Alberta planting the seeds for a tech boom but care required

Alongside investing and funding, the government of Alberta must emphasize entrepreneurship and keep co-operating with the private sector

Alberta planting the seeds for a tech boom but care requiredTechnology companies have emerged as clear winners during the COVID-19 pandemic. Jurisdictions without a traditional tech imprint – like Alberta – have funnelled funds to facilitate startups. That’s a good diversification strategy, but they should be careful not to veer into protectionism and favouritism. It came as no surprise that in 2020 retail sales through…

Trust is the foundation for success

Whether it’s a manager having trust in a staff member, employees having trust in their leader or leaders having trust in their decisions

Trust is the foundation for successAs a child, I had a tremendous fear of falling. I would climb a tree and couldn’t trust that the branch wouldn’t break. I climbed cranes, cliffs and buildings, and was always afraid that my footing would slip and I would fall. Perhaps that fear was grounded in the fact that I had already fallen…

Edmonton startup in race to develop lab-grown meat

Industry poised for rapid growth

Edmonton startup in race to develop lab-grown meatA fast-growing Edmonton startup company that’s a new player in the cellular agriculture sector recently received US$2.2 million from three U.S. venture capital firms and a number of private investors. Future Fields, which was incorporated in 2018, was founded by two University of Alberta graduates and a former U of A employee. All but two…

Reward yourself – it will help your performance

Unfortunately, organizations regularly set goals for their employees and rarely celebrate when they are achieved

Reward yourself – it will help your performanceHow often do you celebrate your successes? When was the last time you took the time to reflect on an achievement or treated yourself because you accomplished something that didn’t seem possible before? If you’re like most people, you’re so caught up in the daily routine that you probably don’t stop and celebrate. We work…

Fake it until you make it: How your self-image impacts your performance

You have to believe in yourself

Fake it until you make it: How your self-image impacts your performanceBelieve it or not, your performance is limited. However, the limitations on what you can with your life, your job or your sport are primarily defined by you and not by outside factors. Take for example Roger Bannister, who ran the first sub-four-minute mile in 1954. He had been told – as had all athletes…

Why exercise should be a key component of business success

Numerous studies have shown that regular daily exercise can reduce stress, improve mental health and increase immunity

Why exercise should be a key component of business successMy brother Rob – a 50-something entrepreneur living in Ireland – annoyed me the other day when he told me he’s on track to be the same weight and almost as strong as he was when he was in his 20s. Rob and I have had ongoing competitions since the day Rob was born, which…

Restaurants face a great reset, thanks to COVID-19

Canada’s food service industry has suffered. But the pandemic may be exactly what it has been waiting for to make things better

Restaurants face a great reset, thanks to COVID-19It was certainly a year to be forgotten for the food service industry. Statistics Canada numbers told us this week that food service sales dropped a whopping 32 per cent from the fourth quarter of 2019 to the same period in 2020. The food retail/service ratio, a key metric to assess how important food service…

How to support Indigenous entrepreneurs on the road to success

Business leaders should help build up capacity through mentorship and coaching, then start looking to spend at Indigenous suppliers

How to support Indigenous entrepreneurs on the road to successJeff and William approached me in the fall of 2019 about helping with their ecotourism business. They started the business in 2014 and wanted help growing it and getting more clients. They felt if they could share their traditions and culture with the world, they could provide meaningful jobs for the youth of their community.…

Gig economy offers new efficiencies for public sector

Unfortunately, government hiring rules and public sector unions make it hard to leverage the gig economy

Gig economy offers new efficiencies for public sectorMy landlord friend had a problem and the solution was so novel he had to tell me about it. He lives in Winnipeg but his house tenant in Regina couldn’t remove snow from the property. Not long ago, finding someone to deal with that might have been difficult or expensive, especially if a long-term arrangement…

How to balance reassurance while managing performance

Given everything we’ve been coping with, it’s not surprising that job performance has suffered at times

How to balance reassurance while managing performanceIt has been challenging for many of us to deliver consistent, stellar performance during the COVID-19 pandemic. Given everything we’ve been coping with, it’s not surprising that job performance has suffered at times. Even though there are good reasons for it, it doesn’t make us feel any better about ourselves. Failing to live up to…

U of A spinoff, U.S. firm merge to commercialize transplant technology

Bridge to Life commits US$10 million to clinical trial and commercial development of Tevosol Ex-Vivo Organ Support System

U of A spinoff, U.S. firm merge to commercialize transplant technologyUniversity of Alberta spinoff company Tevosol has merged with the U.S.-based medical technology company Bridge to Life, bringing its game-changing organ transplant devices a step closer to approval, manufacture and global distribution. While Tevosol will remain based in Edmonton, Bridge to Life has committed US$10 million to a multi-centre clinical trial and commercial development of Tevosol’s Ex-Vivo Organ Support…

How frustrated managers can confront the pandemic’s entitlement culture

The cry for help from managers in the public sector is growing. As the lockdowns continue, accountability is slipping

How frustrated managers can confront the pandemic’s entitlement cultureJan was on the verge of tears as we discussed the challenges with her team. “It doesn’t matter how many times I ask Sylvia to get the work done, she always has an excuse for why she can’t deliver,” she said. “On top of that, she doesn’t want to come into the office and wants…

Investing in innovators its own reward says chair of mentoring service

For Kristina Milke, success is measured by the growth of an entrepreneurial community that helps people achieve their dreams

Investing in innovators its own reward says chair of mentoring serviceKristina Milke remembers receiving an email in 2013 from the alumni office at her alma mater, wondering whether she might stop by the University of Alberta to meet with Ray Muzyka of BioWare fame about a new mentoring opportunity on campus. “I was really excited – what an opportunity for me to get some business…

The hidden costs of feel-good stocks

The hidden costs of feel-good stocksThe stakeholder-shareholder debate in finance has narrowed down to a false dichotomy between good capitalism and bad capitalism. Good capitalism means funding green energy to fight global warming, while bad capitalism means investing in fossil fuels, tobacco, or other “sin stocks.” However, the economic downturn should be a wake-up call to investors regarding the hidden…
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