Innovation for Country Transformation
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Transcript of Innovation for Country Transformation
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
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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
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in Order to AccelerateWe Need to Innovate
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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.