Everything in Its Place

Abstract

The book explains what is meant by the term “Strategic Management of Place” and why it is important, and provides a motivation for this theme. In particular, while there is considerable interest and concern in the economic performance of a place, whether it is a town, city, region, or state, there is no field providing an intellectual framework for decision-making in a manner analogous to the field of strategic management for firms and organizations. This book posits a systematic and strategic framework to stimulate and guide practitioners, public policy leaders, and other individuals with a mandate to engage in the strategic management of their place in framing and implementing strategies designed to enhance the economic performance of their place. It is emphasized that this includes not just public officials, such as state and city economic development agencies, but also a much broader spectrum of practitioners, such as chambers of commerce, consulting firms, local activists, city leaders, and concerned citizens, as well as businesses with any kind of link or vested interest to a particular place. A particular focus is on how a strategy of entrepreneurship and innovation can be developed to enhance the competitiveness of a particular place.

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