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Six approaches driving Canadian competitiveness Add to ...

<p>Innovation and competitiveness aren&rsquo;t just economic buzzwords. These words strike at the heart of one of the most urgent issues facing Canada as it struggles to compete on the global stage: They drive employment, the economy and Canadians&rsquo; very standard of living. </p><p>History is littered with companies that have failed because they didn&rsquo;t adapt quickly enough to a changing world, from a surging currency to shifting market conditions. Nortel Networks is the poster child for the consequences of failure: In its day, it employed nearly 100,000 people and had a market cap of $398-billion. It folded in 2009 and now, even its 6,000 patents have been sold, to a group that&rsquo;s largely outside the country. </p><p>But it&rsquo;s also essential to know what is working. Here are six approaches that are driving Canadian competitiveness from six companies, large and small, home-grown and foreign subsidiaries. </p>

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