If ever you wanted proof that economic development is an important topic that decision-makers are paying attention to, next week’s sell out workshop is a good case in point.
Michael H. Shuman is an economist, attorney, author, and entrepreneur, and a globally recognized expert on community economics, and we have had to close bookings for his lunchtime workshop on Monday because it is full.
EDA-SA is partnering with the Office of Green Industries SA (supporting Zero Waste SA) and the Department of State Development through Look North, to bring Michael to Adelaide for a two-hour workshop.
There will be a rich array of topics discussed on Monday and we will share some of the insights and highlights via this Knowledge Bank website.
Here is the brief we sent Michael ahead of his visit:
The South Australian economy is undergoing major restructuring with our traditional manufacturing industries such as automotive shrinking and mining is suffering a major cyclical downturn. South Australia’s economic revitalisation is a priority but we suspect traditional approaches to economic development will not carry the day. We would appreciate the opportunity to contemplate ideas on how economic revitalisation can be brokered in an economy increasingly dominated by small and micro businesses with a focus on innovation and entrepreneurship.
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As many of us juggle work/life balance demands, especially at this time of Mad March in Adelaide, this quote from Michael Shuman’s The Small-Mart Revolution: How Local Businesses Are Beating the Global Competition might be something to ponder over the weekend.
“The relationship between any two communities in the global economy is not unlike a marriage. As couples counselors advise, relationships falter when two partners are too interdependent. When any stress affecting one partner – the loss of a job, an illness, a bad-hair day – brings down the other, the couple suffers. A much healthier relationship is grounded in the relative strength of each partner, who each should have his or her own interests, hobbies, friends, and professional identity, so that when anything goes wrong, the couple can support one another from a position of strength. Our ability to love, like our ability to produce, must be grounded in our own security. And our economy, like our love, when it comes from a place of community, can grow without limit.”
― Michael H. Shuman,