It is no secret that Canadian businesses have fallen far behind foreign counterparts in competitiveness. Despite ranking ninth in the world in terms of digitization (what Booz & Company calls the mass adoption of connected digital technologies and applications by consumers, enterprises and governments), productivity levels in the private sector are considerably lower than in other OECD countries. High digitization combined with poor productivity almost certainly implies inadequate adoption of technology and a need for increased R&D. High risk aversion contributes to the problem because innovation and risk go hand-in-hand.

Various government programs now exist to encourage investments in information and communication technologies (ICT), R&D and innovation. As a result, it is now time for more private sector enterprises to step up internal efforts to become more productive, not to mention competitive on an international level. Before doing so, however, managers should ensure organizational factors that nurture productivity growth are aligned. This is particularly true for small and medium sized organizations (SMEs) …

http://iveybusinessjournal.com/publication/making-canadas-smes-more-productive/