America21 - Inclusive Competitiveness: Glossary of terms

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America21 promotes Inclusive Competitiveness Economic Strategies as an effective approach that is grounded in principles of economic competitiveness and inclusion – Inclusive Competitiveness – and further extends proven innovation- and technology-based economic development strategies to seed the next generation of innovators, entrepreneurs and employees within urban communities and metropolitan centers.

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America21 - Inclusive Competitiveness: Glossary of terms

  1. 1. Inclusive Competitiveness: Glossary of Concepts and TermsThe America21 Project (America21)America21 is a nationally networked and regionally focused social enterprise whose mission is toinculcate a new 21st century economic narrative that connects disconnected citizens to InnovationEconomy clusters, ecosystems and emerging industry sectors through STEM education, high-growthentrepreneurship and risk capital formation and investment.The approach is grounded in principles of economic competitiveness and inclusion – InclusiveCompetitiveness – and further extends proven innovation- and technology-based economicdevelopment strategies to seed the next generation of innovators, entrepreneurs and employeeswithin urban communities and metropolitan centers.Innovation EconomyThe time period of the late 20th and early 21st centuries marked by radical socioeconomic changesbrought about by further globalized commerce, democratized information and access, acceleratednew knowledge creation and exponential growth in entrepreneurship.Inclusive CompetitivenessTargeted metrics and strategies to measure and improve characteristic performance levels of diversepopulations within innovation ecosystems and clusters, emerging industry sectors and other areascritical to overall economic competitiveness.Inclusive Competitiveness neither alters nor replaces, but rather complements and enhances existingand emerging economic competitiveness metrics and strategies, exclusively focusing on thecharacteristic performance of diverse populations.3 Inclusive Competitiveness PillarsInclusive Competitiveness is girded by three pillars: education, specifically STEM (science, technology, engineering and math), entrepreneurship, especially high-growth, capital formation and investment, including equity, debt and credit.“T.A.P.I.M.” ProgressionInclusive Competitiveness responds to the same needs and follows the same “T.A.P.I.M.” Progressionthat created the existing innovation ecosystems and clusters: Thought, Advocacy, Policy, Investment, Market • New Thought and Advocacy produce a new economic narrative • New economic narrative breaks through to form new Policy • New Policy is adopted to attract new Investment • New Investment is offered to incent new Market reactionsChanging the Economic Narrative • Promoting Inclusive Competitiveness • Connecting the Economically Disconnected Email: info@blackinnovation.com • Blog: http://blackinnovation.org
  2. 2. Innovation Ecosystem Like the natural world, everything in the Innovation Economy is connected. An innovation ecosystem is an interconnected, interdependent and balanced community of assets: people and talent (entrepreneurs/management/workforce); capital (equity/credit/debt); education institutions (K-12/higher education); research and commercialization resources (universities/corporations/tech transfer); customers (marquee); philanthropy (community wealth); government (local/state/federal) professional services (legal/accounting/intermediary organizations) Assets within the ecosystem work together to create new enterprises, jobs, wealth and economic prosperity. However, unlike natural ecosystems that are organically created, innovation ecosystems must be intentionally created. Inclusive Competitiveness Diffusion As innovation ecosystems and clusters help create more economically competitive regions; Inclusive Competitiveness helps create more economically competitive regional innovation ecosystems and clusters by connecting Disconnected Citizens to new opportunities. Thus, improving ecosystem and cluster performance and leading to more successful overall economic competitiveness outcomes. America21 Model for Diffusing Inclusive Competitiveness Throughout Regional, State and National Economies, Into the Global EconomyState Economies U.S Economy Global EconomyEnhance Competitiveness of . . . Which Enhances Competitiveness of . . .Regional Economies State Economies U.S. EconomyEnhance Competitiveness of . . . Which Enhance Competitiveness of . . .Regional Innovation Ecosystems and Clusters Regional Economies State EconomiesEnhance Competitiveness of . . . Which Enhance Competitiveness of . . .Inclusive Competitiveness Regional Innovation Ecosystems and Clusters Regional EconomiesEnhances Competitiveness of . . . Which Enhance Competitiveness of . . . Law of Economic Competitiveness No region can sustainably increase economic competitiveness without growing enough of the right people to create and take advantage of that increased economic competitiveness. If your region’s economic competitiveness goals consistently outpace your growth rate in the right people, you simply will not – indeed cannot – build a resilient, economically competitive region. Inspired by Packard’s Law of Hewlett & Packard Co-Founder, David Packard Changing the Economic Narrative • Promoting Inclusive Competitiveness • Connecting the Economically Disconnected Email: info@blackinnovation.com • Blog: http://blackinnovation.org
  3. 3. Equity CitizensEquity Citizens are Americans with economic ownership holdings or interests in the United States.Equity Citizens are entitled and able to access an equitable proportion of the nation’s bestopportunities to achieve economic empowerment. The term is used to distinguish fromConstitutional Citizens.Constitutional CitizensConstitutional Citizens are Americans by birthright enshrined in the Constitution or by acquisitionthrough naturalization. Constitutional Citizens are full and equal citizens under law, but do notnecessarily have much, if any, underlying economic ownership holdings or interests in the U.S. Theyare entitled to, but not able to access, the nation’s best opportunities to achieve economicempowerment. The term is used to distinguish from Equity Citizens.Economic EmpowermentEconomic Empowerment is self-active, innovative and competitive, able to bring about a sustainablestate of economic growth and development — rooted in education, capital formation andinvestment, entrepreneurship and employment.Innovation Economy SqueezeInnovation Economy Squeeze is the dramatically increasing level of U.S. business productivity,enabled by efficiency gains from new technology adoption and integration (and far feweremployees), combined with the increasingly “flat world,” (where competition for new jobs is global),that squeezes Americans in unprecedented ways.Fewer Americans are needed to produce more goods and services; and billions of new workersaround the world are now competing with Americans for new jobs in diverse geographic regions.Connected CitizensConnected Citizens are Americans with the awareness of innovation ecosystems, skills, competenciesand access to economic networks, and characteristic performance levels required to successfullyconnect to innovation clusters, ecosystems and emerging industry sector opportunities.Disconnected CitizensDisconnected Citizens are Americans lacking some or all of the following: awareness of innovationecosystems, requisite skills and competencies, access to economic networks, and characteristicperformance levels necessary to successfully connect to innovation clusters, ecosystems andemerging industry sector opportunities.Trim TabbersTrim Tabbers are persons whose capabilities provide the higher leverage leadership needed to turn amatter of importance in the desired direction. Their actions significantly increase the achievementpotential of the group, considerably enhancing the probability of mission success — achievingexponential impact, rather than incremental outcomes.Changing the Economic Narrative • Promoting Inclusive Competitiveness • Connecting the Economically Disconnected Email: info@blackinnovation.com • Blog: http://blackinnovation.org
  4. 4. Trim Tab OrganizationsTrim Tab Organizations are entities demonstrating an operationalapproach to mission impact based on aggregating key resources,organizing those resources into actionable, collaborative formsand highly leveraging them to achieve exponential impact, ratherthan incremental outcomes.Trim Tab MovementThe Trim Tab Movement is a series of high-leverage, organized actions and events of national orglobal scale, yet local in implementation and impact, that take place over an extended period of time,working to achieve exponential impact, rather than incremental outcomes.Changing the Economic Narrative • Promoting Inclusive Competitiveness • Connecting the Economically Disconnected Email: info@blackinnovation.com • Blog: http://blackinnovation.org

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