An integrative systems model for economic development 2.0

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This is a model I developed to help cities and counties build the systems needed for economic development. Most communities do not look at the big picture and simply want to "create jobs." Job creation does not occur simply by focusing on jobs. You must take a systems approach to create work that involves infrastructure planning, outreach and community engagement. My short model suggests some of the key parameters for such an effort. If you would like to engage me further or talk about a consultation, please call me at 612-310-3803 or email me at [email protected] or text me. I look forward to discussing your opportunities with you.

Transcript of An integrative systems model for economic development 2.0

Page 1: An integrative systems model for economic development 2.0

Business and Community

Development

Development of Alliances

and Collaborations

Infrastructure Development

Research and Development

Workforce Development

Dr. John Persico Jr.

Page 2: An integrative systems model for economic development 2.0

• Develop vision and goals

• Develop core values

• Develop business model

• Develop tactics and action items

• Develop both process and outcome metrics

• Think Globally but act Locally

• PDCA on a regular basis

Page 3: An integrative systems model for economic development 2.0

• Identify key community partners

• Identify key regional partners

• Identify key global partners

• Develop partner profiles

• Establish partnership goals for each profile

• Set priorities and actions items for each profile

• Develop and track metrics

Page 4: An integrative systems model for economic development 2.0

• Develop a SWOT for infrastructure

• Conduct a best practice analysis for infrastructure

• Identify essential synergies

• Identify partners needed for development

• Prioritize development efforts

• Develop both long-term and contingency plans

• Identify metrics and track all efforts

Page 5: An integrative systems model for economic development 2.0

• Conduct ongoing analysis of economic conditions/environmental scans

• Provide data on potential clients

• Develop “what if” and other scenarios

• Use business analytics to assess development feasibilities

• Track local and global business developments to identify potential opportunities

Page 6: An integrative systems model for economic development 2.0

• Create a competency of skills that include:

– Critical thinking skills

– Multi-cultural skills

– Data and evidence skills

– Project management skills

– SPC tools

– Seven management and planning tools

– Innovation skills

– Personal development skills

– Technology utilization skills