Innovating for prosperity - KPMG · Business GODFREY BOYCE Government SOUELLA CUMMING SIMON HUNTER...
Transcript of Innovating for prosperity - KPMG · Business GODFREY BOYCE Government SOUELLA CUMMING SIMON HUNTER...
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Innovating for prosperityCONNECTION AND PACE
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New Zealand’s growth agenda for prosperity
Innovateor bustMATT PRICHARD
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Last year’s message
What got us hereWon’t get us there
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Whatwill getus there?
82% OF CEOS ARE CONCERNED
THEIR CURRENT PRODUCTSAND SERVICES MAY NOT BE RELEVANT TO CUSTOMERS THREE YEARS FROM NOW
They’re probably
right
If then
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Whatwill getus there?
82% OF CEOS ARE CONCERNED
THEIR CURRENT PRODUCTSAND SERVICES MAY NOT BE RELEVANT TO CUSTOMERS THREE YEARS FROM NOW
They’re probably
right
If then
What are we doing about it?
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KPMG innovating
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WhatNew Zealand needs from…
Business GODFREY BOYCE
GovernmentSOUELLA CUMMINGSIMON HUNTERBRUCE BERNACCHI
CommunitiesKIM JARRETT
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Innovating for prosperity
The role of businessesGODFREY BOYCECONNECTION AND PACE
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Innovating for prosperityCONNECTION AND PACE
The role of businesses
DOUBLEOUR EXPORTS BY 2025
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The issue:value chains and innovation
SOURCE: WORLD ECONOMIC FORUM
(NEW ZEALAND IS 13th OUT OF 138 COUNTRIES)GLOBAL COMPETITIVENESS INDEX 2016
NEW ZEALAND
EAST ASIA AND PACIFIC
0
1
2
3
4
5
6
7
INSTITUTIONS
LABOUR MARKET EFFICIENCY
GOODS MARKET EFFICIENCY
HIGHER EDUCATION AND TRAINING
HEALTH AND PRIMARY EDUCATION
MACRO-ECONOMIC ENVIRONMENT
INFRASTRUCTUREINNOVATION
BUSINESS SOPHISTICATION
MARKET SIZE
TECHNOLOGICAL READINESS
FINANCIAL MARKET DEVELOPMENT
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LOW HIGHCAPABILITY TO INNOVATE
NEGATIVE
POSITIVE
SOURCE: KPMG GLOBAL CEO SURVEY
IMPACT OF DISRUPTION
Disruption
ONLY 28% OF CEOS RATE THEIR ORGANISATION CAPABILITY TO
INNOVATE HIGH
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How innovative?What sort of innovation?
Innovating for prosperityCONNECTION AND PACE
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SOURCE: OECD
How innovative is New Zealand business?
2014 OR LATEST AVAILABLE YEAR, % OF GROSS DOMESTIC PRODUCTBUSINESS SPEND ON RESEARCH & DEVELOPMENT FOR SELECT COUNTRIES
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WHAT HAS BEEN
WHAT MIGHT HAVE BEENHow
innovative is New Zealand business? 1.3%
SPEND ON INNOVATION
$245BNGDP TODAY
2.8%SPEND ON
INNOVATION
$330BNGDP TODAYSOURCE: OECD
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CUSTOMER INTIMACY
CONNECTION & COLLABORATION
What’s holding back New Zealand business?
PIVOTAL LEADERS
STRATEGIC ANCHOR
AMBITION& ATTITUDE
INVESTMENT & RESOURCE ALLOCATION
CAPABLE PEOPLE
DEPLOYMENT DISCIPLINE
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What sort of innovation by New Zealand business?
INPUT COMPANIES
FARMERS/GROWERS
TRADERS/MARKETERS
FOOD,CONSUMER,INDUSTRIAL
CONSUMERS
FOODRETAILERS
WE GET
$37BN
THEY PAY
$250BN
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70% +What sort of innovation by New Zealand business?
INPUT COMPANIES
FARMERS/GROWERS
TRADERS/MARKETERS
FOOD,CONSUMER,INDUSTRIAL
CONSUMERS
FOODRETAILERS
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Too much of this…
BRIGHT IDEA PRODUCT DEVELOPMENT
COMMERCIALISATION MARKETING
What sort of innovation by New Zealand business?
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Not enough of this…
START HERE…MARKET RESEARCH CUSTOMER TESTING
BRIGHT IDEA
PRODUCT DEVELOPMENT
COMMERCIALISATION CUSTOMER EXPERIENCE
CUSTOMER FEEDBACK
What sort of innovation by New Zealand business?
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Innovating for prosperityCASE STUDY: MOANA
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Innovating for prosperityCASE STUDY: MOANA
STRATEGIC ANCHOR
CAPABLE PEOPLE
DEPLOYMENT DISCIPLINE
INVESTMENT & RESOURCE ALLOCATION
CUSTOMER INTIMACY
CONNECTION & COLLABORATION
AMBITION& ATTITUDE
PIVOTAL LEADERS
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Innovating for prosperityCASE STUDY: MOANA
FISHERS
TRADERS/MARKETERS
FOOD,CONSUMER,INDUSTRIAL
CONSUMERS
FOODRETAILERS
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Innovating for prosperityCASE STUDY: MOANA
FISHERS
CONSUMERS
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Innovating for prosperityCONNECTION AND PACE
More innovation at customer end
New Zealand needs:
More connection
More spend on innovation
Speed up
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The role of GovernmentSOUELLA CUMMINGSIMON HUNTERBRUCE BERNACCHI
CONNECTION AND PACE
Innovating for prosperity
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INNOVATIVECONNECTION AND PACE
The role of Government
DELIVERY OF OUTCOMES
SOUELLA CUMMING
Innovating for prosperity
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CASE STUDY: INVESTING IN CHILDREN
The role of Government
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The role of GovernmentCASE STUDY: COGNITIVE TECHNOLOGY
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The role of GovernmentCASE STUDY: SOCIAL HOUSING MODEL
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Innovating for prosperityCONNECTION AND PACE
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CONNECTION AND PACE
The role of Government
SIMON HUNTER
Innovating for prosperity
INNOVATIONSUPPORTING BUSINESS
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CONNECTION AND PACE
Innovating where the value is
1%
14% 5%
20%
30%
30%
0%
25%
50%
75%
100%
EXAMPLE VALUE CHAIN
KNOWLEDGE & PUBLIC GOOD
SUPPLY PRIMARYACTIVITY
ADVANCEDACTIVITY
SUPPLYCHAIN
RETAIL TOCONSUMER
HISTORICAL FOCUS80% OF NEW ZEALAND’S R&D EFFORT
VS 20% OF VALUE CHAIN
FUTURE FOCUS80% OF NEW ZEALAND’S ADDED
R&D EFFORT SHOULD FOCUS WHERE 80% OF THE VALUE IS
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IMMATURE NETWORKInvesting in
innovation networks, connections and collaborationCONNECTION AND PACE
IMMATURE NETWORK
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Investing in innovation networks, connections and collaborationCONNECTION AND PACE
ADVANCED NETWORK
IMMATURE NETWORKIMMATURE NETWORK
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Investing in innovation networks, connections and collaborationCONNECTION AND PACE
BUILDING A CITIZEN I.T. ECOSYSTEM FOR PROSPERITY
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CONNECTION AND PACE
The role of Government
Innovating for prosperity
BRUCE BERNACCHI
INNOVATIONFUNDING
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OPPORTUNITIES
Funding Innovation
OTHER7%
GST38%
INCOME TAX55%
TAXSOURCES
SOURCE: OECD
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OPPORTUNITIES
Funding Innovation
SOURCE: OECD
TAX / GDP OECD COUNTRIES
31.4%
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OPPORTUNITIES
Funding Innovation
Base erosion and profit shifting
INTERNATIONAL HARMONY
FRAGMENTED INTERNATIONAL TAX SYSTEM WITH MORE
CONTROVERSY
OR
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CHALLENGES
Funding Innovation
AGEING POPULATION
DIGITAL ECONOMY
INCREASED MOBILITY
INCREASED TAX DISHARMONY
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FUTURE PROOFING
Funding Innovation
IMMIGRATION TAX MIX
SUPERANNUATION BUSINESS GROWTH
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Innovating for prosperityCONNECTION AND PACE
New Zealand needs:World-leading innovation from Government to deliver outcomes
Networks sponsored by Government to drive the scale and pace of business innovation
Innovative tax policy settings to fund a prosperous future
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The role of communitiesKIM JARRETT
Innovating for prosperityCONNECTION AND PACE
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REDUCECONNECTION AND PACE
The role of communities
Innovating for prosperity
INEQUALITY
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COST TO THE INDIVIDUAL
The cost of inequality
SOURCE: STATISTICS NEW ZEALAND
FEMALE
MALE
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COST TO THE INDIVIDUAL
The cost of inequality
SOURCE: STATISTICS NZ
FEMALE
MALE
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COST TO BUSINESS
The cost of inequality
62,000NEW JOBS IN
AUCKLAND BY 2030
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COST TO THE COUNTRY
The cost of inequality
SOURCE: OECD
IMPACT OF INEQUALITY
WITHOUT IMPACT OF INEQUALITY
ACTUAL
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COST TO THE COUNTRY
The cost of inequality
SOURCE: OECD
IMPACT OF INEQUALITY
WITHOUT IMPACT OF INEQUALITY
ACTUAL
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CASE STUDY
The cost of inequality
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Innovating for prosperity
New Zealand needs:More education innovation
CONNECTION AND PACE More housing innovation
More health innovation
More collaboration
Less inequality
Fast
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Innovating for prosperityCONNECTION AND PACE