Atlantic Leaders Summit Atlantic Leaders Summit Dr Daniel F Muzyka President and CEO Dr. Daniel F. Muzyka, President and CEO RBC Financial Group Professor of Entrepreneurship, UBC February 19, 2015 y , conferenceboard.ca
2 • Entrepreneurship • Entrepreneurship • Innovation • Research • Talent • Talent Themes
Challenges • Demographics • Productivity • Industrial Structure • Industrial Structure • Innovation • Coordination • Competitive Acceleration • Competitive Acceleration 3
Why is it important? Accelerated Technological Churn Example: Computer Industry 10 8 6 4 4 2 0 1950s 1960s 1970s 1980s 1990s 2000s Average Product Life-Cycle (Years) 4
Why is it important? 1980–2011 Labour Productivity Growth (% average annual growth) MFP MFP Labour Composition Labour Composition Capital Deepening Capital Deepening 2.5 2.0 1.5 1 5 1.0 Canadian GDP Real Growth Rate % 0.5 5 4 0.0 3 Canada U.S. 2 1 1 0 Sources: The Conference Board of Canada; Statistics Canada. 5
6 2014 World Economic Forum Global Competitiveness
CANADA’s Overall Competitiveness Ranking, 2014: 15th (2013: 14th) ( ) Canada (24th) Canada (6th) • Innovation (22) • Labour market efficiency (7) •Business sophist. (23) • Financial markets (8) Canada (18th) • Market size (13) • Goods market efficiency (15) •Health and primary • Higher Ed. & training (18) Higher Ed & training (18) education (7) d ti (7) • Technological readiness (22) •Institutions (14) •Infrastructure (15) •Macroeconomic Innovation environment (51) ( ) and Business Sophistication Efficiency Enhancers for Factors for Competitiveness p Competitiveness Competitiveness Basic Requirements for Competitiveness for Competitiveness 7 Source: The World Economic Forum, Global Competitiveness Report 2014-2015
How are we doing? Innovation Value Chain Social and Social and Discovery Development Application Extension Economic Impact Economic Impact Technologies Technologies Products Products Business Business Ideas Ideas Concepts Concepts Solutions Solutions Value Value 8
9 How are we doing? • Source: The Conference Board of Canada
10 Competition Commerce Conference Observations Capacity t Context Culture t C
Conference Observations Collaboration Collaboration Clusters Chains Consumption Consumption Communication 11
12 JUST DO IT ! JUST DO IT ! JUST DO IT ! JUST DO IT !
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