An Introduction to Open Source Economic Development for

the TDL Innovation Community

March 18, 2008

Ed MorrisonPurdue Center for Regional Development

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

2

The Core Challengefor the U.S. Regions:

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

economy

Promote open innovation that crosses political and organizational boundaries

3

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

4

5

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

5

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

‣ Global markets integrated‣ Costs collapsed‣ The Internet exploded

6

Our grandchildren’s economy is emerging...

7

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

8

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

9

Expanded networks will drive innovation in the Regions

10

Successful regions will move civic thinking from hierarchies to networks

11

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

12

Successful regions will see the value in networks

13

Successful regions will take the “Shanghai perspective”

Our View Their View

14

WIREDWorkforce Innovation in RegionalEconomic Development (WIRED)

Integrate education, economic development and workforce

development around a regional “open innovation” agenda

15

Thank you!

Learn more

WIRED Nationhttp://wired-nation.net

16