UTS:BUSINESS
Collaborating to create Sydney’s knowledge-based future
THINK.CHANGE.DO
Roy Green Building a Global City through Business Events Sydney, June 6 2011
UTS:BUSINESS
‘Our core task is to permanently rebalance our economy. We need to leverage the boom to build a broader, high-tech, low-pollution economy with education as the principal driver of prosperity... ‘That means building productivity’. Treasurer Wayne Swan, February 2011
UTS:BUSINESS Labour productivity growth (GDP per hour), 1995-2006
Review of Australia’s national innovation system www.innovation.gov.au
UTS:BUSINESS National innovation system
Government and public agencies
Finance and venture capital
Research and education institutions
Enterprises and workplaces
UTS:BUSINESS Leadership and management at the workplace
‘Making innovation work requires a workforce with sophisticated skills of all kinds... Few organisations command all the skills needed to innovate successfully on their own. They must network and collaborate – locally and globally.’ Australian Government, Powering Innovation: An Innovation Agenda for the 21st Century, 2009
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Source: OECD Science, Technology and Industry Scoreboard, 2007
UTS:BUSINESS Management Matters in Australia – Just how productive are we?
UTS:BUSINESS Australian management performance gaps
4 3.8 3.6 3.4 3.2 3 2.8 Australian score
2.6 2.4
Global best performing country score
2.2 2
Operations Management
Performance Management
People Management
UTS:BUSINESS
The world is not flat (Tom Friedman)
.… it’s ‘spiky’ (Richard Florida)
UTS:BUSINESS Knowledge economies
• Small economies on the periphery of larger markets (Ireland, Finland, Singapore, Taiwan) • Regions in large economies (Silicon Valley, Carolina’s ‘Research Triangle’, Austin TX, Massachusetts in the US, and Cambridge, Munich, Grenoble, Sophia Antipolis in Europe)
UTS:BUSINESS University-industry interactions contributing to innovation (% firms)
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‘Living in a city is an art… The city as we imagine it, the soft city of illusion, myth, aspiration, nightmare, is as real, maybe more real, than the hard city one can locate in maps and statistics.’ Jonathan Raban, Soft City, 1974
Collaborative spaces? UTS BUSINESS SCHOOL
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‘Open, dynamic and creative societies… are created by the alchemy of artists, entrepreneurs, philanthropists, civic institutions and governments coming together in the right combination at the right moment. And for Australia… this is surely such a moment.’ Economist, May 26 2011
UTS:BUSINESS Next steps
Invest in Sydney’s creativity and innovation Invest in capabilities and skills for innovation Invest in collaboration, including meetings and events