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Published byEleanore Harrell Modified over 6 years ago
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Is Your Community Ready For “THE REAL AMERICAN DREAM”?
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IS IT FREEDOM?
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OWNING A HOME?
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INDIVIDUALISM?
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UPWARD MOBILITY?
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OR IS IT DEAD? Image used with permission of Lee Hernly from Red Brick Town who bought the rights from Getty
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Ed Burghard eburghard@me.com www.StrengtheningBrandAmerica.com
BA – State University of New Potsdam in Mathematics MBA – Syracuse University in Innovation Management and Marketing Retired P&G Marketing Director with 33 years of successful brand building experience resulting in lifetime appointment as a Harley Procter Marketer Retired Executive Director, Ohio Business Development Coalition – Started the 501 c(3) at the Governor’s request in and then Ohio won the Site Selection Magazine Governor’s Cup in 2006, 2007, 2008, 2009 and 2011. CEO and Manager, The Burghard Group LLC – Creator of the Strengthening Brand America Project Retired Member of the Association of Ohio Commodores Founding Board Member, Nemacolin Energy Institute Nonresident Fellow, Maxine Goodman Levin College of Urban Affairs, Cleveland State University Lecturer, Shawnee State University
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Created By: Xavier University
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American Dream Composite Index™
Research Overview Statistically validated questionnaire 139 questions Rolled up into 35 dimensions >=1,000 respondents per month Annual data is the aggregate of 12 months
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American Dream Composite Index™
Summary Index Measured Dimensions Economic Financial Security Material Prosperity Access to Education Destinations in Life Job Benefits Health Care Freedom of Choice Generational Progress Home Ownership Job Environment Well-Being Family Support Support of Friends Happiness Freedom of Expression Fruits of My Labor Entrepreneurial Spirit Leisure Activities Social Status Personal Health Satisfaction with Residence Optimism Societal Trust in Government Trust in Business Just Society Trust in People Education Quality Safety in Travel Safety in Community Civic Participation Diversity Melting Pot – Neighborhood Melting Pot – Personal Differences Melting Pot – Diversity Political Freedom Environmental Pollution – air, food, water, land
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American Dream Composite Index™
James Truslow Adams: “Life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement” Ever improving Quality of Life
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2014 National Performance American’s Report That Only 64.61%
RATING ADCI 64.61 Economic 63.58 Wellbeing 69.50 Societal 53.06 Diversity 74.39 Environmental 69.66 American’s Report That Only 64.61% Of Their American Dream Is Being Achieved. 35.39% Is Left On The Table To Be Achieved.
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Correlation coefficient = 0.178
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2014 Gender Comparison Men and Women Feel The Same About The
MALE VS FEMALE ADCI 101 Economic 106 Wellbeing 98 Societal 102 Diversity 97 Environmental 99 Men and Women Feel The Same About The Degree Of Achieving Their American Dream, With The Exception Of Achieving Their Economic Dream.
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2014 Generation Comparison
18-24 25-34 35-44 45-54 55-64 65+ ADCI 98 97 101 106 Economic 93 95 96 92 102 112 Wellbeing 99 Societal 105 103 Diversity 100 Environmental 88 85 94 110 Younger Generations Are More Dissatisfied With The Degree To Which They Are Achieving Their Economic And Environmental Dreams.
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2014 American Dream States RANK STATE 1 Delaware 2 Vermont 3
New Mexico 4 South Carolina 5 Alaska The ADCI Score In These States Indexed 105 or Greater Versus National Average
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2014 Virginia Performance Virginian’s Report That Only 65%
INDEX VS NATION ADCI 101 Economic 104 Wellbeing 99 Societal Diversity Environmental 100 Virginian’s Report That Only 65% Of Their American Dream Is Being Achieved
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2014 Virginia Performance Areas Of Opportunity Areas Of Strength
Dimension Index Vs Nation Entrepreneurship 96 Trust in Government Personal Health 97 Trust in Business Leisure Dimension Index Vs Nation Financial security 108 Job Benefits 107 Home Ownership 106 Generational Progress Health Care 105
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2014 Richmond MSA Performance
INDEX VS NATION INDEX VS VIRGINIA ADCI 104 Economic 105 109 Wellbeing 103 Societal 98 99 Diversity 106 Environmental 97 Richmond MSA is Outperforming Virginia And The Nation
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2014 Richmond MSA Performance
Areas Of Opportunity Areas Of Strength Dimension Index Vs Virginia Trust in Government 89 Safety in Community 92 Dimension Index Vs Virginia Job Benefits 117 Civic Participation 116 Support of Someone Special 111 Health Care 109 Support of Friends 108 Fruits of My Labor MP-Neighborhood 107 MP-Personal Differences Home Ownership Financial Security 106 Family Support Political Freedom 105
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WHY DOES IT MATTER?
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WHAT CEO’S SAY ATTRACTION: Executives will use the ADCI score to differentiate between locations that are finalists in the site selection decision process (63.9% likely to highly likely). COMPETITIVE EDGE: Executives believe there is a real business benefit to employees feeling they are achieving the American Dream (89.2% indicated there is). RETENTION: Executives will be reluctant to relocate their business to a location with a lower ADCI score even if incentives were offered (31.3% unlikely to highly unlikely). Results from a 2013 survey among business executives.
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CEO of PEPSICO “Today’s marketplace is incredibly competitive in every industry around the globe. The difference between success and failure is talent, period.”
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YOU CAN PRETEND IT DIDN’T BUT THE GAME HAS CHANGED
More than half of projected job openings will come from the need to replace workers who retire or otherwise permanently leave an occupation (source 2012 Bureau of Labor Statistics). For the first time in American history, the number of younger workers entering the labor market will not replace those who are leaving (source NC Office of State Personnel Presentation).
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MOVING TO ACTION Economic Well-Being Societal Diversity Environment
1. Define +/- Points of Difference 2. Decide Which To Work On (Prioritize) 3. Identify Sentiment Drivers 4. Benchmark Best-In-Class Performers 5. Develop Strategies and Supporting Tactics 6. Execute With Excellence Environment Diversity Societal Well-Being Economic
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It Is Time For Us To Focus On The Right Goal
It’s NOT About Jobs. It’s About Enabling Residents To Better Achieve The American Dream.
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Make Virginia A Place To Achieve The American Dream
ECONOMIC WELL-BEING ENVIRONMENT SOCIETAL DIVERSITY And You Will Attract Both Top Talent And Top Companies
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