1 / 5

The Competitive Advantage of Inner Cities

The Competitive Advantage of Inner Cities. What is the central argument of Porter’s Competitive Advantage HBR article? Why was/is this argument so unique and potentially empowering (and so controversial)?

nantai
Download Presentation

The Competitive Advantage of Inner Cities

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Competitive Advantage of Inner Cities • What is the central argument of Porter’s Competitive Advantage HBR article? • Why was/is this argument so unique and potentially empowering (and so controversial)? • The “Current Model” of inner city redevelopment is characterized by what approaches and what types of programs? • The “Porter Model” of inner city redevelopment is characterized by what approaches and what types of programs?

  2. The (Dis)Advantages of Inner Cities • What are the True Advantages of the inner city that Porter cites? What is each of these and why are they unique advantages of inner cities? • 1) Strategic Location2) Local Market Demand3) Integration with Regional Clusters (Connectivity)4) Human Resources • What are the Disadvantages of the inner city that Porter cites? What is each of these? Why are they problems? • 1) Land 6) Employee Skills2) Building Costs 7) Management Skills3) Other Costs 8) Capital4) Security 9) Attitudes5) Infrastructure

  3. A Changing Private Sector Role • New Role of the Private Sector1) Create and expand business activity in the inner city2) Establish business relationships with inner city companies3) Redirect corporate philanthropy from social services to business-to-business efforts (invest in human capital efforts with a regional cluster orientation)4) Adopt the right model for equity capital investments (invest in the mundane) • “The private sector will be most effective if it focuses on what it does best: creating and supporting economically viable businesses built on true competitive advantage.”

  4. A Changing Governmental Role • The New Role for Government 1) Direct resources to areas of the greatest need2) Increase the value of the inner city as a business location3) Deliver economic development programs and services through mainstream, private sector institutions 4) Align incentives built into government programs with true economic performance • “Social programs will continue to play a critical role in meeting human needs…[but] they must support – and not undermine – a coherent economic strategy.”

  5. A Changing CBO Role • New Role For Community-Based Organizations • 1) Identify and build on strengths2) Work to change workforce and community attitudes3) Create work-readiness and job-referral systems4) Facilitate commercial site improvement and development • “CBOs must identify their unique competitive advantages and participate in economic development based on a realistic assessment of their capabilities, resources, and limitations.”

More Related