Tuesday, May 10, 2005
The Triad region of North Carolina has gotten its act together. The building networks of trust and collaboration are opening still more opportunities for collaboration. Read more.
The old models of economic development focused on lowering the costs of doing business and recruiting manufacturing plants. Globalization -- the integration of international markets -- has weakened this approach. Free land is widely available. Technology moves easily across national borders, and capital flies around the globe at the click of a mouse.
Now wealth comes from brainpower, innovation and entrepreneurial networks. Networked organizations have weakened organizational hierarchies. Open systems of innovation are replacing closed "command and control" approaches to business development.
Regions that manage this shift can build dynamic clusters of new businesses. Regions caught in closed sytem thinking will continue their downward drift.
posted by Ed Morrison |
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:
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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.