Strateget management Reflection Assignment Example | Topics and Well Written Essays - 2000 words

Strateget management Reflection - Assignment Example Needless to say, it is something every company executive must keep in mind in running their business. Quite frankly though, this is a bit of a no-brainer for me; I have been raised from birth to be responsible in all aspects of life, so strategic management isn’t something I am incapable of. While it is true that different people may have varying degrees of success in this regard, this will still help any business no matter what field. Case in point: all big name companies that we have known, regardless of whether they were forced to declare bankruptcy, were able to pull this off somehow else they would never have gotten off the ground. Most of us, even non-business majors, no doubt already know this. This being the case, it becomes even more important to learn this skill which will spell the difference between success and failure in our careers. In particular, three steps are most important in my opinion – scanning both the external (knowing one’s surroundings) and internal (knowing oneself) environments, as well as the competition (knowing the enemy), which will be the focus of this paper. As I heard somewhere before, only by knowing both oneself and the enemy (or in this case, competition) can success be guaranteed. According to Elisabeth Chapus et al (2010), environmental scanning, both internal and external, is meant to aid managers in making decisions and to respond adequately to weak signals coming from the environment. Coming up with plans usually entails taking into account the current situation, and strategic management is no exception. However, unlike normal planning that focuses mainly on thinking of the future, strategic management emphasizes good decision-making in order to achieve a desirable future (Craig Dobbins, 2010). To this end, managers must be able to make educated guesses about the future based on what they see now, achieving a fit in terms of how the company can

Leaving Canada - What tax issues should a Canadian leaving Canada Article

Leaving Canada - What tax issues should a Canadian leaving Canada consider so that they become non-resident for Canadian tax pur - Article Example Therefore, once a person moves out of Canada, they would want to break all ties with the country, thus making them non-residents. Being a Canadian non-resident means that one is allowed to pay less (or no) taxes to Canadian Revenue Agency. In order to achieve this non-payment of taxes, one must ensure that he establishes new residence in the country he migrates to, and sever all residence ties with Canada. This is because, as â€Å"Tax for Canadian Expats† provides, the Canadian tax agency can only consider someone as a non-resident after they have been living out of Canada for 24 months. According to â€Å"Emigrants and Income Tax 2011†, one can sever residential ties with Canada by selling or leasing out his Canadian homes on a long-term basis and establishing permanent homes in his new country (4). Secondly, one can have his spouses and dependants, if any, leave Canada and join him in his destination countries. A Canadian expatriate can also dispose of any property h e has in Canada, surrender his driving license, credit cards, and health insurance (ibid). If one does not sever his residential ties with Canada, then he is liable for the taxation of his overseas income. Tax obligations to Canada After a person leaves Canada and severs all residential ties with the tax agency, there are a number of source incomes that are liable for taxation under the Canadian law. According to â€Å"Leaving Canada Checklist† the payers in Canada are allowed to a withholding tax rate of 25 per cent (5) on some income sources. Some of the income sources liable to this taxation include rental payments, annuity payments, retiring allowances, and dividends. An emigrant is obligated to pay tax on these types of income sources and can, therefore, not file any return claims. However, as â€Å"Tax for Canadian Expats† provides, an expatriate who receives income from such sources as real estate and timber operations may decide to pay taxes using a different t axing method then ask for a refund on some of the withheld tax. In addition, an emigrant has tax obligations to Canada if they owed the country any taxes prior to their departure. A person can also file for a refund if they paid excess taxes to the Canadian tax agency. According to the provisions of â€Å"Emigrants and Income Tax 2011† such returns should be filed on or before the 30th day of April, the year after the expatriate moved out of Canada (7). Tax obligations to the new country of residence Most countries have a system of taxing the incomes of their residents. This means that a person migrating from Canada to another country will most probably have to pay taxes on their income in the destination country. Accordingly, â€Å"Tax for Canadian Expats† advices that such a person should ensure that these taxes are paid for by their employer, by insisting on a written contract specifying that the company is responsible for the payment of such taxes. The employee sho uld keep records to show that they have paid those taxes, by obtaining copies of tax returns filed on their behalf by the recruiting company (ibid). Proof of payment of taxes in a foreign country enables an emigrant to request for the deduction of Canadian tax