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What is the character of place?
Jurisdictional Advantage assessment is a measure of the character of place. It is an important indicator that assesses the impact that local capabilities, supporting institutions, environmental elements and industrial ecosystems play in the success of industries and related investments.
Late in April, 2009 we developed an analytical framework to support ongoing assessment of Jurisdictional Advantage. Our client, Alberta Ingenuity Fund, and its stakeholder, Alberta Department of Advanced Education and Technology, are refining the tool to guide investment decisions within the research and development priorities of Alberta.
Measuring Jurisdictional Advantage
After reviewing and synthesizing 300 academic articles, our 50-page report includes a table of 75 indicators (lagging, current, and future) that together assess areas of Jurisdictional Advantage. Supporting this tool-set, we also created an index for measuring absorptive capacity – the ability of regions and industries to adopt and leverage new technologies. Capacity to bring in outside technologies and integrate new ideas in existing industries is a key indicator of potential for growth. Together Jurisdictional Advantage and strong absorptive capacity indicate potential areas of focus for new investment.
Jurisdictional Advantage for investment and corporate development
As investors consider future ventures and corporations evaluate strategic alternatives, Jurisdictional Advantage is an analytical decision-tool that provides historical, current and predictive information. As a framework it provides a robust and comparative set of choices that allow priority setting and ongoing analysis.
Our overview of Jurisdictional Advantage assessment, discusses key elements of this analytical tool and introduces the main concepts that underlie the framework. For further questions or for a copy of the full-report, please contact us by email.