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Forget Vision, Coherence and Direction Matter More

In this engaging post, Greg Satell talks about the evolving role of leadership. Facing moribund or dysfunctional organizations, leaders confront the challenge of adaptation. Unless the organization transforms, it will likely die. But how do leaders change direction and establish new, shared values? How do you open the door to new possibilities? In my experience, […]

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Step 1: Creating new narratives

In the world of networks, narratives provide guidance. They convey knowledge. They generate learning. They create coherence. They reflect and spread the positive mindset needed for transformation and resilience. When confronting a complex regional transformation, we often focus first on the regional narrative: The stories people share with each other. This step involves seeking out […]

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Re-imagining the economic development profession: What would it look like if…

Next week, I head back to work with our colleagues at Fraunhofer. As I prepare for the trip, I’ve been thinking about the future of the economic development profession. In the wake of the financial crisis and the near collapse of the financial system, hopes that the global economy would return to “normal” have faded. […]

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Economic Development Policy: Moving from incentives to co-investment

So much of our obsession with economic development in local and state government focuses on incentives. By some accounting, state and local incentives total over $60 billion a year, and there’s a business in enabling businesses to grab these goodies. If I were “king”, I would do away with the term “incentive” and focus our […]

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What if we can’t “fix” poverty?

Across the country, we are dealing with the consequences of the growing disparity in income between the rich and poor. How can we use new thinking about networks to address these challenges? A promising pilot project has been underway for some years in Shreveport, Louisiana. Community Renewal International takes a decidedly different approach to the […]

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Developing a University’s Two Ecosystems

Universities can develop two distinct, overlapping ecosystems: one targets at start-ups; the second focuses on innovative companies. To date, most […]

Slowly Understanding the Impact of Globalization

In 1984, I joined a boutique consulting firm, an offshoot of BCG. We had two major clients: GE and Volvo. […]

Moving Toward Strategy as a Flexible Process

Strategy is dynamic. Different business units — positioned at different locations on the S-Curve — will face different strategic challenges. […]

Why Trump’s Talks with North Korea Failed

If you are familiar with the dynamics of collaboration, it’s easy to understand why Trump’s talks with Kim Jong-un failed. […]

What’s Next: Ecosystem Strategies

In the US, economic development over the last few months has focused on two big stories: Foxconn and Amazon. Wisconsin […]

Teaching Strategy Skills With Simulation Games

At our Lab at Purdue, we teach the multiple skills of complex collaboration with simulation games. Every organization is facing […]