Norstrat is a strategy and management consulting firm that helps organizations achieve their desired outcomes through comprehensive and differentiated analysis, advice, and support.
We work with clients across all industries and geographies, but our roots are in the Canadian North. Our name references both our location and our focus on creating value for our clients by leveraging Northern strengths.
Norstrat was founded in 2006 by two former McKinsey & Company consultants who saw an opportunity to bring world-class strategic thinking and management practices to the Canadian North. Norstrat has since grown to a team of over 30 experienced professionals based in Edmonton, Alberta.
Our work is grounded in an understanding of the unique challenges and opportunities faced by organizations operating in Northern environments. We have deep expertise in a number of industries that are critical to the Northern economy, including oil & gas, mining, utilities, forestry, transportation, and government.
We are proud to be a 100% Aboriginal-owned company. Our team includes both Aboriginal and non-Aboriginal consultants with a wide range of skills and experience.
This diversity allows us to provide our clients with insights and perspectives that can only come from working with people who understand both the Northern context and the broader business world.
The Northern Strategy
The norstrat is a key part of the Norstrat Plan. It builds on the previous government’s Northern Powerhouse initiative and sets out a clear vision for the future of the North of England.
The Northern Strategy has four main objectives:
1) To grow the economy of the North of England
2) To improve transport connectivity in the North of England
3) To invest in skills and innovation in the North of England
4) To create more and better jobs in the North of England.
The Northern Strategy was first introduced in the early 2000s as a way to spur economic development in Canada’s northern regions. The strategy has three main pillars:
1) Investing in infrastructure: This includes investments in energy, transportation and telecommunications infrastructure to improve connectivity and access to resources in the North.
2) Developing human capital: This involves initiatives to develop the skilled workforce needed to support economic growth in the North.
3) Promoting responsible resource development: This means working with industry and Indigenous partners to promote sustainable development of natural resources while respecting environmental concerns.
The Norstrat has been successful in attracting investment and creating jobs in the North. However, there is still more work to be done. The Government of Canada is committed to building on the Northern Strategy and continuing to invest in the North so that it can be a strong and prosperous region for all Canadians.
The Norstrat Initiative
The Norstrat Initiative is a partnership between the governments of Canada and Nunavut to revitalize the northern economy and strengthen communities. The initiative will focus on four key areas:
1. Investing in northerners and their communities
2. Developing Northern industries and infrastructure
3. Expanding market access for Northern businesses
4. Protecting Northern resources
The Norstrat Initiative builds on the success of the Norstrat, which has contributed to strong economic growth and improved quality of life in the North over the past decade. The initiative will create jobs and opportunity for northerners, while protecting the environment and promoting sustainable development.
The Norstrat Initiative is a comprehensive strategy to build on the Norstrat and create jobs, grow the economy, and improve quality of life in the North. It includes investments in infrastructure, innovation, and people.
The Initiative will create an estimated 1.8 million jobs and generate $100 billion in economic activity by 2035. It will also help ensure that the North remains a great place to live, work, and raise a family.
The Government of Canada is committed to working with provinces, territories, Indigenous peoples, municipalities, businesses, and other stakeholders to make the Norstrat Initiative a success.
In May 2009, the Harper government released its Northern Strategy, which committed Canada to a new era of engagement in the Arctic. The Strategy had four pillars: exercising Canada’s sovereignty in the Arctic; promoting social and economic development; protecting the environment; and involving northerners in decisions that affect them.
The Norstrat Initiative is an effort to build on the progress made under the Norstrat and to continue to move forward on its commitments. The Initiative has three main components:
1) Strengthening Canada’s presence in the Arctic;
2) Supporting economic development and improving quality of life in northern communities; and
3) Enhancing environmental protection in the region.
Implementing Norstrat
In order to implement the Norstrat, the government of Canada is working with partners at all levels to make sure the right investments are made in the North. This includes supporting infrastructure development, promoting economic growth, and improving social well-being.
In order to implement Norstrat, businesses and organizations need to be aware of the opportunities that exist in the north. They also need to have the right strategies in place to take advantage of these opportunities.
Some of the key strategies that businesses and organizations should consider include:
1. Investing in northern infrastructure: By investing in northern infrastructure, businesses and organizations can help to make the region more accessible and attractive to investors. This can include things like investing in port facilities, airports, and transportation networks.
2. Developing a strong presence in northern communities: It is important for businesses and organizations to develop a strong presence in northern communities. This can help to build trust and relationships with potential customers and partners. It can also provide valuable insights into the needs of the community.
3. Focusing on sector-specific opportunities: The north offers many sector-specific opportunities for businesses and organizations. For example, the mining industry is a major contributor to the economy of the Northwest Territories. As such, there are many opportunities for businesses that provide services or products to this industry.
4. Building partnerships: Partnerships are essential for success in the north. By partnering with Indigenous organizations, businesses can gain a better understanding of the culture and tap into new markets.
Conclusion on Norstrat
The Norstrat is an important part of the UK’s Northern Powerhouse ambition. This strategy aims to target economic growth and connectivity across the north of England, creating an attractive environment for investment and business expansion in 2023.
Not only will this improve infrastructure and create jobs, it will also bring fresh opportunities for existing businesses as well as those looking to set up in the region or expand their presence there.
The Norstrat strategy is a great way for the government to invest in northern communities, businesses and infrastructure.