Lazaridis Institute report links global growth to success of Canadian tech firms
What are the core characteristics of high-growth technology firms in Canada? What international business practices are linked to growth? A new report published by the Lazaridis Institute for the Management of Technology Enterprises at Wilfrid Laurier University, Grow Global: Key Performance Drivers of Canadian Technology Firms, examines these questions and identifies a range of factors linked to the success and growth of Canadian tech firms.
Scratching the surface of the year’s most recent data, the following two business characteristics emerge as being associated with red-hot growth:
- An increase in international sales revenue; and
- Using a cooperation- and reputation-based commercialization strategy that integrates new ideas into an established value chain.