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George Brown College:
Leadership in the innovation economy
Nitin Kawale, PresidentCisco Canada
© 2011 Cisco Systems, Inc. All rights reserved.Presentation_ID 2
The World Is Changing
Globalization
Social Networking and Mass Collaboration
Sustainable Development
Consumerization
Recession
© 2011 Cisco Systems, Inc. All rights reserved.Presentation_ID 3http://bits.blogs.nytimes.com/2009/10/30/innovation-spending-looks-recession-resistant/?ref=technology
Innovation is Set to Explode
....and innovation never stops!
© 2011 Cisco Systems, Inc. All rights reserved.Presentation_ID 4
The Innovation Leadership Disconnect
“Executives say innovation is very important, but their companies’ approach to it is often informal, and leaders lack confidence in their innovation decisions.”
–
Source: McKinsey & Company, 2008
65% say innovation is a “Top 3 priority” for driving growthOnly 5% say it is NOT a priorityAnd 14% say it is THE “top priority”BUT only 36% say innovation is part of what the organization does
34% say innovation is a part of leadership’s regular agendaBUT a third of them say innovation is governed in an ad hoc way
© 2011 Cisco Systems, Inc. All rights reserved.Presentation_ID 5
Innovation and Productivity In Decline
Canada needs 4X current rate of productivity and sustain it for 15 years to close to Canada-US gap
Declining productivity means missed 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 absorb and 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
© 2011 Cisco Systems, Inc. All rights reserved.Presentation_ID 6
Source: Net Impact Study
Standard of Living Doubles in 14 Years
100%
25%
50%
75%
Years
Compound Productivity Growth
Standard of Living Doubles in 72 Years
Standard of Living Doubles in 24 Years
Productivity Drives Standard Of Living
0 9 18 27 36 45 54 63 72
5%
3%
1%
© 2011 Cisco Systems, Inc. All rights reserved.Presentation_ID 7
© 2011 Cisco Systems, Inc. All rights reserved.Presentation_ID 8
Our Mission
To cultivate a steady stream of new businesses with $Billion potential, architectural integration and growth engine opportunity for our Foundation and AT businesses. Increase our productivity by 15% annually
through innovative redesign of business processes
But…..Vision without Execution is Hallucination
- Albert Einstein
© 2011 Cisco Systems, Inc. All rights reserved.Presentation_ID 9
Finding Good Opportunities
© 2011 Cisco Systems, Inc. All rights reserved.Presentation_ID 10
Engineers
20,000+
R&D Investment Annually
$5.3B+
Patents Filed Annually
700Build
Buy
125+ Acquisitions Innovation
Partners
© 2011 Cisco Systems, Inc. All rights reserved.Presentation_ID 11
Connected Real Estate for construction projects
Primary technology contracting Fourth Utility, Energy management
Innovation in Healthcare solutions
Detailed Advisory service: Cisco as Trusted partner Cisco One Network; “Fourth Utility”
approach Cisco advanced home networking Tandberg: Virtual Security Guard Platform for innovation.
Energy management for Factories [Mediator] Transform experience at race tracks
(Sports & Entertainment) Define S+CC vision and approach for
community development
Connected Home of the Future: replicable architecture WindWalk community in Alberta Revitalization services for 633
aboriginal communities Marketing, Branding, knowledge
exchange thru collaboration
© 2011 Cisco Systems, Inc. All rights reserved.Presentation_ID 12© 2006 Cisco Systems, Inc. All rights reserved.
Where Innovation Comes FromExternal 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%
Source: IBM, “Global CEO Study 2006: Expanding the Innovation Horizon”
0% 5% 10% 15% 20% 25% 30% 35% 40%
Source: IBM, “Global CEO Study 2006: Expanding the Innovation Horizon”
© 2011 Cisco Systems, Inc. All rights reserved.Presentation_ID 13
Canadians are ready to innovate
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
Source: Marketing Breakthroughs, 2009
© 2011 Cisco Systems, Inc. All rights reserved.Presentation_ID 14
Your Opportunities for Innovation?
Population growth Smart and Connected CommunitiesGet ready for Gen Y and Gen Z Improve collaboration – increase efficiency Leverage LEED credits by being “green”Create more business value from buildingsReduce energy consumption/control all
systems
© 2011 Cisco Systems, Inc. All rights reserved.Presentation_ID 15
Getting Started
1. Think big: Bold Vision
2. Disrupt: Try Something New
3. Start Small: Solve Simple Pain Point Well
4. Evolve Quickly: 5 Phase Plan
5. Start: Lead & Others Will Follow
6. Believe: With Passion
© 2011 Cisco Systems, Inc. All rights reserved.Presentation_ID 16
“Generally, most people want to be effective, productive and feel as though they contribute. As a company, you need to provide the means
(foundation).
Do that, and people will be innovative. They’ll embrace it and show you some fantastic things.”
© 2011 Cisco Systems, Inc. All rights reserved.Presentation_ID 17