Posts tagged with "Post-Pandemic"

By Mina Tocalini for 360 MAGAZINE

POST-PANDEMIC BUSINESS DEVELOPMENT

Rethinking Business Development for the Post-Pandemic Age

With America’s post-pandemic geography shifting, local governments must partner with entrepreneurs to stay competitive.

America’s rapidly shifting post-pandemic geography poised to make winners and losers of various superstar and mid-sized towns, the business development approaches of local leaders are stuck in the past. State and local governments spend $61 billion annually to foster economic development, but more than three-quarters of this money is spent on subsidies for large corporations that rarely deliver significant growth. A new Manhattan Institute report from Ian Hathaway and Rhett Morris, senior fellows at the Center for American Entrepreneurship, suggests that economic development would increase significantly if local decision makers would prioritize partnerships with entrepreneurs. The report, part of the Manhattan Institute’s urban policy series, offers four steps to achieving what they call entrepreneur-led economic development. Those steps include:

  • Identifying the successful entrepreneurial businesses in the region, the local strengths they represent, and the key leaders behind their growth.
  • Building networks around successful local entrepreneurs to connect them with founders of upcoming businesses with the potential to grow.
  • Partnering with entrepreneurial leaders to address the real needs of growing local businesses and their entrepreneurs.
  • Collecting data on growing entrepreneurial businesses to track results and share findings with the community.

Entrepreneurial success depends on local networks. No single type of organization has all the data necessary for identifying every growing entrepreneurial business in a city, but if policymakers, funders, and service providers work together to generate local growth and productivity, their collective resources can complement existing economic development programs and enhance some of the most valuable economic assets already growing in their communities.

Chaos Ignites Agility Illustration by Heather Skovlund for 360 Magazine

Chaos Ignites Agility

2020 exposed the collapse of standardization. We are rapidly moving away from an era defined by outdated standards that held people to conformity and limited their creativity—to today’s new era of personalization that honors one’s individual contributions and embraces fresh ideas and ideals,” said Glenn Llopis, president of GLLG, a leadership and business strategy consulting firm that authored a new report available today: CHAOS IGNITES AGILITY (download full report).

CHAOS IGNITES AGILITY captures the most intimate and disruptive insights from 46 executives across healthcare, corporate, and education. These leaders came together virtually for three days last October to share how they are working to restore individual dignity in how they serve patients, customers, employees, and students to thrive in a post-pandemic reality.

Themes emerged across the sectors, as doctors, professors, executives, deans, and presidents got real about how they have been adapting throughout the challenges and unpredictability of 2020. They collectively zeroed in on these major challenges and opportunities:

  • How to put patients, employees, and students at the center – to activate individual capacity.
  • How to lead through industry transformation when there’s so much uncertainty.
  • How to pursue and employ inclusion as a growth strategy going forward.

This riveting video tells the story.

Organizations represented in CHAOS IGNITES AGILITY include:

Healthcare:

  • CVS Health, Mount Sinai Health System, Anthem, Cancer Treatment Centers of America, Woman’s Hospital, Lenovo Health, Keck Medicine of USC, City of Hope Cancer Medical Center, and American Association of Critical-Care Nurses

Corporate:

  • Starbucks, Microsoft, Twitter, ViacomCBS, Mitsubishi Motors North America, Cost Plus World Market, Chico’s FAS, Inc., RBC Capital Markets, Farmers Insurance, H&R Block, Lyft, and Banfield Pet Hospital

Higher Education:

  • Clemson University, College of Business, Google, USC Marshall School of Business, Drake University, The Eagle Academy Foundation, Fairfield University, Lynchburg, College of Business, University of Washington, Bothell, University of South Florida, College of Business, California State University, Stanislaus, and Metropolitan Community College

Learn more at Age of Personalization.