An integrative systems model for economic development 2.0
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Transcript of An integrative systems model for economic development 2.0
Business and Community
Development
Development of Alliances
and Collaborations
Infrastructure Development
Research and Development
Workforce Development
Dr. John Persico Jr.
• Develop vision and goals
• Develop core values
• Develop business model
• Develop tactics and action items
• Develop both process and outcome metrics
• Think Globally but act Locally
• PDCA on a regular basis
• Identify key community partners
• Identify key regional partners
• Identify key global partners
• Develop partner profiles
• Establish partnership goals for each profile
• Set priorities and actions items for each profile
• Develop and track metrics
• Develop a SWOT for infrastructure
• Conduct a best practice analysis for infrastructure
• Identify essential synergies
• Identify partners needed for development
• Prioritize development efforts
• Develop both long-term and contingency plans
• Identify metrics and track all efforts
• Conduct ongoing analysis of economic conditions/environmental scans
• Provide data on potential clients
• Develop “what if” and other scenarios
• Use business analytics to assess development feasibilities
• Track local and global business developments to identify potential opportunities
• Create a competency of skills that include:
– Critical thinking skills
– Multi-cultural skills
– Data and evidence skills
– Project management skills
– SPC tools
– Seven management and planning tools
– Innovation skills
– Personal development skills
– Technology utilization skills