Some Common mistakes in Economic Development (are you making them?)
In my twenty years of Economic Development I have seen (and even made) several mistakes that directly impacts the success of our efforts. Recently I saw an article by DCI International that made me think about some of those mistakes and how we can all learn from them. While it is great to learn from best practices some of the best lessons I too have learned over the years from our flops, failures, oops and boo-boos. Here are some:
Oops#1: Promise lots of jobs.
Oops#2: Go it alone.
Oops #3: Develop a wonderful stand-alone marketing program.
Oops #4: Bring in Superman
Oops #5: Pay no attention to retention
Oops #6: Waiting for the phone to ring.
Full article below.