A Framework for Developing a Regional Economic Development Strategy
The framework is a diagrammatic approach to developing an economic development strategy for your region. Please note that this has been designed as a guide only, as some phases can be swapped, substituted or undertaken concurrently. The outputs that are shaded are the outputs that should make up a component of your strategy.
| Phases |
Matters to Consider |
Output |
Phase 1
Mobilise |
- Identify possible stakeholders
- Build on stakeholders roles
- Maintain stakeholder input
|
Communication Strategy |
Phase 2
Research |
- Gather relevant qualitative and quantitative data
- Identify the region's positioning in the New Zealand economy
- Identify key drivers and stakeholders
|
Regional Economic Profile |
Phase 3
Vision |
- Bring together relevant stakeholders and existing vision's
- Articulate a vision and high level goals for all stakeholders
|
Vision and Goals |
Phase 4
Analyse |
- Your strengths, weaknesses, opportunities and threats
- Link in with other plans and planning processes
- Seek stakeholder input and expertise
|
Results of Analysis |
Phase 5
Prioritise |
- Identify possible strategic objectives
- Prioritise
- Select your strategic objectives
|
Strategic Objectives |
Phase 6
Implementation Plan
Another step of consultation to test how planners understanding reflects stakeholder concerns |
- Identify possible activities
- Schedule realistic and achievable activities
- Communicate an implementation plan
|
Implementation Plan |
| Implement |
Phase 7
Evaluate and Update |
- Appraise
implementation plan
- Evaluate effectiveness in meeting goals
- Provide feedback to stakeholder
- Review and update regional profile and implementation plan
|
Updated Strategy and Action Plan |
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