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change:

. . . continuous transformation through time, thus keeping all things in a variable state.

Change is an operative word in the definition of development. Projects for enterprise and economic development are change initiatives. Economist Irma Adelman of the University of California at Berkeley once stated: No area of economics has experienced as many abrupt changes in leading paradigm during the post Word War II era as has economic development (source of quote / 1999).

The change/enterprise development relationship is pointed out in an OECD (Organisation for Economic Co-operation and Development) policy brief titled Local Development and Job Creation. The brief indicates that globalization is a force of change which is . . . making our economies more open, bringing new opportunities, new markets, and new wealth. But it also demands more rapid adjustment to change (source of quote) — the last sentence suggesting change management is needed.

Change Management is the process of communicating, coordinating, scheduling, and monitoring change (source of quote). The Economic Development Network Quality Glossary has a definition of change management as well as change agent.



 
 
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Economic Development Services, Inc. -- copyrights and all rights reserved / 06/23/2014