According to Suzanne Breton, Senior Manager and Business Strategy and Models expert, it’s important for business models and value proposals to evolve to ensure growth and avoid becoming obsolete.
Today’s recipe for success might not necessarily work tomorrow. This should be an ongoing process, not just something that takes place when the business is facing a crisis. The information should also be kept close at hand.
“A company does not operate in a vacuum and must keep a constant eye on the market. It can no longer be limited to its region, country or industry. Competition is global and transversal,” says our Management Consulting expert.
A global centre for artificial intelligence research, Quebec is still behind in applying this technology in business. Why?
Sadly, several misconceptions persist such as “it’s too expensive”, “too complicated”, “too difficult”, “doesn’t pay enough” or even, “it’s not the right time”.
Éric Nguyen, Senior Manager in charge of the artificial intelligence practice at Raymond Chabot Grant Thornton says: “Several entrepreneurs have been let down by promises that technological innovation was unable to keep since the start of the century.”
“Innovation is not an end in itself,” he continues. “It must bring value to the business by either increasing revenues or decreasing expenses. In the past, innovators were far too interested in developing solutions that did not lead to tangible benefits.”
Raymond Chabot Grant Thornton advises MTL Grandé Camera on a refinancing transaction.
Raymond Chabot Grant Thornton is pleased to congratulate MTL Grandé Camera (“Grandé Camera”) on the successful closing of a refinancing with a new lender.
Grandé Camera is a leading provider of equipment and studio rental services for the television and movie production industries in Quebec and Ontario. Grandé Camera carries an extensive range of audio-visual, lighting, pre- and post-production equipment, and, combined with its multiuse studios, provides customers with the convenience of a one-stop shop for all their production requirements.
Grandé Camera will use the additional capital to support its growth plan with important investments in working capital and capital expenditures.
‘‘Raymond Chabot Grant Thornton played a significant role with respect to the development and execution of Grandé Camera’s refinancing strategy. The Corporate Finance team provided key advice and supported management on important decisions throughout the financing process. The time was short, and the pressure was high. Walid and Saki proved to be not only good advisors, but involved themselves like real partners would. Raymond Chabot Grant Thornton will definitely handle my next transaction,” says Iohann Martin, President and CEO, Grandé Camera.
To learn more about how Raymond Chabot Grant Thornton can help meet the needs of your business, please contact our deal team.
The prestigious 2018 Prix créateurs d’emplois du Québec gala, the annual event celebrating organizations that create and maintain jobs in Quebec and contribute to its prosperity, was held on October 24, 2018.
Video presented at the gala
Successful businesses from all regions in Quebec were recognized during this major event, which brought together more than 1,000 people, including Quebec Premier François Legault.
Three national awards were also presented to exceptional businesses: the Grand Prix Champion, to Olymel S.E.C., Grand Prix Coup de cœur, to Miralis and the Grand Prix Manufacturier innovant national, to LM Wind Power. Congratulations to the recipients!
Raymond Chabot Grant Thornton honoured
The event also celebrated Raymond Chabot Grant Thornton’s 70th anniversary. The firm’s constant commitment to giving local businesses the means to achieve their ambitions and unlock their full growth potential was doubly honoured.
First, there was a tribute to the professionalism and quality of the firm’s 2,500 professionals during the VIP cocktail, attended by the Quebec Premier and several dignitaries, including four regional Vice-Presidents, Richard Chrétien, Éric Dufour, Guy Fauteux and Mario Morin, partner, Jocelyn Renaud and other firm representatives.
Premier Legault and Pierre Cassavi, President of the Prix Créateurs d’emplois du Québec, presented a painting to President and CEO, Emilio B. Imbriglio, to honour the firm and recognize Emilio’s commitment to communities and to representing the interests of the business community.