May 2009, vol. 11, no. 1
The feature article of the May issue addresses the advantages for small and large firms of forming strategic alliances. These typically can include reducing risk; providing economies of specialization, scale and scope; and utilizing complementary technologies. While large firms seem better placed, with ample resources and skills at their disposal, there is generally a lack of flexibility in responding to market signals and lower innovative intensity. Alternatively, small firms are a rich source of new technologies, state-of-the-art engineering talent and innovative capacity, but strategic alliances may temporarily provide the necessary assistance and resources needed for successful commercialization. Also included in this issue is an article on the latest data from the Office of the Superintendent of Bankruptcy, which measures the insolvency rates in Canada from the fourth quarter of 2007 to the fourth quarter of 2008. Other articles in the issue deal with job creation, which provides the distribution of payroll employment by firm size and industry, and self-employment figures by industry.
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