.... force quality; International business skills; raw materials; energy costs; infrastructure; business services and legal environment. Domestic Market Canada's per capita purchasing power is second only to that of the United States, among the G-7 countries, and the OECD expects Canada to lead the industrialized countries in near-term economic growth. Inflation is below two per cent and forecast to remain low. Cost of money is lower than it has been for decades. Exports are at record high, having increased by 14 per cent in 1993 over 1992. Under free trade, Canadian-based companies have increased their market share of the Canada .....

.... government acting through the central bank, agrees to buy or sell as much of the currency people wish to trade at the fixed exchange rate. Most central banks act as the government's banker, the Banks' bank, lender of last resort and issuer of notes as well as supervising the banking system and operating monetary policy. Monetary policy refers to the attempts to manipulate the interest rate and the money supply so as to bring about desired changes in the economy. The aims of monetary policy are the same as those of economic policy generally. They are the maintenance of full employment, price stability, a satisfactory ra .....

.... a more common occurrence. McDonald's became a mastermind of marketing toward specific markets by pioneering ideas such as breakfast menus, healthier choices and alternatives, and "adult" foods. McDonald's has truly evolved into a world power by paying attention to the needs and wants of the changing market and adjusting to these needs. LINKING THEORY : Ray Kroc saw early on what needed to be done. He changed what was at one time a product orientation, into a marketing orientation. Back in 1955, this was still a new type of management. From the beginning, Kroc was already in the forefront of marketing. Marketing orientation f .....

.... he focused on morality. The way in which one behaves suggests their morals. Morality is primarily concerned with attempting to define what is good for the individual and also the society. If the good is known, the obligation to pursue it becomes evident. People must decide in each new situation what their duties are. Morality and self - interest are connected. To have good morals one must decide what is best for not only themselves but for others also. One concern, which was valuable to Smith, was happiness. The two basic ways he thought happiness was achieved was through economics and morality. Self-interest is the pr .....

.... and more began to invest in various money making systems, such as stocks and bonds, investing in companies, and even making their own company. Anyone who had an idea could make a company to produce it. The most powerful business tycoon of the 1920's was Sir Herbert Holt. Holt controlled so much of life in Canada, that when someone woke up, they switched on Holt's lights, cooked their breakfast on Holt's gas, smoked one of Holt's cigarettes, read the newspaper that was printed on Holt's paper, went to work on one of Holt's streetcars, sat in an office heated by Holt's coal, and then at night, went to see a movie at one .....

.... skill were demanded (command economies have neither), Flexible production to meet a variety of needs (command economies have large factories to keep production high - they, thus, did not have the funds or ability to affect the necessary changes to their means of production), the "information age" meant that the communist bloc had to deny the new prevalent types of technology, which would spread Western ideas, and thus they fell behind), and "software" became essential to the growth of industry (the "hardware" focus of the East could not absorb this new approach. As well, the changes are being attempted in a deep period of econo .....

.... depreciating its currencies, Asia is exporting its deflation, its overcapacity and its lack of growth to the West, particularly to the US. History The past ten or fifteen years have seen an unprecedented expansion in the extent to which the countries of the world are tied together, both by instant communication and by international trade, institutions, and markets, including financial markets. On the whole, this process of globalization has been an enormously positive development. It has opened new markets, enhanced competition, spurred innovation, and provided new opportunities for workers, farmers, and businesses around the wor .....

.... of economic systems arose as a response to capitalism. These systems included Marxist-based Communism and the Nazi system in Germany, also known as National Socialism. Nevertheless, in the search for an economic solution, capitalist systems demonstrated a remarkable ability to survive. Capitalism is an economic system in which the means of production and distribution are privately owned and operated for profit (Webster's pp.92). Though the term capitalism was not introduced until the mid-19th century, the individual who comes closest to being its originator is the Scottish philosopher Adam Smith. Smith first set forth the essent .....

.... are almost no limitations as to what they may accomplish. He believes working together in a collaborative manner is going to be the way of the future companies of the world. As with everything in life there are always drawbacks to a good thing. Granted that team management does sound like a great idea, there are many obstacles along the way that you will need to overcome. In a recent article in Industry Week the author talks about how a team will need to avoid stagnation and plateaus while working. The team members must also be able to communicate with one another, with no restriction. In some settings things of this matter ca .....

.... of rationalization further into the realm of everyday interaction and individual identity. McDonald's serves as the case model of this process in the 1990's. ...McDonaldization,...is the process by which the principles of the fast-food restaurant are coming to dominate more and more sectors of American society as well as of the rest of the world. (Ritzer, 1993:1) How Far Has It Gone? Since 1955 McDonald's has grown to over 12,000 outlets worldwide. The central concepts employed in the fast-food industry have spread to all types of restaurants. Everything from pizza to lobster, from ice cream to bread, from alcohol to fried chicken .....