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Board of Governors meeting

Board of Governors meeting. June 5, 2012. The changing world …. The pace of change is accelerating, due to: the explosive growth and accessibility of information, the increasing number of highly skilled work force engaged in research and development, and

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Board of Governors meeting

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  1. Board of Governors meeting June 5, 2012

  2. The changing world… The pace of change is accelerating, due to: • the explosive growth and accessibility of information, • the increasing number of highly skilled work force engaged in research and development, and • the increasing number of countries capable of contributing to leading edge Research and Development.

  3. Growth in Africa and Middle East Source: IMF, World Bank, McKinsey GI

  4. Implications… There will be a growing need for different type of infrastructure: • Education • Health Care and Long Term care • Financial System, • Commodities: Water, Agri-food • Clean Technologies

  5. Percent change in R&D spending by region2009 to 2010 Source: Bloomberg ; Booz & Company

  6. Increases in worldwide R&D spending2009($550 b) to 2010

  7. ‘Massification’ of higher education Source: McKinsey GI

  8. Higher education: change is at doorstep Contributing Factors: • ‘Massification’ of PSE • Major (rising) cost/tuition challenges • Growing International Competition for Students, Faculty, Staff TALENT • Strained Government Finances

  9. Growing global water gap - to 40% Source: Water 2030 Report

  10. We are aging… • By 2050 the number of people 60+ will double • Canada will move from being 41st oldest to 11th Source: McKinsey GI

  11. Waterloo’s priorities • Aging and health promotion • Auto • Climate change • Energy • Financial Risk Management • Information Communications Technology and Digital Media • Quantum • Nano • Water

  12. National context • Over the past decade and a half: • Experienced over 55% growth in student enrolment • Hired an additional 6,000 faculty • Government funding for university operating costs more than doubled from $5.4 B to $11.1 B • Government funding for research nearly quadrupled from $1.2 B to $4.2 B

  13. In the next 5 years Waterloo will face a world with: •  An increasingly competitive market for: • (Good/excellent quality) students – undergraduate?/graduate • Faculty/Staff • Research funding • Increased government quality and accountability requirement • Major demand and opportunities for new technologies (e.g. ICT) • Becoming a more sustainable environment for both academic and business parts of the university • More globalized PSE league in which performance is evaluated against international (as opposed to national or provincial or even U15) rankings and benchmarks

  14. Waterloo’s ambition to be an innovative University of the 21st century • Lead a few trends, not follow. • Be recognized world leaders in specific strategic areas. • Attract globally recognized talent. • Createand retain world-class entrepreneurs.

  15. Three generic types of competitive strategies • Compete on cost (e.g., WalMart). • Product differentiation to charge a premium (e.g., Apple, Mercedes-Benz).  • Limit to a particular niche and compete in a very small market (e.g., Bearskin Airlines, which only tries to serve a few destinations).

  16. We must focus on: • New Partnerships, increased collaboration • Thinking beyond traditional disciplinary boundaries • International scale • Innovation everywhere: inside and outside classrooms

  17. MCR alignment with foundational pillars

  18. Developing new performance indicators Indicators in the MCR Accountability Framework will: • Match strategic objectives from MCR • Operationalize goals and develop well rounded set of measures • Reflect institutional-level, and faculty and unit-level achievements • Reflect the Foundational Pillars

  19. Preparing students for their careersCo-op final employment by student level

  20. Attracting high quality studentsEntering averages of 90%+ as compared to Ontario universities - Fall 2011

  21. NSERC scholarships and fellowships 2012

  22. Increasing partnershipsTotal sponsored research awards by source

  23. Whether the big, complex institutions can maintain worldwide quality and capacity is a very serious question today… “The bottom line is, that we live in a time in which the drivers of prosperity are primarily the innovation that comes from generating new knowledge and people who are educated to increasingly more sophisticated levels.”

  24. Thank-you Questions & Comments?

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