Innovation for Country Transformation

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Cisco Confidential © 2010 Cisco and/or its affiliates. All rights reserved. 1 Innovation for Country Transformation Nitin Kawale President, Cisco Canada June 2012

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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 of Innovation for Country Transformation

Page 1: 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

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© 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”

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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

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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

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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%

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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

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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

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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

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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

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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

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• 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

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Shaping the future of our communities

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Thank you.