Kevin Ford, Calian's CEO - Contributes to Vanguard Technology Watch Article on Reasons for Diversification
In Nicole Verkindt's article in the February/March 2016 Issue of Vanguard Magazine entitled "The Case of Diversification and Finding Innovation in Other Sectors" , Calian along with Bombardier and ATCO contribute to the discussion on the value of diversification. In her article, Nicole notes that "....not only is diversification an important risk miitgator for long term survival but that it is truly an opportunity drive innovation across sectors."
(article excerpt below - page 39 print version)
The ABCs of diversification
ATCO, Bombardier, and Calian are other companies we spoke to about the benefits of their diversified approach to their businesses. All three companies are truly examples of truly diversified companies.
When asked why they believe diversification is so critical, we heard the following:
“It is intuitive that an organization would identify if their products, methods or processes developed in one sector are also application in other industry sectors. This allows a company to capitalize on the organizational experience and IP already developed while broadening its revenue base. It also creates economies of scale due to the organization’s ability to re-use products and methods already developed, thus lowering costs and reducing risk. This in fact is a key factor in Calian’s overall growth strategy – that is to proactively seek opportunities to productize extensive services that we offer the defence industry and look for opportunities to expand into other industries.”
– Kevin Ford, President and CEO, Calian.