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 spending 2009($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 21 st 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 Excellence Research Excellence and Impact Co-operative Education Graduate Studies Internationalization Entrepreneurship 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 students Entering 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 ,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