global trade has affected the HBC and Canada
CULTURAL IMPACTS As companies continue to expand across borders and the global marketplace becomes increasingly more accessible for small and large businesses alike, 2017 brings ever more opportunities to work internationally. Multinational and cross- cultural teams are likewise becoming ever more common, meaning businesses can benefit from increasingly diverse knowledge base and new, insightful approaches to business problems. Recognising and understanding how culture affects international business in three core areas; communication, etiquette, and organisational hierarchy can help us to avoid misunderstandings with colleagues and clients from abroad and excel in a globalized business environment.
IN CONCLUSION our project will focus on the globalization of the HBC. Our three main points will cover the environmental, trade, and cultural impacts on Canada.
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