|Course Methods:||Experiential Training (Action Learning Workshop)|
|Course Venue:||USA West: Las Vegas, NV. Los Angeles, CA. San Francisco, CA. Seattle, WA.
USA East: Chicago, IL. Houston, TX. New York (NYC), NY, Washington, DC. Miami, FL.
|Course Duration:||1 - 2 weeks (1 week seminar + 1 week experiential project)|
|Course Times:||9:30 AM - 3:30 PM|
|Course Dates:||Management Training Courses Calendar|
|Other Course Options:||
Contact us for course
topics and duration customization.
Available on-site for a group of 5 or more delegates.
|The Advantage:||Client Testimonials. Training Excellence. CEO Club|
Economic development boards, political leaders, government agencies, municipal, city and state governments, chambers of commerce, civic, community and political leaders, financial institutions, workforce planning and development agencies
Note: This training course is designed for government professionals. We do not accept students seeking initial employment, postsecondary education or initial licensing programs
Provide an understanding of the strategic planning framework of economic development
Offer experiential analysis of the challenges of economic development leadership in competing in a global market place
Examine how firms, industries and countries compete
Understand the resources, capabilities, and core competences that make an economy successful in developing and sustaining a competitive advantage
Focus on the frameworks, models and tools needed to formulate and implement successful economic development strategies
Create work-based projects to develop strategic initiatives based on the delegate's unique set of issues, resources and business environment
Plan, implement and monitor strategy execution using performance measurement systems
Identify the challenges of designing and implementing strategic change
Share strategy insights from the world’s most successful economies
Learn proprietary best practices in policy making and measurement such as as Gross National Happiness (GNH), Gross National Wellbeing (GNW), and Gross National Development (GND)
Develop the core business strategy management skills and competencies. The core competencies include business strategy planning, control, problem-solving and communication
Analyze economic and business environment using SWOT & PEST Models
Understand economic and business competitive advantages
Define economic vision, mission, goals and objectives
Discuss demand-side economic strategies and supply-side economic strategies
Identify economic development initiatives, programs and projects
Implement economic development strategy, build consensus and manage change
Establish economic development indicators and benchmarking
Experiential action learning
25%-50% theory and 50-75% experiential project work
The development and evaluation of management skills are based on KASAC training model
Top Strategic Economic Development Questions. Gross National Happiness (GNH). Gross National Well-being. Gross National Development (GND). CEO's Strategic Challenges. Strategic Planning. Strategy Best Practices and Pitfalls. Economic Development Strategy Toolkit. Strategy Formulation. Strategy Implementation and Strategy Evaluation Framework.
Critical analysis of the applications and limitations of popular strategic management practices, models and frameworks, including: Harvard Balanced Scorecard (Kaplan & Norton) for Government Agencies. Strategic Stretch vs. Strategic Fit. Boston Consulting Group (BCG) Matrix. Portfolio Analysis (Cash Cows, Dogs, Question Marks, Stars) & (Divest, Invest, Build and Harvest). Cost/Benefit Analysis (CBA). Industry Profit Pool Analysis. Industry Value Chain Analysis (VCA). Strength, Weakness, Opportunities and Threats (SWOT) Analysis. Competitive Benchmarking. Industry Life Cycle (ILC). Core Competencies. Critical Success Factors (CSF). Game Theory. Nash Equilibrium. Scenario Planning. Key Performance Indicators (KPI). Sustainable Competitive Advantage. Risk Management. Trends Probability and Impact. Organization Design. Change Management. Natural Law. Gap Analysis. Business and Economic Growth Drivers. Environment Scanning. Political, Economic, Social and Technology (PEST) Analysis. Economic and Industry Attractiveness. Industry Structure. Introduction Strategies. Growth Strategies. Maturity Strategies. Decline Strategies. Exit Strategies. Industry Rivalry. Entry Threats. Supplier Power. Buyer Power. Threat of Substitutes. Competitive Intelligence. Strategic Group Matrix. Economic Competitive Positions. Sources of Competitive Information. Competitor Economy Profiling. Economic Development Strategic Planning Framework. D’aveni’s Hyper-competition. D’aveni’s 7 S’s. Co-opetition. McKinsey’s 7-S Strategy Framework. Decision Trees. Growth Vector Analysis (GVA). Experience Curve Strategy. McKinsey G.E. Business Screen. Governance. Strategic Alignment. Hierarchy of Objectives. Performance Control System (PCS). Stakeholder Analysis. Economic Power and Politics. Organization & System Design. Business Model. Pareto 80/20. Sustainable Competitive Advantage. 3C's Model Strategic Triangle (Ohmae). 7 Ps (Booms Bitner). ADL Strategic Condition Matrix (Arthur D. Little). Product/Market Grid (Ansoff). Innovation as Blue Ocean Strategy (Kim & Maubourgne). Core Competence (Hamel, Prahalad), Marketing Mix 4P's. Strategic Stakeholder Management
Training Course Customization Subjects (Optional)
Infrastructure and superstructure for economic development
The global economy and international business. The development of the global economy. The globalization driving forces and consequences of growing interdependency among nations
Changing patterns of trade and migration of capital and labor
Economic crisis management and recovery planning: A special case study in the global financial economic crisis of 2008
Assessing the role of finance in economic development: Policies and programs to promote innovation and global competitiveness
Understanding the role of Innovation in economic development: Policies and programs to promote innovation and global competitiveness
Case studies in economic development best practices: USA, Europe and Dubai economic development strategies
Alternative economic development models: Gross National Happiness / Well-being (GNW / GNH) and GNW / GNH Index
Formulating and implementing a comprehensive and integrated set of decisions that achieves economic development goals
Developing an economic development vision, building consensus and managing various stakeholders with different values and interests
Conducting economic, industry and competitive analysis to identify the sources of economic and business competitive advantage
Courseware Content (Customized)
The training courseware includes the following:
Participant's coursework and assessment project guide
Subject matter book(s)
Executive summary of the subject matter:
Summary of essential concepts and business strategy best practices
Examples and case studies
Economic development toolkit (management frameworks, decision models, checklists, etc.)
Experiential work-based assessment project
Online resources for the completion of the experiential assessment project
Performance Evaluation (Optional)
Performance will be evaluated on the basis of individual or team project deliverables
Candidates can complete customized experiential work-based projects such as developing a relevant analysis document, management strategy, action plan or a senior management presentation
The course advisor will review the deliverables and provide improvement feedback
The evaluation is a form of management consulting and experiential coaching for performance improvement
Training Course Registration
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Last Updated: December 3, 2017.