An Introduction to Open Source Economic Development for the Milwaukee 7 Economy

March 13, 2008

Ed MorrisonPurdue Center for Regional Development

Ed Morrison and Scott Hutcheson presented this material to Milwaukee 7 at their Meeting in West Bend, WI

April 13, 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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The Core Challengefor the Great Lakes Region:

Manage the transition between our grandfather’s economy and our grandchildren’s

economy

Promote open innovation that crosses political and organizational boundaries

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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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Our grandfather’s economy created a lot of wealth with vertical business models

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The S-Curve caught up to our grandfather’s economy

‣ Global markets integrated‣ Costs collapsed‣ The Internet exploded

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Our grandchildren’s economy is emerging...

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2d Curve strategies are based on “linking and leveraging”

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Expanded networks will drive innovation in the Great Lakes

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First Curve Thinking Second Curve Thinking

Hierarchies Networks

Command and control Link and leverage

Vertically integrate Horizontally connect

Strategic Planning Strategic Doing

Mass Production Mass Customization

Transactions Relationships

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Successful regions will move civic thinking from hierarchies to networks

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Successful regions will overcome the “power” of the invisible fence

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Successful regions will see the value in networks

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Successful regions will take the “Shanghai perspective”

Our View Their View

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WIREDWorkforce Innovation in RegionalEconomic Development (WIRED)

Integrate education, economic development and workforce

development around a regional innovation agenda

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Thank you!

Learn more

WIRED Nationhttp://wired-nation.net

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