The president along with Business Development Bank of Canada on 28th January 2009, is thinking about the impact of the minister of finance's statement in his recent 2009 budget that the lender would provide a new financial product to aid auto and heavy equipment dealers suffering through the international financial and economic catastrophe. A completely owned Government of Canada Crown corporation, the bank’s mandate should be to aid develop and create Canadian companies through funding, subordinate financing, venture capital and consulting services, with a focus on small and medium -sized enterprises.
It's anticipated to complement private sector financial institutions and to earn a rate of return on common equity or equal to the government's average long-term cost of capital. Taken by surprise because of budget secrecy, the president has spent the last two days in dialogs along with senior government officials, his staff and his board chair. The president needs a strategy to immediately found this new and totally unfamiliar line of business while browsing the complex government and stakeholder environment.
PUBLICATION DATE: July 29, 2014 PRODUCT #: W14351-HCB-ENG
This is just an excerpt. This case is about STRATEGY & EXECUTION
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