Tuesday, March 18, 2014

Community Economic Development Tools


What is community economic development? Many people ask the question, but few receive a clear answer. Some receive confusing answers while others do not wait for an answer. Still others, simply write it off as "left wing" or "socialist" or "communist."

Really, in simple terms, community economic development (CED) is economic development +. It is economic development, but not just that. It is much more than that. CED encompasses all aspects of a community, just as in reality, our lives do as well.

That being said, I find it somewhat disheartening when people talk about CED in terms of "business development" and "entrepreneurship" only. I believe that this narrows and limits our thinking and opportunities for innovation. This narrow focus also takes away from more collective solutions and encourages a strong focus on self rather than broader community.

There are many examples of communities that have been largely bankrupted by the classical approach to economic development. I won’t list them here, but you can do a search on the Internet for communities who have had their economies devastated by the presence of Walmart (or other large corporations), or by the closing of mining operations, saw mills, or the recent collapse of the manufacturing economy in Canada.

In each of these cases, the focus was placed on attracting large employers (corporations) to ride into the community as a hero and offer jobs and ‘economic development’. Usually this was accomplished through incentives. In every case, the communities became dependent upon these big businesses and failed to develop their own capacity for economic development within the community.

There are many communities and thinkers now realizing this and investing in research and projects that aim to develop the concepts of economic development +. You can find some of this research at www.communityeconomies.org. In fact, there are many other websites with this research occurring as well.

However, I want to focus on the fact that many communities and people interested in CED often miss out on some valuable resources available to them. I will list a few of them here:
  • Government of Manitoba free CED Capacity Assessment tool: http://www.gov.mb.ca/ana/interest/ced.html
  • Free online community Database (Canada): http://www.cid-bdc.ca/welcome-bienvenue
  • The HR Council has many resources to help non-profits develop or improve their HR situation (or at least, get pointed in the right direction): http://hrcouncil.ca/home.cfm 
  • Additionally, I am working with partners in the delivery of HR reviews and assessments with a tool that I built with input from many long standing HR professionals: HR Capacity Assessment. Beyond that, I also offer consulting support in the area of planning and strategies. My first suggestion, though, is to start with some of the free resources above first as these will help you define exactly what you would like from a consultant (me or otherwise).
There are many other resources, I am sure, but these are just a few to get you started. It also helps to know that resources do exist.

Ken

Monday, March 17, 2014

Welcome

As this is my first post in what I hope to be a regular instalment of blog posts for my company, I wish to welcome you and give you an insight into the kinds of topics that I will be covering with this blog.

Business Philosophy

For starters, I would like to share what my business philosophy is. I believe that the greatest of businesses operate from some of the universal values in their business pursuits. For example, some of these values include:

  • HONESTY - At Swift Wind Knowledge Group, we believe in operating on a level of honesty with our clients, partners and each other.
  • INTEGRITY - Swift Wind operates on a level of integrity whereby we seek to find solutions for clients in a way that best meets their needs for the best value possible. This also means that we pursue the highest of standards and quality in our service and products.
  • RESPECT - our services and products do not only meet needs and generate revenues; they do so in such a way as to positively advance society and create meaningful contributions to the world.
Universal values, like the ones above, are values that are important to all personality types, organizations, and businesses. It is by pursuing these levels of values that we find the greatest innovations and solutions.

Future Topics

  1. Business seasons/personalities and values alignment
  2. Human Resources and its connection to the "Bottom Line"
  3. Service Value Chain and Profit Value Chain
  4. Maximum customer/client service
  5. Economic Development and capacity assessments
  6. Leadership and Management: Trends and shifts
These are just a few things that I would like to explore in the coming months. Stay tuned and as always, feel free to offer me feedback.

Thanks,
Ken Sanderson
Principal consultant, Swift Wind Knowledge Group