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Introduction to Network Capitalism and Open Source Economic
Development: 10 Key Points
Ed MorrisonI-Open
Fairfield, IANovember, 2006
Innovation in our grandfather’s economy: Move a lot of stuff
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Innovation in our grandfather’s economy
Our metrics of success
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
What happened to our grandfather’s economy?
Costs collapsed
The Internet exploded
The Second Curve economy is emerging
On the Second Curve, open networks and innovation drive
the bus
Connect First Curve assets to Second Curve opportunities
We need to “connect and develop” “link and leverage”
Key Point 1:
We need to shift our thinking from
hierarchies to networks
There’s no top...no bottom...only links and
nodes
Key Point 2:
Command and control does not work in the civic
space
We cannot yell our way to prosperity
The economic development “ecosystem” in Charleston, SC
Key Point 3:
We need to connect and
align our resources in the
civic space
Source: Ed Morrison
The economic development “ecosystem” in Charleston, SC
Key Point 4:
We need continuous civic engagement...
New leadership habits of
collaboration Source: Ed Morrison, Laz Kozmon
Key Point 5:
People move in the direction of
their conversations
Key Point 6: We need open participation and leadership direction to guide our
conversations
Key Point 7: We need to develop the practice of
“strategic doing”
Source: Ed Morrison
Key Point 8: Most regions are fragmented...
People are still living in a Curve 1 world
Key Point 9:
We can use network maps, new leadership
skills and “strategic doing” to strengthen our
networksSource: Map of leadership network in Evansville, IN using
software developed by Valdis Krebs and June Holley
Key Point 10: To build regional collaboration, take the
Shanghai perspective
Our View Their View
