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Growing Regional Economies by Growing Networks

Growing Regional Economies by Growing Networks. Overview. How networks accomplish complex work Networks supporting economic development Entrepreneurship Industry Occupational Civic Strategies for starting and growing networks. It’s a Small World…After All!.

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Growing Regional Economies by Growing Networks

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  1. Growing Regional Economies by Growing Networks

  2. Overview • How networks accomplish complex work • Networks supporting economic development • Entrepreneurship • Industry • Occupational • Civic • Strategies for starting and growing networks

  3. It’s a Small World…After All! Everybody has a “small world” story. What’s yours??

  4. Connections • We live in a world of connections. • Opportunities emerge when we create & nurture new connections & leverage them to create new value. • We call these collections of deliberate connections networks.

  5. Networks Has your personal or professional network added value (economic, social, etc.) to your life by: • Helping you find your current job? • Providing information when you needed it? • Helping you buy or sell something? • Improving organization to produce change?

  6. Networks Can Accomplish Today’s Complex Tasks 1928:< 60; all Warner Brothers 2011:>1,750; hardly any WB

  7. From Tight Hierarchies to Open Networks

  8. Components of a Network Assets • People • Groups • Organizations • Objects Links • Relationships • Transactions • Flows When assets get connected in a network, they can become more valuable than the sum of their parts.

  9. Networks in Economic Development • Industry • Occupational • Entrepreneurship • Civic

  10. Industry & Occupational Networks • Network = Cluster • Four phases of industry & occupational network/cluster development: • Articulation • Activation • Acceleration • Assessment

  11. Occupational Networks Case Study – Launching new enterprises through occupational networks Activity: Identify the four phases of industry & occupational network development in this example.

  12. Entrepreneurship Networks • Peer learning occurs • Resources are shared • New ventures are explored • Pitfalls are avoided • Needs are aggregated

  13. Entrepreneurship Network Case Study ACEnet provides a wide range of assistance to food, wood, and technology entrepreneurs in 29 counties of Appalachian Ohio.

  14. ACEnet: Scattered Fragments Began weaving the network by asking questions: • From whom do you get new ideas that benefit your work? • From whom do you access expertise that improves your operations? • With whom do you collaborate?

  15. Scattered Fragments Network

  16. Creating a Network Hub Kitchen incubator became a hub for restaurateurs and farmers

  17. Hub-&-Spokes Network Emerged

  18. Creating Multiple Hubs • Farmers market • Outdoor café • Restaurant association

  19. Multi-Hub Network

  20. Expanding Network Boundaries Developed the Appalachian Ohio Regional Investment Coalition to bring in additional resources

  21. Core & Periphery Network

  22. The Appalachian Ohio “Salsa” Cluster • 20+ boutique salsa businesses in region • $700K annual sales among new businesses • 350 gallons and 445 lbs of fresh and preserved foods delivered to the region’s food pantries annually • ACEnet serves over 200 existing and emerging entrepreneurs each year

  23. Four Phases of Network Development • Scattered Fragments • Single Hub-and-Spoke • Multi-Hub • Core/Periphery

  24. Trust Co- Creation Co- Execution Turf Sharing Resources Mutual Awareness Civic Network Continuum Sharing Information Exploring Acknowledging Cooperating Collaborating Innovating TIME You have to walk before you run Adapted from Collaboration Continuum from ACT for Youth Adapted from Collaboration Continuum from ACT for Youth

  25. The Network Leader

  26. Seven Levels of Network Weaving • Introducing A and B in person and offering a collaboration opportunity to get A and B started in a successful partnership • Introducing A and B in person and then contacting A and B afterward to nurture the connection • Introducing A and B in person • Hosting a conference call introduction of A and B • Sending an email introduction of A and B • Suggesting to A that A should talk with B and then contacting B to let B know to expect a call from A • Suggesting to A that A should talk to B

  27. Summary • Networks can help accomplish complex work. • Specific networks help support economic development: • Entrepreneurship • Industry & Occupational • Civic • Specific roles and skills create and grow networks.

  28. Final Reflections Takeaways from this module? • What did you find most helpful? • What did you find confusing? • What do you hope to implement? • Other items?

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