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Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
Innovation Economics | Building Regional Economies
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Innovation Economics | Building Regional Economies

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A brief overview of how open networks are changing the game in regional economic development. A presentation before the Florida Economic Development Council in June 2011.

A brief overview of how open networks are changing the game in regional economic development. A presentation before the Florida Economic Development Council in June 2011.

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Transcript

  • 1. Innovation Economics:Harnessing the Power ofOpen NetworksEd MorrisonPurdue Center for Regional DevelopmentJune 24, 2011
  • 2. Oklahoma City, 1993A basket case
  • 3. Oklahoma City, 2010A national model
  • 4. Realities in 1993...
  • 5. Another clear factGlobalization matters
  • 6. Networks matter
  • 7. First rumblings of the Internet Millions of Users 2,000 1,500 1,000 500 0 1995 1998 2001 2004 2007 2010
  • 8. Clusters matter
  • 9. OK, Smart guy...How do you buildan innovation economy?How do you develop clusters?
  • 10. New Ways ofIt comes down Thinkingto this... New Ways of Behaving New Ways of Doing
  • 11. New Ways ofIt comes down Thinkingto this... New Ways of Behaving New Ways of Doing
  • 12. The Shanghai PerspectiveDeal with it
  • 13. Confront your SwitchpointWe have choices to make
  • 14. Engage the InternetOur first interactive mass medium
  • 15. Move to a new S curveWealth created by networks
  • 16. Understand the challengesWe are between two economies
  • 17. Link assets to createpathways and opportunities
  • 18. Develop 5 types of networksBuild a balanced portfolio
  • 19. Find the leverage pointsEverything is connected
  • 20. Think in new waysNetworks are different
  • 21. Study networksWelcome to a new world
  • 22. Molecular biologyLook familiar?
  • 23. UnderstandOpen SourcesoftwareHow did Linux happen?
  • 24. Managecomplexitywith simplicityThe world is complex enough
  • 25. It comes down New Ways ofto this... Thinking New Ways of Behaving New Ways of Doing
  • 26. Our civic economy is in a ditchProof point: High School Dropouts
  • 27. Transform our civic economyTo make our entire economy more productive
  • 28. Create shared valueVital to our productivity
  • 29. Embrace diversityWhat is the reality of the coffee cup?
  • 30. Civility is strategicSo we can do complex thinking
  • 31. Create rules of civilityThere are none, unless we do
  • 32. Cross invisible fences(They don’t work in global markets...besides they’re for dogs)
  • 33. Confront your Personal SwitchpointBehave in ways that build trust and mutual respect If your actions inspire others to dream more, learn more, do more and become more, you are a leader John Quincy Adams
  • 34. It comes down New Ways ofto this... Thinking New Ways of Behaving New Ways of Doing
  • 35. Why Strategic Doing?Old approaches are too costly, inflexible and difficult to manage
  • 36. Strategic Doing aligns networkswith “Link and Leverage” Strategies
  • 37. Powerful experiencesExperiences that connect and move people... Strategic Doing session Kokomo, IN
  • 38. InnovationThe Nation’s first green manufacturing certification Starting point: 12 people conducting a Strategic Doing session in the basement of the White County courthouse
  • 39. Cluster activationMilwaukee Water Cluster launched a strategic agenda
  • 40. SpeedMilwaukee Water Cluster 3 months after launch session
  • 41. Strategic Doing accelerates trustBy moving people to action quickly
  • 42. A core team leads the clusterThe team commits to principles of open innovation
  • 43. Core TeamPrivately led with civicsupportCommitment tocollaborative innovation(creating shared value)Rules on informationsharing, confidentiality,governance emerge
  • 44. Higher education anchorsColleges and universities can anchor the cluster
  • 45. Others align to the clusterDevelopment organizations align to advance the strategy agenda
  • 46. Build strategy portfoliosFive types of networks support a cluster
  • 47. Place-basedinnovationUse the same strategymap
  • 48. Charleston Digital CorridorPlace-based innovation
  • 49. 21 million jobsneeded to return to full employmentby 2020Source: McKinsey Global Institute
  • 50. OK, Smart guy... New Ways ofHow do you buildan innovation economy? Thinking New Ways of Behaving New Ways of Doing
  • 51. OK, Smart guy... New Ways ofHow do you buildan innovation economy? Thinking New Ways of Behaving New Ways of Doing
  • 52. Small Business Vitality RankingsWe can transform 1. Austin 2. Oklahoma City 3. Charleston, SC Source: Business Journal Digital Network April 11, 2011
  • 53. Strategic DoingAccelerating solutions through civic collaboration
  • 54. Coming Fall 2011Purdue Strategic Doing Professional Certification
  • 55. Get ConnectedPurdue Center for Regional Development
  • 56. Thank you!Ed Morrison

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