|
Know-How
and Resources The
four layers of LED require different but overlapping know-how and resources, specific
for the task/function.
The Public
and Private sector leaders of the economy as represented
by the LED Board / steering committee require the following
to execute Function 1: Govern
LED:
•
Power to lead change •
Insight into the global economy, local economy, determinants of success,
politics and human behaviour, •
Leadership and basic LED Know-how and experience •
Credibility with LED stakeholders, networks, social capital Function 2: Facilitate LED, the
catalyst for setting the LED agenda and leverage of capacities and resources,
requires a few, very competent facilitators and a relatively small budget including: •
Insight into the global economy, local economy, determinants of success,
politics and human behaviour, •
LED facilitation skills and advanced LED Know-how and experience •
Credibility with LED stakeholders, networks, social capital •
Operational resources ; Staffing, facilities, facilitation expenses,
consultants, events, logistics and so forth •
Accurate,
complete, reliable and up to date information needs to be easily accessible to
underpin LED decision making. Reliable information (on the economy, but also the other seven segments
of the conceptual framework) & •
Seed funds to get initiatives well enough defined to secure investment. By “steering” the agenda of existing
organisations by Function
3: Stakeholders participate
to make rapid and effective LED decisions (Participative Thinking) , the expertise, organisational capacities and
power also becomes available to serve LED. For example, the massive existing infrastructure
budgets of municipalities, provinces and public sector agencies need to be informed
by economic priorities. Once this happens, these massive budgets can be directed
to actively support LED. These stakeholders
require resources relevant to their own specific focus and mandate: •
Power to shape determinants of competitiveness •
Credibility, Relationships, networks, social capital •
Access to finance and resources and •
Basic LED Insight, Know-how & Skills The bulk of the LED resources are required
for Function 4: Stakeholders actively shape locational & competitive advantages
(Execute LED initiatives) but
these resources are mainly leveraged from other organisation budgets. The merit
of a proposed initiative enables it to secure the investment from the other public
or private sources. Initiative relevant know-how and resources include: •
Finance, Material •
Know-how, Skills & Experience
•
Tools, Equipment & Facilities | 
