Exploring the development of an economic development ...



Title Exploring the development of an economic development assessment framework: a pilot test tool kit using a case study. Summary of research, opportunities and tools for rural communities to apply
Author(s) Chris Palmer
Date 2011
Institution University of Prince Edward Island
Supervisor(s) Tim Carroll
Degree earned Master of Business Administration
Place published Charlottetown, P.E.I.
Abstract Executive Summary: A literature review of the approaches to Regional Economic Development was conducted and the best approach, the "Bottom Up Approach", was identified. This approach of local decision making, community participation, and grass roots mobilization was used as the basis for the collection of specific tools to engage the community and focus on their collective assets, as opposed to their list of deficiencies, which usually results from a needs assessment. The identification of these assets was validated a (Environmental Scan). The underpinnings of works from thought leaders in the area of creativity, import replacement, creative destruction and economic sovereignty are always considered through the validation process. Once the assets have been identified, the competitive advantage understood and the target market defined, sustainable Regional Economic Development will occur.
Use/Reproduction In presenting this signature project report in partial fulfilment of the requirements for a Master of Business Administration degree from the University of Prince Edward Island, the author has agreed that the Robertson Library, University of Prince Edward Island, may make this signature project freely available for inspection and gives permission to add an electronic version of the signature project to the Digital Repository at the University of Prince Edward Island. Moreover the author further agrees that permission for extensive copying of this signature project report for scholarly purposes may be granted by the professor or professors who supervised the author’s project work, or, in their absence, by the Dean of the School of Business. It is understood that any copying or publication or use of this signature project report or parts thereof for financial gain shall not be allowed without the author’s written permission. It is also understood that due recognition shall be given to the author and to the University of Prince Edward Island in any scholarly use which may be made of any material in the author’s report.

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