0
Advanced Strategic Planning 2 <ul><li>Ed Morrison </li></ul><ul><li>Economic Development Institute </li></ul><ul><li>India...
http://edi-strategy.net/join Invitation Code: edi Slides and other materials are available here:
Outline of the Course <ul><li>Overview of Strategy </li></ul><ul><li>Phase 1: Defining a “Plan for the Plan” </li></ul><ul...
Start at the beginning:  Economic development in a nutshell Overview
Why telling stories makes a difference... This is how you set your directions with strategy Overview
Prosperous stories create a “buzz” Overview
Negative stories become self-fulfilling Overview
Outline of the Course <ul><li>Overview of Strategy </li></ul><ul><li>Phase 1: Defining a “Plan for the Plan” </li></ul><ul...
Plan for the Plan Define Options Research: Quantitative Analysis Strategy: Make Choices (usually includes public comments)...
<ul><ul><li>Developing a core team </li></ul></ul><ul><ul><li>Defining your region </li></ul></ul><ul><ul><li>Developing a...
New approaches to defining a core team Phase 1: Defining a Plan for the Plan Traditional View Emerging View Centralized Di...
Emerging roles of leadership in a core team Phase 1: Defining a Plan for the Plan Network Leader Role Responsibilities Con...
<ul><li>Purpose:  Why? What’s the purpose? </li></ul><ul><li>Media markets </li></ul><ul><li>Commuting Patterns </li></ul>...
Exercise: What’s the Bluegrass? Phase 1: Defining a Plan for the Plan
Phase 1: Defining a Plan for the Plan
Budget Components <ul><li>Research: Professional Fees </li></ul><ul><li>Research: Data Acquisition, GIS </li></ul><ul><li>...
Inspiration.com Mapping stakeholders Phase 1: Defining a Plan for the Plan
Communications Plan Components <ul><li>Audiences </li></ul><ul><li>Key Message points </li></ul><ul><li>Channels </li></ul...
Mapping a process: Simple Phase 1: Defining a Plan for the Plan
Mapping a process: More complex Phase 1: Defining a Plan for the Plan
Mapping a process:  About Right Plan for the Plan Define Options Research: Quantitative Analysis Strategy: Make Choices (u...
Outline of the Course <ul><li>Overview of Strategy </li></ul><ul><li>Phase 1: Defining a “Plan for the Plan” </li></ul><ul...
Phase 2: Assessing Options <ul><li>Using Data to Tell a Story </li></ul><ul><li>Analytic Tools </li></ul>Phase 2: Quantita...
<ul><li>Analog: Quantitative: People, Businesses and Places </li></ul><ul><li>Digital: Qualitative: Surveys, Interviews, F...
Study what others are doing Phase 2: Quantitative Analysis
Santa Fe Phase 2: Quantitative Analysis
London, UK Telling a Story
Some Big Picture Themes <ul><li>Is our population growing: | Population </li></ul><ul><li>Are we producing jobs? | Employm...
Drawing a clear picture Tactic 1: Use benchmark communities to measure progress Phase 2: Quantitative Analysis
Drawing a clear picture Tactic 2: Use growth rates in wage and salaried employment Phase 2: Quantitative Analysis
Drawing a clear picture Tactic 3: Use index to compare employment growth Phase 2: Quantitative Analysis
Navy base closes Charleston forms a regional alliance Phase 2: Quantitative Analysis
The story of Oklahoma City in 1 slide Phase 2: Quantitative Analysis
<ul><li>Brainpower </li></ul><ul><ul><li>Education and training </li></ul></ul><ul><ul><li>Research </li></ul></ul><ul><li...
Phase 2: Quantitative Analysis
<ul><li>Demographic Indicators </li></ul><ul><li>Workforce Indicators </li></ul><ul><li>Business Indicators </li></ul><ul>...
<ul><li>Traded business (economic base) analysis | Cluster analysis </li></ul><ul><li>Local business analysis: Retail capt...
<ul><li>Identification: Secondary data and location quotients </li></ul><ul><li>Identification: Interviews and focus group...
<ul><li>Trade area potential </li></ul><ul><li>Retail leakage </li></ul><ul><li>Transformation to a traded cluster: touris...
Location Quotients and Shift Share Analysis compare your economy (county/region) to a reference economy (usually state or ...
Location quotients measure relative employment concentration <ul><li>A simple way to figure out where your economy is spec...
Calculating a Location Quotient Phase 2: Quantitative Analysis
BLS Location Quotient Calculator <ul><li>You can use a Bureau of Labor Statistics Location Quotient Calculator: </li></ul>...
Shift Share Analysis <ul><li>Answers these questions  </li></ul><ul><ul><li>Have industries within the community grown fas...
Shift Share: Breaks down growth into three components Source: Georgia Tech Tip: Georgia Tech Course on Economic Developmen...
Shift Share: Breaks down growth into three components Source: Georgia Tech Tip: Georgia Tech Course on Economic Developmen...
Shift Share: Breaks down growth into components Source: Georgia Tech Tip: Georgia Tech Course on Economic Development Anal...
SWOT: An Organizing Framework Source: Angelou Economics Phase 2: Quantitative Analysis
Phase 2: Quantitative Analysis
Phase 2: Quantitative Analysis
Converting analog to digital Neil Reid, Ph.D., and Michael C. Carroll, Ph.D., &quot;Structuring a Successful Greenhouse Cl...
Social network analysis helps you understand connections Tip: The Tipping Point Phase 2: Quantitative Analysis
Which region is stronger? Phase 2: Quantitative Analysis
Tip:  Council on Competitiveness Guidebook available on  http://edi-strategy.net Phase 2: Quantitative Analysis
Phase 2: Quantitative Analysis
Start at: http://www.econdata.net Finding Data: Start here.... Phase 2: Quantitative Analysis
Finding Data: And here.... http://quickfacts.census.gov/qfd Courtesy: Ed Morrison & Tim Chase Phase 2: Quantitative Analysis
Cluster Maps from Institute for Strategy and Competitiveness http://www.isc.hbs.edu / Phase 2: Quantitative Analysis
Purdue Center for Regional Development, Indiana Business Research Center and Strategic Development Group Inc. published a ...
http://youreconomy.org Phase 2: Quantitative Analysis
<ul><li>Step 1: Define your message </li></ul><ul><li>Step 2: Be clear on the comparison </li></ul><ul><li>Step 3: Choose ...
<ul><li>Be clear and concise about the message </li></ul><ul><li>Focus on the aspect of the data you want to emphasize </l...
What’s the message? Phase 2: Quantitative Analysis: Drawing Charts
What’s the message? Phase 2: Quantitative Analysis: Drawing Charts
What’s the message? Phase 2: Quantitative Analysis: Drawing Charts
What’s the message? Phase 2: Quantitative Analysis: Drawing Charts
What’s the message? Phase 2: Quantitative Analysis: Drawing Charts
Outline of the Course <ul><li>Overview of Strategy </li></ul><ul><li>Phase 1: Defining a “Plan for the Plan” </li></ul><ul...
A process view of strategy Phase 3: Making Choices
Phase 3: Making Choices: A Portfolio View
Potential criteria <ul><li>Risk </li></ul><ul><li>Return </li></ul><ul><li>Time frame </li></ul><ul><li>Co-investment, lev...
Outline of the Course <ul><li>Overview of Strategy </li></ul><ul><li>Phase 1: Defining a “Plan for the Plan” </li></ul><ul...
Phase 4: Implementing, Measuring Updating
Outline of the Course <ul><li>Overview of Strategy </li></ul><ul><li>Phase 1: Defining a “Plan for the Plan” </li></ul><ul...
How do we know we have succeeded? (are succeeding?) <ul><li>Co-investment (Sustainability) </li></ul><ul><li>Network size ...
Appendix
Why Look at Occupation Clusters? <ul><li>It is generally accepted that US regional economies must transition to a </li></u...
Utility of Occupation Clusters <ul><li>Understand the local workforce and educational situation within the broader regiona...
Fifteen Occupation Clusters The study will focus mainly on the 15 “knowledge-based” clusters:
Next Steps in the Cluster Analysis <ul><li>Definition of knowledge-based clusters for every US county (3,140 counties). </...
Sample Cluster Maps for EGR 11
Sample Cluster Maps for EGR 11
EGR 11 Occupation Cluster Chart
EGR11 Leading Clusters
Skilled Production Cluster - Detail
Engineering and Related Sciences Cluster - Detail
The O*NET® Content Model Detailed Outline The Content Model is the conceptual foundation of O*NET. The Content Model provi...
Health Care Occupation Cluster - Detail
Health Care Occupation Cluster - Detail
Health Care Occupation Cluster - Detail
Discussion and Questions <ul><li>Contacts for further information: </li></ul><ul><li>Sam Cordes –  [email_address]  (Overa...
Upcoming SlideShare
Loading in...5
×

EDI Strategic Planning 2 Mar 2010 Indianapolis

1,012

Published on

My slides for the class on strategic planning at the Economic Development Institute. This course covers traditional strategic planning that the International Economic Development Council insists is still relevant to training economic development professionals.

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
1,012
On Slideshare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
30
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Transcript of "EDI Strategic Planning 2 Mar 2010 Indianapolis"

  1. 1. Advanced Strategic Planning 2 <ul><li>Ed Morrison </li></ul><ul><li>Economic Development Institute </li></ul><ul><li>Indianapolis </li></ul><ul><li>March 2010 </li></ul>
  2. 2. http://edi-strategy.net/join Invitation Code: edi Slides and other materials are available here:
  3. 3. Outline of the Course <ul><li>Overview of Strategy </li></ul><ul><li>Phase 1: Defining a “Plan for the Plan” </li></ul><ul><li>Phase 2: Assessing Your Options </li></ul><ul><li>Phase 3: Making Choices </li></ul><ul><li>Phase 4: Implementing, Measuring, Updating </li></ul><ul><li>Characteristics of Effective Strategy </li></ul>
  4. 4. Start at the beginning: Economic development in a nutshell Overview
  5. 5. Why telling stories makes a difference... This is how you set your directions with strategy Overview
  6. 6. Prosperous stories create a “buzz” Overview
  7. 7. Negative stories become self-fulfilling Overview
  8. 8. Outline of the Course <ul><li>Overview of Strategy </li></ul><ul><li>Phase 1: Defining a “Plan for the Plan” </li></ul><ul><li>Phase 2: Assessing Your Options </li></ul><ul><li>Phase 3: Making Choices </li></ul><ul><li>Phase 4: Implementing, Measuring, Updating </li></ul><ul><li>Characteristics of Effective Strategy </li></ul>
  9. 9. Plan for the Plan Define Options Research: Quantitative Analysis Strategy: Make Choices (usually includes public comments) Execute: Implement, Measure, Revise Phase 1 Phase 2 Phase 3 Phase 4 A Traditional Strategic Planning Process
  10. 10. <ul><ul><li>Developing a core team </li></ul></ul><ul><ul><li>Defining your region </li></ul></ul><ul><ul><li>Developing a budget and governance </li></ul></ul><ul><ul><li>Defining your &quot;stakeholders&quot; </li></ul></ul><ul><ul><li>Defining a communications strategy </li></ul></ul><ul><ul><li>Compiling an initial strategic agenda </li></ul></ul><ul><ul><li>Defining a process and timeline </li></ul></ul>Phase 1: Defining A Plan for the Plan Phase 1: Defining a Plan for the Plan
  11. 11. New approaches to defining a core team Phase 1: Defining a Plan for the Plan Traditional View Emerging View Centralized Distributed, Shared Single Leader Many Leaders Command and control Link and leverage Lead from the front Lead from the front or rear
  12. 12. Emerging roles of leadership in a core team Phase 1: Defining a Plan for the Plan Network Leader Role Responsibilities Conveynor Creates neutral space Connector Links people and assets Civic entrepreneur Sees new opportunity Guide, Mentor Maps a complex process Strategist Reveals larger patterns
  13. 13. <ul><li>Purpose: Why? What’s the purpose? </li></ul><ul><li>Media markets </li></ul><ul><li>Commuting Patterns </li></ul><ul><li>Cluster Anchor Linkages </li></ul><ul><li>Affinities: Mind Share </li></ul>Defining Your Geographic Scope Phase 1: Defining a Plan for the Plan
  14. 14. Exercise: What’s the Bluegrass? Phase 1: Defining a Plan for the Plan
  15. 15. Phase 1: Defining a Plan for the Plan
  16. 16. Budget Components <ul><li>Research: Professional Fees </li></ul><ul><li>Research: Data Acquisition, GIS </li></ul><ul><li>Facilitation: Professional Fees </li></ul><ul><li>Facilitation: Meeting expenses </li></ul><ul><li>Consulting </li></ul><ul><li>Communications: Print and web design </li></ul><ul><li>Other communications </li></ul><ul><li>Travel </li></ul><ul><li>Validation: Fund raising </li></ul>Phase 1: Defining a Plan for the Plan
  17. 17. Inspiration.com Mapping stakeholders Phase 1: Defining a Plan for the Plan
  18. 18. Communications Plan Components <ul><li>Audiences </li></ul><ul><li>Key Message points </li></ul><ul><li>Channels </li></ul><ul><li>Products </li></ul><ul><li>Frequency, Reach </li></ul><ul><li>Budget </li></ul>Phase 1: Defining a Plan for the Plan
  19. 19. Mapping a process: Simple Phase 1: Defining a Plan for the Plan
  20. 20. Mapping a process: More complex Phase 1: Defining a Plan for the Plan
  21. 21. Mapping a process: About Right Plan for the Plan Define Options Research: Quantitative Analysis Strategy: Make Choices (usually includes public comments) Execute: Implement, Measure, Revise Phase 1 Phase 2 Phase 3 Phase 4 Phase 1: Defining a Plan for the Plan
  22. 22. Outline of the Course <ul><li>Overview of Strategy </li></ul><ul><li>Phase 1: Defining a “Plan for the Plan” </li></ul><ul><li>Phase 2: Assessing Your Options </li></ul><ul><li>Phase 3: Making Choices </li></ul><ul><li>Phase 4: Implementing, Measuring, Updating </li></ul><ul><li>Characteristics of Effective Strategy </li></ul>Phase 1: Defining a Plan for the Plan
  23. 23. Phase 2: Assessing Options <ul><li>Using Data to Tell a Story </li></ul><ul><li>Analytic Tools </li></ul>Phase 2: Quantitative Analysis
  24. 24. <ul><li>Analog: Quantitative: People, Businesses and Places </li></ul><ul><li>Digital: Qualitative: Surveys, Interviews, Focus Groups </li></ul><ul><li>Think about the structure of the story from Day 1 </li></ul>Using Data to Tell a Story Phase 2: Quantitative Analysis
  25. 25. Study what others are doing Phase 2: Quantitative Analysis
  26. 26. Santa Fe Phase 2: Quantitative Analysis
  27. 27. London, UK Telling a Story
  28. 28. Some Big Picture Themes <ul><li>Is our population growing: | Population </li></ul><ul><li>Are we producing jobs? | Employment </li></ul><ul><li>Are we generating income? | Income </li></ul>This story, although helpful, only sets the stage Phase 2: Quantitative Analysis
  29. 29. Drawing a clear picture Tactic 1: Use benchmark communities to measure progress Phase 2: Quantitative Analysis
  30. 30. Drawing a clear picture Tactic 2: Use growth rates in wage and salaried employment Phase 2: Quantitative Analysis
  31. 31. Drawing a clear picture Tactic 3: Use index to compare employment growth Phase 2: Quantitative Analysis
  32. 32. Navy base closes Charleston forms a regional alliance Phase 2: Quantitative Analysis
  33. 33. The story of Oklahoma City in 1 slide Phase 2: Quantitative Analysis
  34. 34. <ul><li>Brainpower </li></ul><ul><ul><li>Education and training </li></ul></ul><ul><ul><li>Research </li></ul></ul><ul><li>Innovation </li></ul><ul><ul><li>Entrepreneurship and business development networks </li></ul></ul><ul><li>Physical infrastructure </li></ul><ul><ul><li>Connectivity </li></ul></ul><ul><ul><li>Attractions </li></ul></ul>Drawing a clear picture Tactic 4: Mapping Your Assets (on maps) Phase 2: Quantitative Analysis
  35. 35. Phase 2: Quantitative Analysis
  36. 36. <ul><li>Demographic Indicators </li></ul><ul><li>Workforce Indicators </li></ul><ul><li>Business Indicators </li></ul><ul><li>Economic Base Analysis </li></ul><ul><li>Capacity Analysis </li></ul><ul><li>Benchmarking Competitors </li></ul>Checklist of Quantitative Analysis Phase 2: Quantitative Analysis
  37. 37. <ul><li>Traded business (economic base) analysis | Cluster analysis </li></ul><ul><li>Local business analysis: Retail capture and leakage </li></ul><ul><li>Location quotients </li></ul><ul><li>Shift share </li></ul><ul><li>SWOT </li></ul><ul><li>Social Network Analysis </li></ul><ul><li>Regional Asset Mapping </li></ul>Analytic Tools You Can Use Phase 2: Quantitative Analysis
  38. 38. <ul><li>Identification: Secondary data and location quotients </li></ul><ul><li>Identification: Interviews and focus groups </li></ul>Traded businesses and clusters generate wealth: Your Economic Base Tip: Institute for Strategy and Competitiveness: Competitiveness Data ($) http://www.isc.hbs.edu/ Phase 2: Quantitative Analysis
  39. 39. <ul><li>Trade area potential </li></ul><ul><li>Retail leakage </li></ul><ul><li>Transformation to a traded cluster: tourism connection </li></ul>Local businesses circulate funds and build the unique character of the region Tip: Plugging the Leaks: http://www.pluggingtheleaks.org / Phase 2: Quantitative Analysis
  40. 40. Location Quotients and Shift Share Analysis compare your economy (county/region) to a reference economy (usually state or national) <ul><li>Two tools to identify your regional strengths </li></ul><ul><li>Location Quotients: Helps you identify areas of specialization in your economy relative to a reference economy. Focus on employment. </li></ul><ul><li>Shift Share Analysis: Helps you spot stronger sectors relative to a reference economy. Focus on job growth. </li></ul>Phase 2: Quantitative Analysis
  41. 41. Location quotients measure relative employment concentration <ul><li>A simple way to figure out where your economy is specialized </li></ul><ul><li>A location quotient is a ratio comparing the local percentage of employment in a sector to the national percentage of employment in that sector </li></ul><ul><li>It is a measure of relative concentration </li></ul><ul><li>A location quotient > 1 indicates an area of relative strength </li></ul><ul><ul><ul><li>Your region is more specialized than the nation as a whole </li></ul></ul></ul>Phase 2: Quantitative Analysis
  42. 42. Calculating a Location Quotient Phase 2: Quantitative Analysis
  43. 43. BLS Location Quotient Calculator <ul><li>You can use a Bureau of Labor Statistics Location Quotient Calculator: </li></ul><ul><ul><li>The BLS LQ calculator uses the quarterly survey of wages and employment (establishment data) to calculate LQs for any state or county in the U.S. </li></ul></ul><ul><ul><li>Try it: </li></ul></ul><ul><ul><ul><li>http://data.bls.gov/LOCATION_QUOTIENT/servlet/lqc.ControllerServlet </li></ul></ul></ul>Phase 2: Quantitative Analysis
  44. 44. Shift Share Analysis <ul><li>Answers these questions </li></ul><ul><ul><li>Have industries within the community grown faster than their national counterparts over time? </li></ul></ul><ul><ul><li>Has community growth over time been due to national trends or to improvements in competitive position? </li></ul></ul><ul><li>Employment change = National growth + Industry share + Competitive share </li></ul><ul><li>Provides indication of future growth assuming no change in key factors currently impacting growth </li></ul>Phase 2: Quantitative Analysis
  45. 45. Shift Share: Breaks down growth into three components Source: Georgia Tech Tip: Georgia Tech Course on Economic Development Analysis: http://cherry.iac.gatech.edu/6602/xschedule.htm Phase 2: Quantitative Analysis
  46. 46. Shift Share: Breaks down growth into three components Source: Georgia Tech Tip: Georgia Tech Course on Economic Development Analysis: http://cherry.iac.gatech.edu/6602/xschedule.htm Phase 2: Quantitative Analysis
  47. 47. Shift Share: Breaks down growth into components Source: Georgia Tech Tip: Georgia Tech Course on Economic Development Analysis: http://cherry.iac.gatech.edu/6602/xschedule.htm Phase 2: Quantitative Analysis
  48. 48. SWOT: An Organizing Framework Source: Angelou Economics Phase 2: Quantitative Analysis
  49. 49. Phase 2: Quantitative Analysis
  50. 50. Phase 2: Quantitative Analysis
  51. 51. Converting analog to digital Neil Reid, Ph.D., and Michael C. Carroll, Ph.D., &quot;Structuring a Successful Greenhouse Cluster in Northwest Ohio&quot;, The IEDC Economic Development Journal, Fall, 2006 Phase 2: Quantitative Analysis
  52. 52. Social network analysis helps you understand connections Tip: The Tipping Point Phase 2: Quantitative Analysis
  53. 53. Which region is stronger? Phase 2: Quantitative Analysis
  54. 54. Tip: Council on Competitiveness Guidebook available on http://edi-strategy.net Phase 2: Quantitative Analysis
  55. 55. Phase 2: Quantitative Analysis
  56. 56. Start at: http://www.econdata.net Finding Data: Start here.... Phase 2: Quantitative Analysis
  57. 57. Finding Data: And here.... http://quickfacts.census.gov/qfd Courtesy: Ed Morrison & Tim Chase Phase 2: Quantitative Analysis
  58. 58. Cluster Maps from Institute for Strategy and Competitiveness http://www.isc.hbs.edu / Phase 2: Quantitative Analysis
  59. 59. Purdue Center for Regional Development, Indiana Business Research Center and Strategic Development Group Inc. published a new set of tools this month.This is a great resource for anyone trying to define a regional cluster. http://www.statsamerica.org/innovation/ Regional Clusters and Innovation Phase 2: Quantitative Analysis
  60. 60. http://youreconomy.org Phase 2: Quantitative Analysis
  61. 61. <ul><li>Step 1: Define your message </li></ul><ul><li>Step 2: Be clear on the comparison </li></ul><ul><li>Step 3: Choose a chart type </li></ul>Drawing Charts: Use Each Chart to Tell a Part of Your Story Phase 2: Quantitative Analysis
  62. 62. <ul><li>Be clear and concise about the message </li></ul><ul><li>Focus on the aspect of the data you want to emphasize </li></ul><ul><li>Put the message at the top of the graph </li></ul>Defining the Message Phase 2: Quantitative Analysis: Drawing Charts
  63. 63. What’s the message? Phase 2: Quantitative Analysis: Drawing Charts
  64. 64. What’s the message? Phase 2: Quantitative Analysis: Drawing Charts
  65. 65. What’s the message? Phase 2: Quantitative Analysis: Drawing Charts
  66. 66. What’s the message? Phase 2: Quantitative Analysis: Drawing Charts
  67. 67. What’s the message? Phase 2: Quantitative Analysis: Drawing Charts
  68. 68. Outline of the Course <ul><li>Overview of Strategy </li></ul><ul><li>Phase 1: Defining a “Plan for the Plan” </li></ul><ul><li>Phase 2: Assessing Your Options </li></ul><ul><li>Phase 3: Making Choices </li></ul><ul><li>Phase 4: Implementing, Measuring, Updating </li></ul><ul><li>Characteristics of Effective Strategy </li></ul>Phase 3: Making Choices
  69. 69. A process view of strategy Phase 3: Making Choices
  70. 70. Phase 3: Making Choices: A Portfolio View
  71. 71. Potential criteria <ul><li>Risk </li></ul><ul><li>Return </li></ul><ul><li>Time frame </li></ul><ul><li>Co-investment, leverage </li></ul><ul><li>Sustainability </li></ul><ul><li>Replicability, scalability </li></ul>
  72. 72. Outline of the Course <ul><li>Overview of Strategy </li></ul><ul><li>Phase 1: Defining a “Plan for the Plan” </li></ul><ul><li>Phase 2: Assessing Your Options </li></ul><ul><li>Phase 3: Making Choices </li></ul><ul><li>Phase 4: Implementing, Measuring, Updating </li></ul><ul><li>Characteristics of Effective Strategy </li></ul>Phase 4: Implementing, Measuring Updating
  73. 73. Phase 4: Implementing, Measuring Updating
  74. 74. Outline of the Course <ul><li>Overview of Strategy </li></ul><ul><li>Phase 1: Defining a “Plan for the Plan” </li></ul><ul><li>Phase 2: Assessing Your Options </li></ul><ul><li>Phase 3: Making Choices </li></ul><ul><li>Phase 4: Implementing, Measuring, Updating </li></ul><ul><li>Characteristics of Effective Strategy </li></ul>
  75. 75. How do we know we have succeeded? (are succeeding?) <ul><li>Co-investment (Sustainability) </li></ul><ul><li>Network size and density of connections </li></ul><ul><li>Initiatives that are replicable, scalable, sustainable </li></ul>
  76. 76. Appendix
  77. 77. Why Look at Occupation Clusters? <ul><li>It is generally accepted that US regional economies must transition to a </li></ul><ul><li>knowledge-based economy so as to remain competitive in the global </li></ul><ul><li>context. </li></ul><ul><li>Insight into occupation clusters is critical to </li></ul><ul><li>creation of a knowledge economy in rural </li></ul><ul><li>regions - identify and map nationally. </li></ul>Experts such as Feser and Markusen have both made the case for targeting occupations as well as industries in regional economic development efforts.
  78. 78. Utility of Occupation Clusters <ul><li>Understand the local workforce and educational situation within the broader regional economic development context </li></ul><ul><li>Use information in bridging the gap between workforce and economic development when constructing a regional economic development strategy </li></ul><ul><li>Use local and regional occupational cluster mix to diagnose how well positioned the region and its communities are to participate effectively in a knowledge-based innovation economy </li></ul><ul><li>Determine how well occupation and knowledge cluster strengths align with the region’s business and industry cluster strengths </li></ul>
  79. 79. Fifteen Occupation Clusters The study will focus mainly on the 15 “knowledge-based” clusters:
  80. 80. Next Steps in the Cluster Analysis <ul><li>Definition of knowledge-based clusters for every US county (3,140 counties). </li></ul><ul><li>Location of the clusters on GIS based maps, showing cluster size and concentration (location quotients). </li></ul><ul><li>Change in clusters over time. </li></ul><ul><li>In-depth study of cluster composition and characteristics in YOUR region. </li></ul><ul><li>Analysis of Industry Cluster Specific Occupation Clusters (ICOC clusters) – a new method that we are testing to determine the concentration of occupation clusters within a specific industry cluster. This will help determine the functionality of specific industry clusters (for example, R&D versus Production emphasis in a particular geography). </li></ul><ul><li>Each product will be made available for evaluation by pilot region stakeholders. </li></ul>
  81. 81. Sample Cluster Maps for EGR 11
  82. 82. Sample Cluster Maps for EGR 11
  83. 83. EGR 11 Occupation Cluster Chart
  84. 84. EGR11 Leading Clusters
  85. 85. Skilled Production Cluster - Detail
  86. 86. Engineering and Related Sciences Cluster - Detail
  87. 87. The O*NET® Content Model Detailed Outline The Content Model is the conceptual foundation of O*NET. The Content Model provides a framework that identifies the most important types of information about work and integrates them into a theoretically and empirically sound system.
  88. 88. Health Care Occupation Cluster - Detail
  89. 89. Health Care Occupation Cluster - Detail
  90. 90. Health Care Occupation Cluster - Detail
  91. 91. Discussion and Questions <ul><li>Contacts for further information: </li></ul><ul><li>Sam Cordes – [email_address] (Overall project) </li></ul><ul><li>Christine Nolan – [email_address] (Occupation clusters) </li></ul><ul><li>Jerry Conover – [email_address] (Innovation Indicators) </li></ul><ul><li>Mark Drabenstott – [email_address] (Investment tools) </li></ul><ul><li>Scott Burgins – [email_address] (Stakeholder participation model) </li></ul><ul><li>Project Website for viewing maps, Industry Cluster report, county and region cluster tool: http://www.ibrc.indiana.edu/innovation/ </li></ul>
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×