LED Activities / Functions / Processes To maximise impact, predictable type of LED activities (or value adding functions) need to be done by different people, in their own differing local economic contexts. Four main functions can be broken down into more detailed functions that have predictable sequences and inter-dependencies which are best explained with process models. These process models below depict one good way of doing LED, not the only way. The corresponding menu options on the left, describe these functions in context of output, accountability, and resourcing required by these functions. Function 1: Govern LED Leaders representing key stakeholders in the local economy need to ensure that LED is working well in the municipality. Function 2: Facilitate LED The primary role of the LED unit is to facilitate LED to ensure that all the role players work together systematically, effectively and efficiently to identify the best ways to improve the local economy (strategy) and organise that this is followed through to execution. Function 3: Stakeholders participate to make rapid and effective LED decisions (Participative Thinking) Stakeholders including lead firms, SMEs, private investors, development organisations, public sector investors that can/do contribute to the local economy need to be drawn into the LED process to add value more effectively. Function 4: Stakeholders actively shape locational & competitive advantages (Execute LED initiatives) The initiatives which collectively form the strategic action agenda, could consist of projects of various sizes to improve aspects of systemic competitiveness of the local economy. This is not the work of the LED unit itself but of carefully selected champions best able to implement initiatives prioritised. Integration of these four functions/processes is illustrated by dashed lines in the diagram below.

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