Pharos-Tribune

Columns

October 29, 2013

MARCUS: Strategic planning for economic development

‘Tis the season for stra-tegic planning. Organi-zations public and private, for-profit and not-for-profit, feel the need to know where they are going in the next year. If they haven’t made a new strategic plan (or cannot find the one they made last year), there is the anxiety of traveling without a map.

In today’s world, some argue, the strategic plan is as unnecessary as the paper road map. This view holds that strategic plans are the route to stagnation. Organizations need to be flexible, opportunistic and unfettered by yesterday’s thinking.

Nonetheless, strategic plans are still popular, particularly when there is a change of board members or senior staff. Here is the basic outline of the contemporary strategic plan for a not-for-profit economic development agency.

Mission statement: The Grover’s Mill Economic Development Council (GM-EDC) provides support for the growth of new and existing businesses.

Vision: Grover’s Mill is a town where new opportunities and higher wages are sought to improve the lives our citizens.

Objectives:

1. Enable existing businesses to grow and prosper.

2. Facilitate the attraction to GM of new firms that expand employment opportunities for our labor force.

3. Cooperate with local schools and other agencies to improve GM workforce skills and income potential.

4. Support and encourage GM community development with emphasis on infrastructure, housing and amenities.

5. Ensure the continuity of the GM-EDC.

The reader will see that objective number 5 is the most important. The whole idea of sustainability for a local economic development organization (LEDO) is its service will always be needed. This is the core belief of most not-for-profit entities. Profit-making activities presume they will always be wanted.

Objectives 3 and 4 (workforce and community development) are not easily influenced by a LEDO. A strong voice supported by good research and cogent argument can help, but the future of the workforce rests on factors well beyond a LEDO’s reach.

Text Only | Photo Reprints
Columns
  • KNISELY: Adventures in cat spaying If you're a regular reader of this column, you know I have a cat. I got the cat to deal with the mice. Even if you only pop in on this column from time to time, you still likely know I have mice and that I hate them. I complain about it quite regular

    April 20, 2014

  • GUTWEIN: Strengthening Indiana for Hoosier veterans America's legacy was built on the foundation created by our brave service men and women. Whether they defended our nation's borders overseas or assisted Hoosiers during the harsh winter months, we need to do everything we can to make Indiana the best

    April 20, 2014

  • CEPEDA: Baseball's sacred temple Call it a character defect, but I don't like baseball. And I especially don't like the Chicago Cubs -- losers I never found lovable. I grew up less than a mile west of Wrigley Field and games there represented summer-long inconveniences such as midda

    April 20, 2014

  • HOWEY: Doctors Brown and Bucshon become seekers Seated across the table from me at Cafe Patachou were Drs. Tim Brown and Larry Bucshon. Dr. Bucshon was a heart surgeon from Newburgh. Dr. Brown is an emergency room physician from Crawfordsville. What made this breakfast meeting extraordinary is tha

    April 20, 2014

  • WOLFSIE: High-tech got you down? I love where I bank. It's a branch inside of a big supermarket. I can make a modest withdrawal and then go and blow every last penny in the cookie aisle. The tellers at the window appreciate me. They know about my obsession with round numbers and und

    April 18, 2014

  • PETERS: Grizzly bear may help human medicine I've gained 5 pounds since last summer. My body mass index (BMI) is still fine, but I need to stop gaining to keep it that way. Grizzly bears put my weight gain to shame. In the late summer, they eat some 50,000 calories per day and gain more than 1

    April 18, 2014

  • WILLIAMS: Feelings of the flowers I took one of those fun tests on Facebook to see what kind of flower I am and lo and behold, it said I was an orchid! That is so wrong because I have always thought I was the exact opposite of an orchid. I'd characterize myself as a daisy. You know,

    April 17, 2014

  • HAMILTON: Government as innovator? You bet! Five years ago, the federal government spent $169 billion to fund basic research and development. This fiscal year, it's down to $134 billion. People who believe in public belt-tightening applaud drops like that. I understand why: there are many reas

    April 17, 2014

  • PARKER: It's time to take a joke, America In selecting Stephen Colbert to replace David Letterman as host of the "Late Show," CBS has waged war on America's Heartland -- or so proclaims that Palm Beach font of heartland mirth, Rush Limbaugh. Don't you believe it, Heartlanders. But wait, ther

    April 16, 2014

  • KITCHELL: Forum about adding answers, subtracting questions A week from tonight, Logansport residents and those outside Logansport who purchase electricity from the Logansport Municipal Utilities will have a chance to find out some things for themselves. A free forum at McHale Performing Arts Center will feat

    April 16, 2014

Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Poll

Should mushroom hunters be allowed to forage off-trail in Indiana state parks?

Yes
No
Undecided
     View Results
Featured Ads
AP Video
Raw: More Than 100,000 Gather for Easter Sunday Raw: Greeks Celebrate Easter With "Rocket War" Police Question Captain, Crew on Ferry Disaster Raw: Orthodox Christians Observe Easter Rite Ceremony Marks 19th Anniversary of OKC Bombing Raw: Four French Journalists Freed From Syria Raw: Massive 7.2 Earthquake Rocks Mexico Captain of Sunken SKorean Ferry Arrested Raw: Fire Destroys 3 N.J. Beachfront Homes Raw: Pope Presides Over Good Friday Mass Raw: Space X Launches to Space Station Superheroes Descend on Capitol Mall Man Charged in Kansas City Highway Shootings Obama Awards Navy Football Trophy Anti-semitic Leaflets Posted in Eastern Ukraine Raw: Magnitude-7.2 Earthquake Shakes Mexico City Ceremony at MIT Remembers One of Boston's Finest Raw: Students Hurt in Colo. School Bus Crash Deadly Avalanche Sweeps Slopes of Mount Everest
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.