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• 1. "Quit Yanking My Supply Chain" - The Challenges Facing Travel Agencies in Canada Archived

  Journals and periodicals: 50F0003X

  Geography: Canada

  Description:

  Travel Agencies in Canada enter the new millennium with many challenges. The gap that they must bridge is a possible erosion of both revenue and customers. The aviation industry has been imposing caps on commissions resulting in the requirement for agencies to sell more product to generate the same revenue. At the same time, selling more product could be more difficult as air carriers and hotels are increasingly offering more direct sales on the Internet. This web presence has enabled carriers and hotels to deliver their product bypassing the travel agencies in the supply chain. There is also increased competition from travel sales web-sites that attempt to attract the business that local travel agents once could have considered as their own. The paper will examine the nature of the challenges facing this service industry and the possible responses.

  Release date: 2000-06-08

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• 2. Failing Concerns: Business Bankruptcy in Canada Archived

  Journals and periodicals: 61-525-X

  Geography: Canada

  Description:

  Bankruptcy rates have been increasing in Canada. Almost half of the firms in Canada that go bankrupt do so primarily because of their own deficiencies rather than externally generated problems. They do not develop the basic internal strengths to survive. Overall weakness in management, combined with a lack of market for their product, cause these firms to fail.

  This study suggests that the underlying factor contributing to financial difficulties is management failure rather than external factors associated with imperfect capital markets. Many bankrupt firms face problems in attaining financing in capital markets; but, it is the internal lack of managerial expertise in many of these firms that prevents exploration of different financing options.

  Release date: 1998-04-01

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• 1. "Quit Yanking My Supply Chain" - The Challenges Facing Travel Agencies in Canada Archived

  Journals and periodicals: 50F0003X

  Geography: Canada

  Description:

  Travel Agencies in Canada enter the new millennium with many challenges. The gap that they must bridge is a possible erosion of both revenue and customers. The aviation industry has been imposing caps on commissions resulting in the requirement for agencies to sell more product to generate the same revenue. At the same time, selling more product could be more difficult as air carriers and hotels are increasingly offering more direct sales on the Internet. This web presence has enabled carriers and hotels to deliver their product bypassing the travel agencies in the supply chain. There is also increased competition from travel sales web-sites that attempt to attract the business that local travel agents once could have considered as their own. The paper will examine the nature of the challenges facing this service industry and the possible responses.

  Release date: 2000-06-08

  ---

• 2. Failing Concerns: Business Bankruptcy in Canada Archived

  Journals and periodicals: 61-525-X

  Geography: Canada

  Description:

  Bankruptcy rates have been increasing in Canada. Almost half of the firms in Canada that go bankrupt do so primarily because of their own deficiencies rather than externally generated problems. They do not develop the basic internal strengths to survive. Overall weakness in management, combined with a lack of market for their product, cause these firms to fail.

  This study suggests that the underlying factor contributing to financial difficulties is management failure rather than external factors associated with imperfect capital markets. Many bankrupt firms face problems in attaining financing in capital markets; but, it is the internal lack of managerial expertise in many of these firms that prevents exploration of different financing options.

  Release date: 1998-04-01

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