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ted@econleadership.com

ted@econleadership.com. Think. I Have Nothing Profound the Say. …except, many of the things we all used to know we knew, have changed. Today’s New “Place” Reality. The economy changed The competition changed Locational factors changed The U.S. workforce has changed

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ted@econleadership.com

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  1. ted@econleadership.com

  2. Think I Have Nothing Profound the Say …except, many of the things we all used to know we knew, have changed

  3. Today’s New “Place” Reality • The economy changed • The competition changed • Locational factors changed • The U.S. workforce has changed • The talent demands changed • Customer (talent & companies) demands/expectations changed • The pace of change and everything else changed

  4. How Is The Economy?

  5. Corporate Profits at All Time High

  6. Stock Market at All Time High

  7. Housing Price Index- Inflation Adjusted Source: Calculatedriskblog.com

  8. Stagnation of wages and slow growth of jobs Wide disparity between people and places

  9. So What Are Some Economic Facts?

  10. Annual U.S. Employment Change Source: BLS Nov 2013

  11. Annual U.S. Employment Change By SectorMarch 2013 to March 2014 Source: BLS April 2014

  12. Southern States 1-Year Employment Changes Feb 2013 to Feb 2014 Source: U.S. BLS, Dec, Measured Feb 2013- Feb 2014

  13. Southern States 1-Year Employment Changes Source: U.S. BLS, March 2014, Measured Feb 2013 to Feb 2014

  14. NC Employment Change By SectorFeb 2013 to Feb 2014 Source: BLS April 2014

  15. NC Employment Growth Jan Annual Employment Source:NCESC.com

  16. “Everyone has a plan ‘till they get hit in the mouth” Mike Tyson

  17. The Punch- Job Change 1990 to 2012 The loss of about 80% of our traditional manufacturing jobs Source: NCESC.com

  18. NC Employment Changes By Sector 2000-2012 Employees on nonfarm payrolls by state and selected industry sector, seasonally adjusted Source: QCEW County Sector Data

  19. Employment ChangeJanuary 2008 to January 2014 Source: NCESC.com

  20. Southern States Per Capita Income1990-2012 (% Different from Nation Change) U.S. Change 120.6% Inflation 73% Source: bber, University of New Mexico

  21. NC Per Capita Income Compared to U.S. 1990-2012 Source: bber, University of New Mexico

  22. GDP/Capita Changes in the NC 1997-2011 Source: BEA, Oct 2012

  23. Contextualizing Change

  24. A “Place-Based” Strategy Choices of Intentional Actions To Move From Here To There Where You Are, Your Current Reality Where You Desire To Be Leadership Information Curation Direction, or Compass is driven by the Vision, Mission and Core Values of the organization or place Context is determined by the conversion of comparative and longitudinal data into information that can be used as knowledge Change is the group of factors, outside your control, that influences your future, global trends, demographic shifts, changing technology • Action Plan • What actions will we undertake? • Who will be responsible for those actions? • What resources do we need to be successful? • Where will those resources come from? • When will each action start and be completed? • What results do we expect? • How will those results be evaluated, and; • How will we monitor the plan and continuously update it?

  25. “No one born after the turn of the century has ever known anything but a world uprooting its foundations, overturning its values and toppling its idols.” Peter Drucker 1957

  26. Big Trends

  27. Urbanization

  28. U.S. Population ConcentrationMetro-Non-Metro Almost 60% of US population lives in Cities of 1 million or more 80% In 2012 over 90% of GDP and 86% of all jobs are in metropolitan areas Source: Census

  29. Southern States % of Population Rural & Small Cities 2010 Source: U.S. Census 2010, Daily Yonder 2012

  30. 2013 Ranking for NC Metropolitan and Metropolitan Statistical Areas Of 366 Metropolitan Areas Top Third (7) Middle Third (3) Bottom Third (4) Of 576 Micropolitan Areas Top Third (8) Middle Third (4) Bottom Third (14) Source: Policom.com, 2013

  31. Global Interdependence

  32. State Goods % Exports Growth 2010-2013 Source:2010-2013 data from U.S. Census and Foreign Trade

  33. Technology

  34. McKinsey & CompanyDisruptive Technologies: May 2013 Energy Mobile Internet Advanced Materials Next Generation Genomics Robotics, Cloud, Digital-intel, 3D Printing

  35. The Talent Bar Is Rising

  36. US Adults Years School Completed In 1980, 32% had some college & 17% BA In 2010, 56% some college & 30% BA Source: U.S. Census

  37. Work Shifts Creative Work Routine Work Outsourced Routine Work Machines Routine Work Source: National Center on Education and the Economy, Tough Choices or Tough Times, 2007

  38. “What is different now is the nature of jobs going away has changed…the type of jobs affected have moved up the income distribution.” Peter Diamond MIT Economist 2010 Nobel Prize Winner

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