1. Introduction to Network Capitalism and Open Source Economic Development: 10 Key Points Ed Morrison I-Open Fairfield, IA November, 2006

2. Innovation in our grandfather’s economy: Move a lot of stuff

3. Innovation in our grandfather’s economy

4. Our metrics of success

5. The problem is that nothing stands still... Steel declined, and the region’s leadership failed to see the transition The consequence has been a decline in population and relative incomes

6. What happened to our grandfather’s economy?

7. Costs collapsed

8. The Internet exploded

9. The Second Curve economy is emerging

10. On the Second Curve, open networks and innovation drive the bus

11. Connect First Curve assets to Second Curve opportunities

12. We need to “connect and develop” “link and leverage”

14. Innovation zones are a “link and leverage” strategy An anchor partnership with a college or university One or more “hot spots” with connected, physical development: Smart places for smart people A business development network to accelerate business development Career pathways that drive brainpower into business Linked and leveraged branding strategies Collaborative governance

15. Key Point 1: We need to shift our thinking from hierarchies to networks There’s no top...no bottom...only links and nodes

16. Key Point 2: Command and control does not work in the civic space We cannot yell our way to prosperity

17. The economic development “ecosystem” in Charleston, SC

18. Key Point 3: We need to connect and align our resources in the civic space Source: Ed Morrison

19. The economic development “ecosystem” in Charleston, SC

20. Key Point 4: We need continuous civic engagement... New leadership habits of collaboration Source: Ed Morrison, Laz Kozmon

21. Key Point 5: People move in the direction of their conversations

22. Key Point 6: We need open participation and leadership direction to guide our conversations

23. Key Point 7: We need to develop the practice of “strategic doing” Source: Ed Morrison

26. Key Point 8: Most regions are fragmented... People are still living in a Curve 1 world

27. Key Point 9: We can use network maps, new leadership skills and “strategic doing” to strengthen our networks Source: Map of leadership network in Evansville, IN using software developed by Valdis Krebs and June Holley

28. Key Point 10: To build regional collaboration, take the Shanghai perspective Our ViewTheir View