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PCRD Louisville Presentation Dec 2008

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A Purdue presentation to the workforce innovation team in Louisville, KY

A Purdue presentation to the workforce innovation team in Louisville, KY

Published in Education , Business
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Transcript

  • 1. Workforce Transformation with Strategic Doing Ed Morrison and Scott Hutcheson Purdue Center for Regional Development December 11, 2008
  • 2. Workforce Transformation with Strategic Doing Ed Morrison and Scott Hutcheson Purdue Center for Regional Development December 11, 2008
  • 3. This presentation presents new pathways to workforce transformation within your region We are moving from our grandfather’s to our grandchildren’s economy Workforce transformation requires new approaches to strategy Strategic Doing provides the discipline to transform a region
  • 4. Innovation in our Grandfather’s Economy generated huge amounts of wealth Coal Dumper, shores of Lake Erie, 1897
  • 5. The S-Curve caught up to our grandfather’s economy ‣ Global markets integrated ‣ Costs collapsed ‣ The Internet exploded
  • 6. Our Grandchildren’s economy is emerging with wealth created by networks... Granchildren's economy: Wealth driven by network business models We are here Prosperity Grandfather's economy: Wealth driven by vertical business models Time
  • 7. Our Challenge: Find pathways to our Grandchildren’s economy... Aligning, linking and leveraging our assets Source: Ed Morrison
  • 8. Workforce transformation requires new approaches to strategy The Smart Ones The Not So Smart Ones
  • 9. We are running out of the brainpower to power a high income economy Our industrial thinking is producing too many people below the line
  • 10. Our public workforce system is fragmented and rigid and responding to fast moving changes is very difficult Youth 14-18 On the Job and Customized Training Youth State Incumbent Council Worker Training Youth 19-21 Ex-Offenders One Stops Dislocated Adults 18+ ITA VouchersWorkers
  • 11. Strategic Doing provides the discipline to transform a region
  • 12. Strategic Doing requires focus and discipline
  • 13. The discipline of Strategic Doing is continuous
  • 14. Strategic doing also requires flexible ways of organizing around opportunities
  • 15. New regional leaders will take the “Shanghai perspective” in all they do Our View Their View
  • 16. WIRED 65 Leadership Team Workshop December 10, 2008 – Louisville, Kentucky Ed Morrison Economic Policy Advisor Scott Hutcheson, Assistant Program Leader Senior Associate Purdue Center for Regional Development North Central Indiana WIRED
  • 17. The NCI Opportunity Fund • Our Investment Strategy • Our Investment Criteria • Our Structure • Our Results (so far)
  • 18. We Will Fund Ideas That… • Are Innovative • Are Regional • Scalable/Reproducible • Leverage Assets and • Are Sustainable (getting more grants does not count) • Are Collaborative
  • 19. Three Types of Investments • Exploratory • Demonstration • Implementation
  • 20. Exploratory Investments • Range: Up to $35K • Scope: Testing and development of new ideas • Output: Summary report of findings and feasibility statement • Collaboration: Preferred • Co-Investors: Preferred
  • 21. Demonstration Investments • Range: Up to $100K • Scope: Evaluate pilot projects and develop expansion plans • Output: Summary report of findings and implementation plan • Collaboration: Required • Co-Investors: Preferred
  • 22. Implementation Investments • Range: No limit • Scope: Region-wide rollout of promising initiatives • Output: Consistent, rapid deployment of fully-developed solution • Collaboration: Required • Co-Investors: Required
  • 23. Eligibility • Economic development organization • Educational institution • Workforce development organization • Local government unity • 501(c)3 nonprofit organization
  • 24. Submitting Ideas • Call • Check website • Attend a civic forum • Consult partners
  • 25. Review Process • Proposal Evaluation Team Scoring • Refer to Core Team • Recommendation from Core Team • Purdue/Indiana DWD funding decision • Contract
  • 26. Proposal Scoring Criteria Factor Scoring Weight Innovative Idea 0-4 X1 Regional Approach 0-4 X1 Reliability 0-4 X1.5 Sustainability 0-4 X1.5 Leverage of Funds 0-4 X1.5 Capacity to Deliver 0-4 X1 Adequacy of Budget 0-4 x1
  • 27. Contract Arrangement • Master Agreement • Project Task Agreement
  • 28. Our Results (so far) • 50-plus new initiatives • 22-plus initiative leaders • Investments ranging from $10K to $3M
  • 29. Common Measures • 5,400 began training • 4,815 completed training • 340 degrees/certificates obtained • 1,825 placed in target industry
  • 30. Other Measures • New network nodes and connections • New business ideas generated • New curricula developed • New technologies transferred • University faculty engaged with industry • Jobs added • Jobs retained
  • 31. Contact Scott Hutcheson Purdue University 1201 West State Street, #227 West Lafayette, Indiana 47907-2057 (765) 494-7273 hutcheson@purdue.edu