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The balanced scorecard is a strategic planning and management system that is used extensively in business and industry, government, and nonprofit organizations worldwide to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals.

In 2009, the Los Angeles County Economic Development Corporation (LAEDC) engaged and solicited input from more than 1,000 stakeholders in more than two dozen public forums that brought together leaders from the public, private, business, government, labor, education, environmental, and community-based organizations to develop the first-ever comprehensive, collaborative, consensus Strategic Plan for Economic Development in Los Angeles County.

The first-ever comprehensive, collaborative, consensus Strategic Plan for Economic Development in Los Angeles County, a clear, comprehensive, collaborative strategy that guides job and business retention, expansion and attraction.

Open Competency Models Ibbaka-TeamFit will be contributing a series of Open Competency Models to its communities over the coming year. Working with our customers and partner, we have seen the power that a skill and competency model brings to individuals and organizations. Good competency models bring clarity to the capabilities that an organization needs to evolve and adapt. They are central to the execution of strategic plans. For the individual, a competency model acts as a lens, allowing individuals to look into their skill profile and find hidden opportunities or gaps.

The Institute for Applied Economics at LAEDC performs objective research for a wide range of clients, detailing economic impact of development, business operations, and regulation, as well as providing intelligence about specific industry clusters, labor force, and workforce development issues.  The Institute's reports provide decision makers with critical information from which to make informed decisions.  In addition to providing on-demand research per client requirements, the Institute also provides foundational research to ensure LAEDC's combined programs for economic development are on target, ranging from our collaboration with workforce investment boards to major initiatives such as the L.A. County Strategic Plan for Economic Development.

the U.S. Economic Development Administration sponsored this project to develop new tools to support strategic economic development planning in rural regions. The goal of this work is to help rural planners assess their region's comparative strengths and weaknesses with respect to fostering innovation-based growth. The project's data and tools, however, can be used equally well in any type of region-urban, exurban, metropolitan or custom-based depending upon need and purpose.

The agenda is guided by a set of principles that must be agreed upon by stakeholders at all levels and does not seek to recreate the past and restore the jobs lost to global competition or to revive the debt-fueled follies of the past. It embraces a shift from a consumption-based economy to a production economy focused on global trade.