Understanding LED: What? Why? How? Who with what?
What resources are required & where do they come from?
What are the main roles in LED?
What work must be done and in what sequence?
What type of interventions achieve best results efficiently?
What are the key determinants of competitive advantage?
What is a local economy and where are the opportunities?
What outcome are we trying to achieve with LED?
What impact does LED aim to have on citizens?
Who needs to do what in an effective LED system?
What is expected of the leaders of the local economy?
What is expected of LED facilitators?
What is expected of stakeholders contributing to LED?
What is expected of champions driving LED initiatives?

 4 Layers of LED Systems

The competitive economic context requires rapid and effective learning and decision-making processes to gain maximum competitive advantage.  To achieve this and to avoid pitfalls (examples), LED requires the right stakeholders to work together in the right pattern of roles, based on their specific capabilities and interests. To maximise impact, LED activities/work need to be organised at four hierarchical levels (see diagram and table below):

 

 

 

Know-how & Resources

Organisation of Capacity

Activities / Functions

Output

1

… for Govern LED

Leaders of Economy

Govern LED

Facilitation team, LED Approach & Resources

2

… for Facilitates LED

Facilitation team

Facilitates LED

Stakeholders organised, Participative thinking

3

… for Participative Thinking

Stakeholders organised into LED sub-systems

Participative thinking

LED Initiatives defined,  Initiative champions

4

… for Execute LED Initiatives

Initiative champions

Execute LED Initiatives

LED Initiatives

 

 


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