Friday, October 10, 2008

RE: Regional Advantage

There is a book called "Regional Advantage" that compares East and West US and is supposed to be really good. Below are points highlighted in an article about the book with a few of my own thoughts. Feel free to share your own thoughts and/or comments.

1. Most successful communities are:

a. Locally enriching and global in character. - Is LW global in character? How do we measure/evaluate this?

2. The more international you are, the more you enrich your local community. LW has MANY international citizens. How do we leverage this knowledge base?

3. Open mind to ways different regions operate.

4. Learn to grow together.

5. The choice is to focus or to allow self to be influenced by diverse ideas.

6. Maximize the brain circulation of people - how do we do this?

7. Adopt a resource-based view of the community - meaning to rely on human sources and sourcing from around the world.

8. New models of internationalization - FLOW - and gradually accumulate knowledge.

9. Network approach to internationalization - developing international partnerships. Idea for LW... drawing on our strengths such as our fishing pier and target marketing fishermen from other cities worldwide who also fish on piers.

10. Value creation - how does LW help its citizens create new value and generate ideas and learning? How do we develop our knowledge base? What is LW's vision?

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