Analytical Toolset
Global Value Chains Audit
regionalintel applies the Global Value Chains (GVC) method to mapping
and tracking your champion and emerging industries. GVC works well for regions seeking to diversify their economy
and is most appropriate for places with a historic specialization in one dominant industry, particularly
in the space of manufacturing. It is a bottom-up approach to strategy formulation that considers your local
economy in the context of global industries. Since
2007, ri has collaborated with the University of Illinois at Urbana-Champaign to bring the GVC approach to communities in
North America. Our efforts in Central Indiana and aerospace have earned regionalintel the distinction
of applied Global Value Chains researcher with Duke University's Duke Center on Globalization, Governance, and Competitiveness.
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Industry Cluster Solutions
While industry cluster analysis can be an effective tool in discovering economic
linkages, it is equally important to apply this methodology with caution when piecing together your economic development strategy.
Cluster-based strategies are most appropriate for larger regions seeking to channel their economic
diversity as a source of competitive advantage and to organize local stakeholders around similar development goals. An
industry cluster analysis should be conducted periodically throughout the lifetime of your cluster-based strategy
as a mode of inquiry to track economic progress and to give direction to new initiatives. ri applies
an unbiased approach to cluster analysis by using multiple cluster definitions from the most reputable
academic sources, including the Institute for Strategy and Competitiveness at Harvard Business School, the Department of Urban
and Regional Planning at the University of Illinois at Urbana-Champaign, and Purdue University.
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Target Industry Studies
Communities
often commission target industry studies to help improve the effectiveness of their business recruitment initiatives.
regionalintel will conduct exhaustive economic and market research to identify the industries in
which your area could have the best opportunities for growth. We focus on the individual firm
as the principal unit of analysis and guarantee to deliver detailed recommendations as to the activity, size, and
structure of those companies that fit your economic profile. ri can work with you whether you already have
a particular industry in mind and need help identifying specific firm types, or if you need to completely revaluate
your local economic base in the context of broader industry and economic trends.
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