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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
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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
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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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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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Expanded networks will drive innovation in the Regions
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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 “open innovation” agenda
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Thank you!
Learn more
WIRED Nationhttp://wired-nation.net
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