innovation for country transformation
DESCRIPTION
This presentation will discuss what we can do for Canada, that is, understanding the problem (productivity crisis), productivity decline, innovation and what’s next for Canada.TRANSCRIPT
Cisco Confidential© 2010 Cisco and/or its affiliates. All rights reserved. 1
Innovation forCountry Transformation
Nitin KawalePresident, Cisco Canada
June 2012
© 2010 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 2
A Perfect Storm is on the Horizon
The time is right – Government recognizes global decline in innovation as major challenge– 14th in innovation. 18th in using ICT for business benefit
“PM, Finance and Industry to make innovation a top policy priority in 2012” – Headline from The Hill Times Online, March 20, 2012
John Chambers says: “Canada gets it” “Canada is the #1 country to do business in”
Cisco Confidential© 2010 Cisco and/or its affiliates. All rights reserved. 3
WorkplaceChallenges in Canada
for CanadaWhat can we do
© 2010 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 4
Understanding the Problem: The Productivity Crisis"For too long, we as a country depended on a lower dollar, we used it as a crutch. We've got to get over that, and live with a dollar at par, or close to it, and find more innovative ways to do things."- Harry Hall, president, Aberfoyle Metal Treaters Ltd. of Guelph, Ont.
"Canada's recovery is progressing, but it is relying heavily on sweat and toil, and not on brains and innovation." - Douglas Porter, Bank of Montreal economist
© 2010 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 5
Productivity in Decline• Declining productivity means we’re missing opportunities
Productivity investment per Canadian worker is 60% of US levels
14th among OECD nations for innovation performance and productivity
• Canada’s capacity for innovation and ability to absorband deploy technology ranked 18th in the world
• Canada labour productivity growth is declining:1.9% annual average each year during the 1990s
0.7% annual average from 2000-2009
• Canada needs 4X current rate of productivityand sustain it for 15 years to close to Canada-US gap
A global problem. Other nations are likewise challenged
© 2010 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 6
Productivity Drives Standard Of Living
5%
3%
1%
100%
25%
50%
75%
0 9 18 27 36 45 54 63 72
Standard of Living Doubles in 14 Years
Standard of Living Doubles in 72 Years
Standard of Living Doubles in 24 Years
Source: Net Impact Study Years
Cisco Confidential© 2010 Cisco and/or its affiliates. All rights reserved. 7
in Order to AccelerateWe Need to Innovate
© 2010 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 8
From Where Does Innovation Come?External sources of ideas and innovation
Business partners
Customers
Consultants
Competitors
Associations, trade shows, etc.
Academia
Employees (general population)
Sales or service units
Internal R&D
Internal sources of ideas and innovation
0% 5% 10% 15% 20% 25% 30% 35% 40%
0% 5% 10% 15% 20% 25% 30% 35% 40%
© 2010 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 9
So…the Future is All About “Connecting”
Wherewe work
When we work What toolswe use
Who WeWork With
Howwe work
Collaboration is more critical than ever
© 2010 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 10
Canadian Are Ready…• 70% use social media
• Canadians among the busiest users of social media
• LinkedIn has more than 2 million Canadian members
• 16 million Canadians on Facebook
• 47% use Twitter
• 58% of Canadians say they have blogged
• 61% of businesses track what’s being said about them online
But business is NOT ready. We want to help
© 2010 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 11
Country Impact – Think Big, Thing Bold, Move FastOur Guiding Principles: • Impact local innovation & productivity to
change the trajectory of the nation
• Influence the economic development of the unique geographies of Canada
• Elevate our relationships – politicians, families, companies, communities – appeal to their passions for their geography
• Become the #1 IT brand in Canada
• Set a bar that no competitor can reach
© 2010 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 12
Partners & Customers
EmployeeEngagement
Governments
NGOs
R&DAcquisitions
Corporate Social Responsibility
Compete on a different
level
Cisco CanadaA 360 Approach to Innovation
Brand Awareness
Universities &Innovation Centres
© 2010 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 13
Results & OutcomesAccomplishments:• Advisor to Federal, Provincial and City Governments
• Nationally recognized thought leaders
• 300 new R&D jobs in Canada facilitated by $25M grant from the Province of Ontario – just the start
• Top 3 “Best Company to Work For” in Canada over the last 3 years
• #3 Country in Cisco
• A culture of firsts and innovation (Bigger, Bolder, Faster)
• Employee’s have a higher purpose
© 2010 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 14
• Keep experimenting
• Execute on government MOUs
• “Connected North”
• Reverse Mentoring
• Vertical Rainmakers
• Create a truly “social business”
• Enable the “future of work”
What’s Next for Canada?
Our focus on innovation needs to continue
Cisco Confidential© 2010 Cisco and/or its affiliates. All rights reserved. 15
Shaping the future of our communities
Thank you.