Vive­larev­o­lu­tion

National Post (Latest Edition) - Financial Post Magazine - - AND NOW THIS - PG

Pros­per­ousGrowthis­thenextfoun­da­tion­al­phase­forCanada’sna­tionale­co­nomi­cre­newal

Afew­month­sagointhiss­paceIir­rev­er­ent­ly­out­linedCanada’sfun­da­men­tal­need­foraNa­tional Strate­giesS­trat­egy.The­p­ol­i­cyprob­lemisthat­far­too many na­tional strate­gies are cur­rently be­ing de­vel­o­pe­d­in­vac­u­um­sand­silosin­iso­la­tion,one­fromthe other. A Na­tional Strate­gies Strat­egy would aim to bring­to­geth­er­al­lCana­di­anstake­hold­ers,per­hap­sat afoun­da­tionaleven­tor­sum­mit,for­cross-dis­ci­plinary strat­egy-set­ting that would de­vise ev­i­dence-based in­tel­li­genceon­howCanada—asadi­verse­n­a­tion— canse­tu­pasys­temthat­woul­dal­lowourbest­minds, in­sti­tu­tions and di­verse cul­tural com­mu­ni­ties to es­tab­lis­ha­na­tion­al­strate­gichier­ar­chy­of­s­trate­gies.

Sucha­co­or­di­nat­ed­na­tional ef­fortremain­sanessen­tial­com­po­nent of a rein­vig­o­rated and pros­per­ous Cana­dian econ­omy, but much more needs to be done at the mi­cro-spa­cial level, within in­di­vid­ual firms and in­dus­tries, as we pre­pare forthe­p­ros­per­i­ty­weall­hopeto achieve.Withallthat­in­mind,I havede­vel­ope­dthenextfoun­da­tional phase for Canada’s na­tional eco­nomic re­newal. This over­ar­ch­ing na­tional ob­jec­tive,iden­ti­fiedand­de­finedas Pros­per­ous Growth, can only beachieved­vi­ami­cro-strate­gic ini­tia­tivestoSquarethePros­per­ousGrowthCir­cle.

Pros­per­ous Growth — or PG — is the tar­get, the small cir­cle at the beat­ing heart of the Cana­dian econ­omy. PG is that il­lu­sive, al­most Hindu-like nir­vana all busi­nesses strive to achieve. Even defin­ing it is a chal­lenge, but PG is per­haps best viewed asGrowththaten­hancesPros­per­ity,andPros­per­ity that en­hances Growth. A more re­fined def­i­ni­tion will be spelled out in my forth­com­ing book, Cir­cleSquared Rev­o­lu­tion™: How Ex­plod­ing Jar­gonis­misChang­ingMoney,Man­age­men­tandMak­ingBusi­nessCrazy.

Thereis­nospace­here­tore­viewalltheele­ments of the Cir­cleSquared Rev­o­lu­tion, but suf­fice to say that the ob­jec­tive is to build a dy­namic in­no­va­tion

SMARTINNOVATION ST R AT E G I C D I R E C TI O

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R + D E C O SY ST E M ecosys­temwith­in­cor­po­rateCana­dathatwill­fos­tera crit­i­cal­mas­sofcre­ative­tal­en­twhosec­orec­om­pe­ten­cieswill­be­fo­cuse­donthriv­ing­with­in­whatis­shap­ing up­as­theFourthandFifthIn­dus­tri­alRevo­lu­tions.

Klaus Sch­wab, head of the World Eco­nomic Fo­rum, be­lieves the Fourth In­dus­trial Rev­o­lu­tion —nowun­der­way—is­breakingou­tatan­ex­po­nen­tial rate, dis­rupt­ing al­most ev­ery in­dus­try in ev­ery coun­try: ar­ti­fi­cial in­tel­li­gence, ro­bot­ics, the In­ter­net ofThings,au­tonomousve­hi­cles,3Dprint­ing,nan­otech­nol­ogy,en­er­gys­tor­age,quan­tum­com­put­ing.

While this rev­o­lu­tion is gal­lop­ing through the world,afifthisal­sounder­way.PeterMarsh,a Fi­nan­cial Times cor­re­spon­dent, writes that “The fifth in­dus­trial rev­o­lu­tion has been trig­gered by asetof­con­verg­ingtrend­sthat al­ter­how­man­u­fac­tur­ersor­gan­ise­and­com­pete.Thechan­gesin­cludein­creasinga­bil­i­tyto com­bi­netech­nolo­giesin­clud­ing elec­tron­ics, biotech and nov­el­ma­te­ri­als;greaterop­por­tu­ni­ties for cus­tomi­sa­tion of prod­ucts;andthe­growinguse of­glob­al­in­for­ma­tion­path­ways and­sup­plynet­works.”

As the Cir­cleSquared graphic demon­strates, these rev­o­lu­tions in phys­i­cal and tech­no­log­i­cal­con­ver­gence­canonly­be­cap­tured­viaa par­al­le­la­bil­i­ty­to­com­binecon­cept­sofinno­va­tive­g­ov­er­nance­and­firm-lev­e­ladap­ta­tionofen­hanced­value met­ric­sthat­breaknew­ground.

Smartin­no­va­tion­would­bea­good­start­ing­point. Plain­oldin­no­va­tion,aswith­plain­old­in­fras­truc­ture, isof­nou­seinit­self.Smartin­no­va­tion­is­thestuffthat builds the Fourth and Fifth In­dus­trial Rev­o­lu­tions. Other familiar pol­i­cy­mak­ing con­cepts — di­ver­sity, bench­mark­ing, sus­tain­abil­ity, pro­duc­tiv­ity, trans­parency—need­to­berethough­tand­com­bined­to­take ad­van­tage of the dra­matic trans­for­ma­tional change now en­gulf­ing the world econ­omy. If we don’t SquaretheCir­cle,theCir­clewil­lSquareus.Youget thedrift.

T SE D N I M E V I AT E R C Y IT

IL DB E C A N N

I A A H ST N E U

S

PLAN­NING DIVERSITYUNIVERSAL

PROS­PER­OUS GROWTH— ORPG—

ISTHAT IL­LU­SIVE,

AL­MOST HINDU-LIKE NIRVANAALL BUSI­NESSES STRIV­ETO

ACHIEVE

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