1. Opportunity management

2. Agenda Icebreaker Welcome and Introductions Agenda Review Objectives Opportunity management Provincial, Regional & Community Profile Idea Generation Action planning Parking Lot Discussion/Evaluation

3. Workshop Objectives –Understand opportunity management and its role in community economic development –Describe the major steps in the opportunity management process –Understand and apply criteria needed for opportunity management –Develop strategies to engage in opportunity management in your community or region –Identify stakeholders to be involved in the process –Determine the partners to be involved in feasibility studies and action planning

4. What is Opportunity management –Part of venture development process and “funnel” –Rooted in entrepreneurship –Used for community economic development and business development idea generation –Encouraged by government and funding agencies to establish local priorities –Successful if inclusive community process

5. Opportunity management Exercise 1 Introduce participants to opportunity management

6. Opportunity management Exercise 2 Understand the importance of a provincial profile

7. Provincial Profile Provides background information on province Includes information such as: –Employment/unemployment –Population –Incentives –Priority sectors –Housing starts –Income levels –Migration/Birth Rate

8. Opportunity management Exercise 3 –Identify which provincial priority sectors are applicable to your community

9. Regional and Community Profile Contains local and regional information from: –REDB –CBDC –Rural Secretariat –Chambers of commerce –Community profiles Economic development plans Municipal plans

10. Research and Development Provides information on R & D in your area Sources of information include: –Memorial –College of North Atlantic –National Research Council –Department of Fisheries –Others

11. Research and Development Exercise 4 Identify research and development initiatives and leaders in your area

12. Community Infrastructure Includes physical resources not always captured in community profile –Roads –Broadband –Facilities Provides relevant information for opportunity management

13. Community Infrastructure Exercise 5 Identify types of infrastructure information that should be contained in a regional or community profile

14. Business and Services Provides overview of existing services and products Assists to identify gaps in region and community

15. Business and Services Exercise 6 Identify major employers and opportunities in the region

16. Identify Opportunities Generates list of possibilities for the region or community Considers community, business and organization needs

17. Identify Opportunities Exercise 7 Brainstorm business and community development ideas for the region or community

18. management Criteria Ensures means to filter opportunities Provides opportunity to reflect community, business and organizational priorities Reduces long list to workable list of priorities

19. management Criteria Exercise 8 Develop criteria for assessing opportunities

20. Apply Criteria Provides method to rank opportunities Enables group process to identify priorities Results in list that is generated by group

21. Apply Criteria Exercise 9 –Apply criteria to the list of opportunities generated by the group

22. Action Planning –Determines how to research and analyze short list of priorities –Identifies partners to be involved in the research and analysis –Determines timelines for process –Assists government and funders to understand local priorities

23. Identify Next Steps Exercise 10 –Identify follow up for research

24. Opportunity management –Parking Lot –Discussion/Summary –Evaluation Thank you!