Government Training. Investment Training.
|Training Methods:||Action Learning Seminar and Workshop|
|Course Venue:||USA West: Las Vegas, NV. Los Angeles, CA. San Francisco, CA. Seattle, WA.
USA East: Chicago, IL. Houston, TX. New York, NYC, NY. Washington, DC. Miami, FL.
|Course Duration:||1 to 2 weeks (1 week seminar + 1 week project)|
|Course Times:||9:30 AM - 3:30 PM|
|Course Dates:||Management Training Courses Calendar|
|Group Discounts:||10% for 2 delegates. 15% for 3 or more delegates. Government and non-profit delegates receive up to 20% discount for 4 or more delegates. Valid only for Las Vegas venue.|
Available on client site for a group of 5 or more delegates.
For customization of training topics, duration, or one-to-one coaching, please contact us.
|Course Advantage:||Client Testimonials. Training Excellence. CEO Club|
Economic development boards, political leaders, government agencies, municipal, city and state governments, chambers of commerce, civic, community and political leaders, financial institutions, workforce planning and development agencies
Note: This training course is designed for government professionals. We do not accept students seeking initial employment, postsecondary education, or initial licensing programs
Provide an understanding of the strategic planning framework of economic development
Offer experiential analysis of the challenges of economic development leadership in competing in a global market place
Examine how firms, industries and countries compete
Understand the resources, capabilities, and core competences that make an economy successful in developing and sustaining a competitive advantage
Focus on the frameworks, decision-making models, and tools needed to formulate and implement successful economic development strategies
Create work-based projects to develop strategic initiatives based on the delegate's unique set of issues, resources and business environment
Plan, implement and monitor strategy execution using performance measurement systems
Identify the challenges of designing and implementing strategic change
Share strategy insights from the world's most successful economies
Learn proprietary best practices in policy making and measurement such as as Gross National Happiness (GNH), Gross National Wellbeing (GNW), and Gross National Development (GND)
Develop the core business strategy management skills and competencies. The core competencies include business strategy planning, control, problem-solving, and communication
Analyze national economic and business environment using SWOT and PEST Models
Understand economic and business competitive advantages
Define economic vision, mission, goals and objectives
Discuss demand-side economic strategies and supply-side economic strategies
Identify economic development initiatives, programs and projects
Implement economic development strategy, build consensus and manage change
Establish economic development indicators and benchmarking
Experiential action learning
25%-50% theory and 50-75% experiential project work
The development of management skills is based on KASAC executive education and management training model
Top Strategic Economic Development Questions. Gross National Development (GND). CEO's Strategic Challenges. Strategic Planning. Strategy Best Practices and Pitfalls. Economic Development Strategy Toolkit. Gross National Happiness (GNH). Gross National Well-being (GNW). Strategy Formulation. Strategy Implementation and Strategy Evaluation Framework.
Critical analysis of the applications and limitations of popular strategic management practices, models and frameworks, including: Harvard Balanced Scorecard (Kaplan & Norton) for Government Agencies. Strategic Stretch vs. Strategic Fit. Boston Consulting Group (BCG) Matrix. Portfolio Analysis (Cash Cows, Dogs, Question Marks, Stars) & (Divest, Invest, Build and Harvest). Cost/Benefit Analysis (CBA). Industry Profit Pool Analysis. Industry Value Chain Analysis (VCA). Strength, Weakness, Opportunities and Threats (SWOT) Analysis. Competitive Benchmarking. Industry Life Cycle (ILC). Core Competencies. Critical Success Factors (CSF). Game Theory. Nash Equilibrium. Scenario Planning. Key Performance Indicators (KPI). Sustainable Competitive Advantage. Risk Management. Trends Probability and Impact. Organization Design. Change Management. Natural Law. Gap Analysis. Business and Economic Growth Drivers. Environment Scanning. Political, Economic, Social and Technology (PEST) Analysis. Economic and Industry Attractiveness. Industry Structure. Introduction Strategies. Growth Strategies. Maturity Strategies. Decline Strategies. Exit Strategies. Industry Rivalry. Entry Threats. Supplier Power. Buyer Power. Threat of Substitutes. Competitive Intelligence. Strategic Group Matrix. Economic Competitive Positions. Sources of Competitive Information. Competitor Economy Profiling. Economic Development Strategic Planning Framework. Daveni's Hyper-competition. Co-opetition. McKinsey's 7-S Strategy Framework. Decision Trees. Growth Vector Analysis (GVA). Experience Curve Strategy. McKinsey G.E. Business Screen. Governance. Strategic Alignment. Hierarchy of Objectives. Performance Control System (PCS). Stakeholder Analysis. Economic Power and Politics. Organization & System Design. Business Model. Pareto 80/20. Sustainable Competitive Advantage. 3C's Model Strategic Triangle (Ohmae). 7 Ps (Booms Bitner). ADL Strategic Condition Matrix (Arthur D. Little). Product-Market Grid (Ansoff). Innovation as Blue Ocean Strategy (Kim & Maubourgne). Core Competence (Hamel, Prahalad), Marketing Mix 4P's. Strategic Stakeholder Management
Training Course Customization Subjects (Optional)
Infrastructure and superstructure for economic development
The global economy and international business.The development of the global economy. The globalization driving forces and consequences of growing interdependency among nations
Changing patterns of trade and migration of capital and labor
Economic crisis management and recovery planning: A special case study in the global financial economic crisis of 2008
Assessing the role of finance in economic development: Policies and programs to promote innovation and global competitiveness
Understanding the role of Innovation in economic development: Policies and programs to promote innovation and global competitiveness
Case studies in economic development best practices: USA, Europe and Dubai economic development strategies
Alternative economic development models: Gross National Happiness / Well-being (GNW / GNH) and GNW / GNH Index
Formulating and implementing a comprehensive and integrated set of decisions that achieves economic development goals
Developing an economic development vision, building consensus and managing various stakeholders with different values and interests
Conducting economic and industry competitive analysis to identify the sources of economic and business competitive advantage
Courseware Content (Customized)
The Strategic Planning for Economic Development courseware includes the following:
Participant's training guide
Subject matter books
Executive summary of the subject matter:
Summary of essential concepts and business strategy best practices
Examples and case studies
Economic development toolkit (management frameworks, decision-models, and checklists)
Experiential work-based assessment project
Online resources for the completion of the experiential assessment project
Courses By Industry - Optional Customization (For Group Training):
The management training and case studies can be customized to each industry, including: government and public sector management, banking, insurance and financial services management, investment and asset management, energy, utilities, oil and gas management, trade and retail management, education management, pharmaceutical, healthcare, hospital management, construction management, real estate management, agriculture and fishery management, food and restaurant management, telecommunication and information technology management, transportation, freight and logistics management, aerospace, automotive, airlines management, hospitality management, tourism, travel and leisure management, media management, and manufacturing management.
Performance Evaluation (Optional)
Performance can be evaluated on the basis of individual or team project deliverables
There are no Q&A exams or tests. Candidates can choose to complete customized experiential work-based projects such as developing a relevant analysis document, management strategy, action plan or a senior management presentation
The course advisor will review the deliverables and provide improvement feedback. The evaluation is a form of management consulting and experiential coaching for performance improvement
Training Course Registration
||Training Course Registration|
Last Updated: February 17, 2020.
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