In the absence of such a champion, there is a serious risk of derailment, reversal or abandonment. Fourth, application of technology, intensive use of human resource competencies and managerial skills are the key tools for achieving results and have to be carefully nurtured and upgraded continuously.
Certainly, our improved inflation and fiscal situation, together with the low interest rates that they have made possible, provide the best climate for fostering productivity that we have had in a long time. Moreover, Canadian businesses have undergone major restructuring during the 1990s in response to increasingly competitive world markets.