Monday, October 14, 2002
Increasingly, economic development will be led by innovation, not by minimizing costs. Companies will locate and thrive in areas where it is easy to innovate. At the same time, retention and expansion programs need to identify those firms that are most likely to grow. That means EDPros will increasingly need to be comfortable with promoting innovation among their existing businesses.
Today's Cincinnati Enquirer has a good article that can help get EDPros up to speed on the dynamics of innovation within manufacturing firms. It's an interview with Michael Tushman, professor at the Harvard Business School. The interview focuses on a few key elements of the innovation process. Read more. Go
For EDPros wantint a practical introduction to the dynamics of innovation -- the heart of any retention and expansion program -- read Tushman's Winning Through Innovation, a manager's tool kit for organizational change.
posted by Ed Morrison |
links
Some Background on EDPro Weblog
The purpose of this weblog is to help economic development professionals -- EDPros -- keep up with the changes sweeping our profession. Strap on your goggles. It's a whole new game. There are no experts any more. The only place to learn about economic development is from other EDPros who are doing it.
One other point: the prevaling approach (paradigm, if you like) in economic development is shifting from competition to collaboration. There are a lot of reaasons underlying this shift, but here's the important insight: You, your community, and your region will do better by collaborating and sharing information.
If you are using a news reader, here is the link to syndicate this site:
Here's the link if you are a bloglines subscriber:
Speaking and workshops on Open Source Economic Development
As the idea of Open Source Economic Development starts spreading, more people are asking about it. Visit the I-Open web site to learn more. My colleagues and I are happy to explain the basic concepts in a talk or a workshop. E-mail Susan Alshuler if you'd like to learn more about workshops and speaking.
Background on Ed Morrison
Download some background information on me here.
Understanding innovation at the firm level
