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enterprise developer:
the enterprise developer as site selector:
definition of enterprise developer
defined what does an enterprise developer do
what is an enterprise developer's involvement in site selection or facilities
location
... is manager of the process of finding and choosing
a location while
at the same time being the one who makes the risky decisions.
Of course the enterprise developer may delegate or hire someone, such
as a site
location consultant, to do location work. See the answer
to the question about what a site selector does.
site selection project:
... the undertaking of a site selector which begins
with planning at either a tentative or preliminary stage
with the expectation that it will continue on through an active
stage to a point where all of its requirements, as expressed
in a scope of project (SOP), are met; however, at any point along the
way it may be shelved
or otherwise
stopped. The SOP
is a management tool specifying work required to take the
project to completion.
Site selection projects move forward with the distribution of a
profile and selection criteria to location data suppliers. Basically
a site selector's work involves comparative analysis as well as
seeking incentives and negotiating deals.
definition of site selection project defined definition
of site location project
definition of location project as a site selection project handled by a site
selector
site selection and economic development:
As indicated at the top of this page, site location
work (site selection) is a process of enterprise development. The next
page in this series is About Economic Development. The page after that
is About Enterprise and Economic Development. The keyword combinations
below are searched on the Web for additional information:
Search the Web for ... site selection economic development relationship
Search the Web for ... site selection enterprise development relationship
Search the Web for ... enterprise and economic development site selection
Search the Web for ... site location economic development
Search the Web for ... site location enterprise development
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risk:
risk management made simple for economic developers community leaders
how to manage risk presented as five practical basics that are too often ignored
... real or assumed exposure to the possibility of adverse circumstances.
All business
decision makers face risks. Risk is absolutely unavoidable for enterprise
developers and those who are their resource
and service providers. Community leaders in places that
want economic
development have to take risks along with their prospects,
including their local small
businesses and young
companies see
the priorities for smart communities in Best
Practices for Places that want Economic Development.
definition of risk defined for economic development
at risk definition of risk
as it applies to locations that want economic development have this primer on
risk management:
is essential in site selection work requires understanding
the basics of risk
managing is a responsibility of all smart business decision makers involved
in
... guiding and controlling the actions required to produce projected results
from a plan (example: a business
plan), a project (example: site selection project),
a course laid out for enterprise
development or any other endeavor of a business
enterprise. The expression change
agent used in explaining what enterprise developers,
site selectors and area and local development representatives do suggests that
risk
management is always a consideration as they work togethersee
the meaning of elements of change in the .network glossary.
definition of risk management is a responsibility of change
agents such as business
decision makers need know how to apply basic principles of management such as
The following five considerations are basic to successful risk management:
definition of enterprise development risk management defined
definition of site
selection risk management begins with the adage that all change agents should
1. Be prepared: Risk management in enterprise development controls
things that reduce or eliminate negative impact. Having reliable information
in hand that business decision makers can trust is absolutely the first thing
to
consider.
2. Anticipate Risks: Identify a risk as
early as possible. Networking is essential.
3. Categorize risks: For example, every experienced site selector
knows to categorize the wants and needs expressed as project requirements according
to the consequences derived from not finding each one specifically. Although
finding or negotiating incentives is a way many site location consultants
like earn
their keep, the professionals know that they cannot allow them to overshadow
critical selection criteria. Case in point: The retailer who opts to accept
a discounted lease to be among the first in a a
new
shopping
center
where the market has not yet been proven to exist.
4. Understand the context: Consider the risk of suspecting
that a real estate site may be in a flood
plain but not checking what records show. Within the context of the
records that show the site to be flood-prone, the site selector who advises
his client is contributing to sound risk management. Another example could
be framed
around the context
of
priorities
set
by,
say, a business
plan.
5. Contingencies: What if this, what if that: It may be worthwhile
to manage by asking what-if questions. For example, what if the
union decides to strike? Does the business decision maker manage by
having a contingency plan. Given the example, the plan may be to initiate
a relocation project at the first signs that issues with disgruntled or
agitated employees are likely not to be resolved. Contingencies loops the process
of risk management back to be prepared.
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The Network acknowledges a technical
paper by Robert Armstrong and Gillian Adens as one reference used in
organizing five
risk management categories.
CLICK
HERE to suggest other references or add a resource to The Network.
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08/05/2007
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