Saturday, January 21, 2006
This article out of Roanoke, VA highlights the transition underway in our economy toward more open networks of innovation. Read more.
The true nature of our economic transformation involves moving from a mindset in which wealth is created largely through hierarchical organizations to mindset in which wealth is created through networks.
Thinking of this shift as a move away from manufacturing and toward services misses the mark.
We can see that we have some successful manufacturing companies are operating with global networks. Some of these businesses are located in rural areas. See, for example, this video of a harp manufacturer in Rising Sun, Indiana. Watch it. Visit the web site.
The challenge for us all is to embrace innovation with open networks of collaboration that accelerate the process of turning ideas into wealth.
posted by Ed Morrison |
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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.
Moving toward innovation economies
