John Hagel on global process networks and localized modularization

Thu, 2005-09-15 11:07.
Companies that persist in viewing offshoring too narrowly will almost surely destroy significant economic value. The real winners will be those companies with a new perspective. They'll see that global success requires them to reassess the fundamentals of their business strategies and master a new set of management mechanisms that includes dynamic specialization, process-network orchestration, and productive friction. In this way, global success can not only be achieved, but also sustained.

 
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"Individuals are the engine that makes a healthy local economy grow."

Thu, 2005-09-15 00:09.
Quotings from "A Global Look to the Local" by Colin Hines:
A Focus on the Individual and Taking Control of the Economy

‘Individuals are the engine that makes a healthy local economy grow. It is individuals, working independently and collectively, that form the fabric of community life. It is the skills, abilities, and experience of these individuals that can be mobilized to develop a vibrant local economy.’
Historically, significant community development tends mostly to take place when people in a local community are committed to investing their time, skills and resources in the effort. In the US, John Kretzman and John McKnight summarised successful community-building initiatives in hundreds of neighbourhoods across America.
They found that a key was to ‘map’ their local human, institutional and resource assets and to combine and mobilise these strengths to build stronger, more self-reliant communities and hence local economies. This consists of drawing on individual’s skills, the local associations where people assemble to solve problems or share common interests, and the more formal institutions that are located in the community. These include private businesses and public institutions such as schools, libraries, hospitals and social service agencies.
This drawing on local capacity is the start of a process which reinvigorates local economic and physical assets. Local government officials have been most useful when their role has been to support local problem solvers and strengthen and connect other local assets. The most helpful approach has been one where local government representatives have asked how they can assist local citizens in their development efforts. (The more usual approach has been to ask how local citizens can participate in the government’s efforts.) At a national government level a primary role is to ensure that a substantial part of government expenditures provides direct economic benefits in terms of local jobs, contracts and purchases .

 
A Global Look to the Local - pdf