The Ties That Bind: Corporate Mentoring with Aboriginal Firms
The Conference Board of Canada, 22 pages
May 1, 2000
A vibrant sector of Aboriginal firms is emerging, and its growth is vital to the economic self-reliance of Aboriginal communities and to Canada’s performance. While most of these firms are profitable, overall they lag behind the Canadian average because of inadequate access to capital, management skills and markets.
The corporate business rationale for building Aboriginal corporate capacity is that it is good business practice, it establishes a source of effective local suppliers, and it ensures that a fair share of the benefits from economic development goes to Aboriginal communities.
As the case studies in this report show, leading corporations are supporting Aboriginal firms by establishing business mentoring relationships with them, transferring management know-how and facilitating access to contracts and joint venture opportunities. Essential to their success is greater access to management skills, resources, technology and markets.