2009 Vancouver island State of the Island Summit Survey

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State of the Island Outlook

2009 Summit Leadership Survey Final*

Presented by the Vancouver Island Economic Alliance with support from OCEAN Industries BC


This work was donated by the people that volunteer at OCEAN Industries BC

They work everyday on behalf of people that support a clean, safe and secure Ocean and Marinespace Economy in British Columbia and Canada at

www.oceanmarinespace.com


Top Ten Business Risks Q4 2009

Red = Hot | Quick

Amber = Caution | Slow

Green = Cooling | Slower

Q1

From Q4

To Ernst & Young Business Risks: 2009 Vancouver Island Summit Edition

7 1 Managing Talent [Need to retain people and workforce]

3 2 Deepening Recession [Shocks to Procurement driving purchasers away]

11 3 Consumer demand shifts [A failure to understand consumer demand shifts is organizational suicide]

20 4 Shifting demographics

16 5 Managing intellectual capital

1 6 The Credit Crunch [Tighter credit environment access to capital]

14 7 Emerging Technologies [New technologies such as clean tech are constantly emerging]

6 8 Cost Cutting [Cost containment for survival impacting suppliers & consumers]

18 9 Inability to innovate

12 10 Emerging Markets [Markets in China, India and Russia modernize, levels of domestic competition increase]


Bottom Business Risks Q4 2009

Red = Hot | Quick

Amber = Caution | Slow

Green = Cooling | Slower

Q1

From Q4

To Ernst & Young Business Risks: 2009 Vancouver Island Summit Edition

15 11 Capital allocation [Making large long term investments pay off in a short term market] 4 12 Radical Greening [Environmental and sustainability issues, carbon management]

24 13 Managing new business models [not building support infrastructure fast enough] 8 14 Executing alliance and transactions [ Mergers and acquisitions slowed, alliances and

partnerships critical] 13 15 Globalizing the Enterprise [Striking the right balance between standardization and localization] 2 16 Regulation and Compliance [Response to Credit, Environment, Workplace Safety]

19 17 Infrastructure risks 17 18 Energy shocks 10 19 Reputation Risks [Environment and climate concerns threaten organization reputations] 23 20 Supply chain and extraprise [critical threats easily forgotten until next crisis] 5 21 Non-Traditional Entrants [New competitors for declining order files] 9 22 Business Model Redundancy [Tech and Industry Transition makes approach to operations

obsolete] 22 23 Model risk [Backward looking risk management] 21 24 New owners


Top Ten Ranked Extreme Relevance to the Island

Factors from the Conference Board of Canada

Please provide your impression of the relevance to the Vancouver Island Economy of the following

indicators: ["D" indicates Letter Grade and # indicates rank out of 10 markets]

Answer Options Low Relevance

Medium Relevance

High Relevance

Extreme Relevance

Cost of Doing Business Index [C 7] 1 18 30 15

Employment Growth [B 3] 4 13 34 12

Investment in Information and Communications Technology as a percentage of GDP [C 5]

1 22 29 11

Venture Capital Investment [D 3] 4 22 26 11

Business Expenditures on R&D as a percentage of GDP [D 6]

4 16 33 10

Government Expenditures on R&D as a percentage of GDP [D 10]

3 22 29 10

Apprenticeship Completion [D 6] 1 17 36 9

Services Labour Productivity Growth [D 10] 3 17 32 8

Overall Labour Productivity Level [D 8] 1 15 38 7

Overall Labour Productivity Growth [D 9] 1 18 36 7


Challenges to your Operations Q4 2009

Indicates need for more future vision for direction.

Rate the impact of the following four categories of

challenges as they pertain to your operations.

Answer Options Rating 4. Strategic Issues High to Extreme 2. Financial Issues High to Extreme 3. Operational Issues Medium to High 1. Compliance Issues Low


Alliance Goals are Ranked and Rated at Q4

The numbers correspond to how these Goals are stated in Policy

The Goals of the Vancouver Island Economic Alliance are:

Answer Options Rating 1. To promote a sustainable and diversified

economy for all residents of the Vancouver

Island economic region;

High to Extreme

4. To promote regional initiatives that

strengthen economic capacity; High to Extreme

3. To provide regional leadership for regional business retention and expansion; and; Medium

2. To promote strong communities and First Nations and careful stewardship of our natural resources.

Medium


Alliance beliefs Ranked and Rated at Q4

These Belief Statements are ranked in importance in Q4

The Alliance is premised on the following basic beliefs.

How do you rate these?: Answer Options Rating C. The considerable economic and social transition that is

underway on Vancouver Island, from a mainly resource based extraction economy, to more of an information and service based regional economy, presents challenges and

opportunities that can best be addressed through collective

action;

High

D. Shared resources can increase access to the investment

community and enhance our competitiveness and ability to attract skilled workers.

High

B. The limited regional critical mass adds to the challenge of competing effectively in the global economy. We want to position Vancouver Island to be a serious contender for investment

in BC;

High

A. Shared economic issues that need more effective and informed leadership can be addressed through regional collaboration; Medium


Rating of Alliance Strategies

These Strategies are ranked in importance in Q4

The Alliance currently engages four strategies. How do you rate the

importance of these subjects?:

Answer Options Rating

A. Marketing Vancouver Island - To compete effectively for investment and skills attraction, we require clear, positive, and effective regional brand identity built upon core values and strengths found within the region;

High

D. Investment and Workforce Attraction and Retention - The Alliance has undertaken a program to actively promote Vancouver Island to investors and skilled employees.

High

C. Assist in Building Capacity in Rural and Remote Regions - Identify, promote and support economic diversification efforts in First Nations and remote communities; and;

Moderate

B. Expanding the Alliance and Excelling as a Member driven

financially sustainable organization - The Summit is one of several initiatives designed to weld relationships;

Moderate


Respondents Operate in this Industry

Basic Industrial Divisions of the Economy


Respondents Length of Employment

This represents the number of years Employed with their current employer


Respondents Role with Employer

This represent the level of Accountability in the Organization


Respondents Gender


Respondents Home Region

These are British Columbia’s Development Regions


Respondents Locale

These are Tribal and Municipal Regional Districts

I Live and Work in this Island Coast Region:

Answer Options Response Percent

Nuxalk Territory 0.0% Oweekeno Territory 0.0% Central Coast Regional District 1.5% Mount Waddington Regional District 1.5% Kwakwaka'wakw Territory 0.7% Strathcona Regional District 6.0%

Naut'sa mawt Territory 0.7% Comox Valley Regional District 6.7%

Nuu-chah-nulth Territory 2.2% Powell River Regional District 0.7% Sunshine Coast Regional District 0.0% Nanaimo Regional District 38.1%

Alberni Valley Regional District 3.7%

Cowichan Valley Regional District 4.5%

Islands Trust 0.0% Coast Salish Territory 1.5% Capital Regional District 32.1%


Respondents View

This is the lens that Respondents view the economy. Each is Unique and offers bias.


Respondents Place of Origin

Experience also colours the View of the economy

I was born and bred in the following region:

Answer Options Response

Percent

Vancouver Island Coast 25.7% Mainland Southwest 17.1% Thompson Okanagon 4.3% Kootenay 0.7% Cariboo 0.7% North Coast 0.7% Nechako 0.0% Northeast 0.7% Rest of Canada 43.6% Asia Pacific 0.0% Europe 5.7% Africa 0.0% Australia 0.0% South America 0.7%


Respondents Employers

Broad cross section of interests


Respondents Education


Respondents with < 3 Years Experience

This demonstrates skills sets


Respondent Demographics


Respondents Responsibility

Demonstrates level of Financial Accountability with Employer


Academy of Management ACI Administrative Sciences Academy of Canada Alberta Career Management Assoc. Alberta College of Social Workers AMA Aquaculture Association of Canada ASLRR Assoc. of BC Professional Foresters Association of Film Commissioners International ASTTBC BC Aviation Council BC Business Council BC Career Development Association BC Chamber Executives BC Chamber of Commerce BC Human Resource Management Association BC Museums Assoc. BCAB BCAC BCCDA BCTF Better Business Bureau C.A. CAC CACEE CAFCE Campbell River Chamber Of Commerce Canadian Accredited Insurance Brokers Canadian Chamber Executives Canadian Museums Association Canadian Tax Foundation CCSBE CFIB CFIG CGA BC Chartered Accountant

Chartered Insurance Professionals CICA CIP CITT CMA CMC Community Futures Comox Valley Chamber of Commerce COTA CPRS CREA Credit Union Executive Association CSAE CTAA Ducks Unlimited Canada Economic Developers Association of BC Economic Development Group EDAC EDC European Group on Organization Studies Gateway Council Greater Nanaimo Chamber of Commerce GVCC GVTA IAAE Institute of Chartered Accountants Of BC Insurance Institute of Canada International Assoc of Privacy Professionals International Association of Airport Executives International Fiscal Association Island Professional Event Networking

MBACSC Nanaimo Chamber of Commerce Nanaimo Economic Development Group Nanaimo Executive Association OCEAN Industries BC Oceanside Women's Business Network PIBC Professional Accountant Professional Engineers of BC Professional Institute of the Public Service of Canada Project Management Institute RAC Reputation Management Institute Rotary Rotary International Small Business BC SME The Secretan Center for Higher Ground Leadership as a Higher Ground Leadership Associate ToastMasters International Toastmasters International Tourism Nanaimo Tourism Victoria TRUCK LOGGERS ASSN TTRA UDI University of Victoria Vancouver Board of Trade Vancouver Island University Victoria Executive Management Club Victoria Hotel Marketing Club Victoria Real Estate Board VIEDA VIREB VIU Foundation Board Westac


Summiteers 2005

Maritime Heritage Centre | Campbell River


Summiteers 2005



Summiteers 2005



Summiteers 2005


2009 Vancouver island State of the Island Summit Survey

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