Milwaukee 7 Slidesb

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Introduction to Open Source Economic Development for the Milwaukee 7 group

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Milwaukee 7 Slidesb

  1. 1. An Introduction to Open Source Economic Development for the Milwaukee 7 Economy March 13, 2008 Ed Morrison Purdue Center for Regional Development
  2. 2. Ed Morrison and Scott Hutcheson presented this material to Milwaukee 7 at their Meeting in West Bend, WI April 13, 2008 The material on Open Source Economic Development is copyright Ed Morrison and distributed under a Creative Commons 3.0 attribution license. That means you are free to modify, copy and use this material for commercial purposes provided that you attribute it as follows: Source: Ed Morrison, I-Open Distributed under a Creative Commons 3.0 license. You can learn more about the Creative Commons license at www.creativecommons.org 2
  3. 3. The Core Challenge for the Great Lakes Region: Promote open innovation that crosses political and organizational boundaries Manage the transition between our grandfather’s economy and our grandchildren’s economy 3
  4. 4. Examples of Open Innovation • Clean manufacturing certifications connecting high school to college • STEM education and career academies • High school entrepreneurship training tied to STEM business plan competitions • New high school curricula tied to 21st century skills 4
  5. 5. Our grandfather’s economy created a lot of wealth with vertical business models 5 5
  6. 6. The S-Curve caught up to our grandfather’s economy ‣ Global markets integrated ‣ Costs collapsed ‣ The Internet exploded 6
  7. 7. Our grandchildren’s economy is emerging... 7
  8. 8. 2d Curve strategies are based on “linking and leveraging” 8
  9. 9. Expanded networks will drive innovation in the Great Lakes 9
  10. 10. First Curve Thinking Second Curve Thinking Hierarchies Networks Command and control Link and leverage Vertically integrate Horizontally connect Strategic Planning Strategic Doing Mass Production Mass Customization Transactions Relationships 10
  11. 11. Successful regions will move civic thinking from hierarchies to networks 11
  12. 12. Successful regions will overcome the “power” of the invisible fence 12
  13. 13. Successful regions will see the value in networks 13
  14. 14. Successful regions will take the “Shanghai perspective” Our View Their View 14
  15. 15. WIRED Workforce Innovation in Regional Economic Development (WIRED) Integrate education, economic development and workforce development around a regional innovation agenda 15
  16. 16. Thank you! Learn more WIRED Nation http://wired-nation.net 16

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