Sunday, June 10, 2007
Measuring the impact of an innovation economy is not easy. We can focus on inputs: money invested in research or early stage investment. We can focus on intermediate outputs: patents, for example, or new business starts. Finally, we can look at employment and income growth among fast-growing companies and the growth of clusters.
But there is another direction in which innovation metrics are likely to evolve in the years ahead: social network analysis. In other words, we can measure the density and breadth of connections.
This is the thrust of this commentary on Santa Fe's Design Week. Traditional metrics are understandable, but they may not be adequate to capture the long term impact of effort to build and sustain open enterosk of innovation. Read more.
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.