Introduction to Open Source Economic Development for TDL Regions

1. An Introduction to Open Source
Economic Development for
the TDL Innovation Community
March 18, 2008
Ed Morrison
Purdue Center for Regional Development

2. Ed Morrison presented this material
to the WIRED TDL Institute at their Meeting in Memphis, TN
March 18-19, 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
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3. The Core Challenge
for the U.S. Regions:
Promote open innovation that crosses
political and organizational boundaries
Manage the transition between
our grandfather’s economy and our grandchildren’s
economy
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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
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5. Our grandfather’s
economy created
a lot of wealth
with vertical
business models
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6. The S-Curve caught up to our
grandfather’s economy
‣ Global markets
integrated
‣ Costs collapsed
‣ The Internet exploded
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7. Our grandchildren’s economy is emerging...
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8. 2d Curve strategies are based on
“linking and leveraging”
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9. First Curve Ideas Second Curve Ideas
Hierarchies Networks
Command and control Link and leverage
Acquire More Align More
Strategic Planning Strategic Doing
Experience Curve Metcalfe Curve
Mass Production Mass Customization
Transactions Relationships
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10. Expanded networks will drive
innovation in the Regions
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11. Successful regions will move civic
thinking from hierarchies to networks
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12. Successful regions will overcome the “power”
of the invisible fence
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13. Successful regions will see the value in
networks
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14. Successful regions will
take the “Shanghai perspective”
Our View Their View
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15. WIRED
Workforce Innovation in Regional
Economic Development (WIRED)
Integrate education, economic
development and workforce
development around a regional
“open innovation” agenda
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16. Thank you!
Learn more
WIRED Nation
http://wired-nation.net
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