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Competitiveness & Economic DevelopmentCED
  • Competitiveness & Economic Development
  • Frameworks & Key Concepts
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Frameworks & Key Concepts
  • Frameworks & Key Concepts
  • Drivers of Competitiveness
  • The Diamond Model
  • Clusters
  • Stages of Development
  • Levels of Government
  • Economic Strategy
→Economic Strategy
Competitiveness & Econom... → Frameworks & Key Concepts →
Economic Strategy
×Frameworks & Key Concepts
  • Drivers of Competitiveness
  • The Diamond Model
  • Clusters
  • Stages of Development
  • Levels of Government
  • Economic Strategy

Economic Strategy

Nations, regions, states, and cities all require clear economic strategies that engage all stakeholders, boost innovation and ultimately improve productivity. A collaborative strategy—which is especially critical in times of austerity or economic distress—requires setting priorities and moving beyond long lists of discrete recommendations.

Creating an Economic Strategy: The Value Proposition

The value proposition defines the distinctive competitive position of the area given its assets, location and potential strengths.

  • What elements of the business environment can be distinctive strengths relative to peers?
  • What strong or emerging clusters can be built upon?
 

How Should States Compete with Each Other?

 
 
 

Related Resources

  • 04 May 2012
  • BusinessWeek

“Why America Needs an Economic Strategy”

by Michael E. Porter
 
  • 27 Oct 2009
  • White Paper

“Clusters and Economic Policy: Aligning Public Policy with the New Economics of Competition”

by Michael E. Porter
 
  • 26 Feb 2011
  • National Governors Association Winter Meeting

State Competitiveness: Creating an Economic Strategy in a Time of Austerity

by Michael E. Porter
 

View All Related Resources

See also the HBS U.S. Competitiveness Project

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