senate meeting june 18, 2012. the changing world… the pace of change is accelerating, due to: the...

Senate meeting

June 18, 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

• the increasing number of countries capable of contributing to leading edge Research and Development.

Growth in Africa and Middle East

Source: IMF, World Bank, McKinsey GI

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

Percent change in R&D spending by region 2009 to 2010

Source: Bloomberg ; Booz & Company

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

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

What does this mean for uWaterloo?

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)

• More globalized PSE league in which performance is evaluated against international (as opposed to national or provincial or even U15) rankings and benchmarks

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.

• Create and retain world-class entrepreneurs.

We must focus on:

• New Partnerships, increased collaboration

• Thinking beyond traditional disciplinary boundaries

• International scale

• Innovation everywhere: inside and outside classrooms

MCR alignment with foundational pillars

Foundational Pillars

Academic ExcellenceResearch Excellence and ImpactCo-operative EducationGraduate StudiesInternationalizationEntrepreneurship

Key Goals

Enhance Student Opportunities and Experience

Advance Quality of Education

Advance Research Excellence and Impact

Enabling Goals

Increase Visibility and Outreach

Improve uW Environment

Improve Resources and Funding

Advance Image and Philosophy

Ensure Clear and Effective Leadership

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

Attracting high quality studentsEntering averages of 90%+ as compared to

Ontario universities - Fall 2011

NSERC scholarships and fellowships 2012

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.”

Leadership Updates

•Logan Atkinson, Secretary of the University – July 1

•David Wallace, Chief Information Officer – July 9

•Kenneth McGillivray, Vice-President, Advancement – August 1

Convocation

•June 13-16•5,045 degrees and diplomas

Activities

•July 1, Canada Day celebrations – Columbia Lake

•July 6, London, UK – Association of Commonwealth Universities

•July 9, Istanbul, Turkey - Global Conference on Global Warming 2012