senate meeting june 18, 2012. the changing world… the pace of change is accelerating, due to: the...
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Senate meeting
June 18, 2012
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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.
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Growth in Africa and Middle East
Source: IMF, World Bank, McKinsey GI
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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
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Percent change in R&D spending by region 2009 to 2010
Source: Bloomberg ; Booz & Company
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Increases in worldwide R&D spending2009($550 b) to 2010
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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
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What does this mean for uWaterloo?
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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
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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.
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We must focus on:
• New Partnerships, increased collaboration
• Thinking beyond traditional disciplinary boundaries
• International scale
• Innovation everywhere: inside and outside classrooms
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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
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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
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Attracting high quality studentsEntering averages of 90%+ as compared to
Ontario universities - Fall 2011
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NSERC scholarships and fellowships 2012
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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.”
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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
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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