GTA FINANCIAL  SERVICES CLUSTER 2010<br />BY: Mark Kong <br />
What is a cluster?<br />a “cluster” is defined by Michael Porter as <br /><ul><li>a concentration of companies and industr...
Clusters exchange information in order to further develop and innovate</li></li></ul><li>Role of a cluster<br /><ul><li>In...
Innovation Centre
Convergence Centre
Accelerator
Centre of Execellence</li></li></ul><li>Requirements of a successful cluster<br /><ul><li>Excellent Skill base
Innovative and R&D Capacity
Networks and Partnerships</li></li></ul><li>WHY cluster?<br /><ul><li>Economic Development
Corporate Business Strategy
Innovations
Better Jobs ( Security, Wages)</li></li></ul><li>GTA  FINANCIAL SERVICES CLuSTER<br /><ul><li>The Greater Toronto Area is ...
Upcoming SlideShare
Loading in …5
×

Gta financial clusters 2010

464 views

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
464
On SlideShare
0
From Embeds
0
Number of Embeds
7
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide
  • : 35.8% have a post-secondary certificate/diploma and 46.6% hold a university degree
  • Gta financial clusters 2010

    1. 1. GTA FINANCIAL SERVICES CLUSTER 2010<br />BY: Mark Kong <br />
    2. 2. What is a cluster?<br />a “cluster” is defined by Michael Porter as <br /><ul><li>a concentration of companies and industries in a geographic region, which are interconnected by the markets they serve.
    3. 3. Clusters exchange information in order to further develop and innovate</li></li></ul><li>Role of a cluster<br /><ul><li>Incubator
    4. 4. Innovation Centre
    5. 5. Convergence Centre
    6. 6. Accelerator
    7. 7. Centre of Execellence</li></li></ul><li>Requirements of a successful cluster<br /><ul><li>Excellent Skill base
    8. 8. Innovative and R&D Capacity
    9. 9. Networks and Partnerships</li></li></ul><li>WHY cluster?<br /><ul><li>Economic Development
    10. 10. Corporate Business Strategy
    11. 11. Innovations
    12. 12. Better Jobs ( Security, Wages)</li></li></ul><li>GTA FINANCIAL SERVICES CLuSTER<br /><ul><li>The Greater Toronto Area is the financial capital of Canada and the third largest financial services centre in North America.
    13. 13. The first and second largest financial services centre are New York (US) and London (UK)</li></li></ul><li>MAJOR PLAYERS IN THE FINANCIAL SECTOR<br /><ul><li>BANKS
    14. 14. CREDIT AGENCIES
    15. 15. SECURITY DEALERS
    16. 16. INSURANCE</li></li></ul><li>CANADA’s BIG Five<br />
    17. 17. LABOUR FORCE OF THE CLUSTER<br /><ul><li>Over 200,000 Employment in this Field alone in Toronto.
    18. 18. Skilled Labour force More than80% of financial services employees in the Toronto region have post-secondary designations</li></li></ul><li>Competitive Advantage<br /><ul><li>Skilled Labour force within the region
    19. 19. Operating a financial services firm in the Toronto region is significantly less expensive than in America’s 5 major financial centers, including New York and Chicago.</li></li></ul><li>RECENT InnovationS<br />
    20. 20. Thank YOU<br /><ul><li>Please follow my Blog at http://tfkong.wordpress.com/ for more on financial Clusters</li>

    ×