Professional Documents
Culture Documents
Innovative businesses
Open Source Economic
Development
Views regional economies as
networks embedded in other
networks
Brainpower Innovation
Generates strategic roadmaps to
Dynamic clusters
build “clusters”
Creative People
Purposeful
Dialogue Created returns of over $200
invested for every $1 invested in
Oklahoma City’s economic
development strategy
Quality Places Branding
Attractive places
education services
Performance
Strategy 2005-2006 Objectives Key success factors
indicators
Research.-- Create and grow a Research statistics (e.g. number 1. Build national research Number of and quality of
portfolio of actionable of hypotheses defined and network researchers committed to
hypotheses about open tested, dollars of extramural 2. Define research agenda participating in REI research
innovation systems in regional research) network
economies
Networks.-- Develop Network statistics (e.g. number 1. Expand Universities Number of networks supported
collaborative networks that of networks, average number of Collaborative network by REI infrastructure
accelerate regional economic people per network, 2. Support REI emerging NEO
development communications volume, percent networks (i.e., health care, bio-
of networks achieving their fuels, tele-working, sustainability,
mission, etc.) creative media)
3. Define Great Lakes network
targets
Products.-- Create and market Product commercialization 1. Formalize product Growth of product customer
a portfolio of products and statistics (e.g. percent of revenue development process base, conversion rate of REI
services that generate revenues from new products, cash flow 2. Develop prototype templates customer community from free
from regional economic break-even time, number users for basic OSED toolset to paid
development initiatives added per unit time, etc.) 3. Develop IT support network
(e.g., e-commerce and web-
casting)
Education.-- Penetrate Education statistics (e.g. size of 1. Expand REI.Tuesday franchise Growth of education customer
business and public policy schools opt-in e-mail lists, number of 2. Relaunch REI Review base (opt-in e-mail lists),
with advanced regional economic students, revenue per student, 3. Test market Innovate e-zine conversion rate of REI customer
development curriculum and public relations measures on community from free to paid
4. Test market civic leadership
activities exposure) courses
Center for Regional Economic Issues
Manage data
Key Activities
Identify
Morrison 3Q 2005
Network
Morrison,
Define Agenda 4Q 2005
Fogarty
Center for Regional Economic Issues
REI incubates
clusters and defines
strategy maps
KEY OPERATING CAPABILITIES
REI MUST BUILD
Launch
Tuesdays REI.Tuesday Webcasts
Key Activities
CSU Universities NOCHE
Agreement Collaborative expansion
Design products
Identify markets
Key Activities
Identify e-commerce
Test Kozmon On-going
webcasts providers
Identify e-commerce
providers
Test market webcasts Morrison 3Q 2005
Define product
development process
REI education
strategy is designed
to build clusters and
drive innovation
REI’s Message:
Our region will be transformed by open KEY OPERATING CAPABILITIES
networks of collaboration with colleges and REI MUST BUILD
universities in the middle of these networks
Develop Internet-based
communities of practice
Key Activities
Text
Center for Regional Economic Issues To achieve scale and execute its strategies,
REI must develop operational capabilities
Center for Regional Economic Issues
0
2000-2001 2001-2002 2002-2003 2003-2004 2004-2005
Center for Regional Economic Issues
REI has developed a strong reputation
for delivering practical results
Bruce Latimer, Ph.D. Ed and his staff have been tireless in their efforts to reach out and communicate with the
Executive Director surrounding community. I cannot applaud these important efforts enough. Their success
Cleveland Museum of Natural History in doing this is demonstrated in the energetic collaborations between individuals and
institutions where none existed before.
Richard Medvik You are doing a great job, and I am proud to be part of it. I am copying this note to Art
Standards and Regulatory Compliance Anton, the President and CEO, of Swagelok Company, where I have worked for 38
Engineer years. Art, like me, is a Case grad who is very interested in serving the city of Cleveland
Swagelok Company and North East Ohio. I’m sure he will be very impressed with your accomplishments as
he learns more about them.
Paul Sears REI plays a very important “honest broker” function of bringing resources, and people,
Dean, College of Business together around important and exciting ideas. In this regard, you are unique in the
Ashland University scope of your interests, and competence, you bring to the table.
Sam Cordes REI has a very impressive vision, products and services. We are delighted to have such
Co-Director, Center for Regional a close working relationship with Ed and REI.
Development
Purdue University
Paul Oyaski “Regionalism” and “economic development” have never been greater topics of
Director of Economic Development conversation or higher public policy priorities than today in Greater Cleveland. REI has
Cuyahoga County Commission brought substance and form and focus to this imperative community-wide dialog.
Center for Regional Economic Issues
Business plan work in progress