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Opportunity Management (OM)

Opportunity Management is a process to identify business and community development opportunities that could be implemented to sustain or improve the local economy. The following material will explain opportunity management for use by economic developers, co-operatives, and other community organizations. 

Selecting REDB Activities and Initiatives  

A handout used in OM sessions to explain what is economic development and how REDBs can select constructive initiatives and activities. 

Opportunity Management and Trail Development  

How Trail Development Organizations may utilize Opportunity Management to build destination trails

Opportunity Management Material for the Town of Fogo Island  

An Opportunity Management session developed and delivered for the Town of Fogo Island by the Kittiwake Regional Economic Development Board. Provides an overview of opportunity management for first time users. 

Stage Gate Decision Making  

The Stage-Gate model, originally designed by Dr. Robert G. Cooper, is an extremely useful and powerful tool in product development. It splits progress into a series of 'stages' and 'gates' to give a well organized and structured flow to the project. 

NLREDA Opportunity Management Support Materials

To support Regional Economic Development Boards (REDBs) in leading initiatives, NLREDA has developed ancillary materials to sugment those developed as part of the Opportunity Management module of the province's Community capacity Building Program. Tese materials are not intended to replace the CCBP materials and are certainly not comprehensive. They are  simply an additional resource that those developing OM systems can draw upon. They can be used by facilitators or participants as they see fit. 

Sample Opportunity Management Workshop Slides 

A PowerPoint presentation that will aid participants to:

Cooperative Role in OM 

A PowerPoint presentation that outlines how cooperatives can utilize the opportunity management process to streamline their operations.

Guide Supplier Development 

Explores the process of working in cooperation with an emerging company or sector to promote the establishment and/or growth of local companies that can provide goods and services to the emerging business/industry.

Guide Agriculture Development 

Explores how economic developers can identify and explore opportunities by examining research on local resources and growing conditions, market trends, the needs of existing industry and consumers, and the current activities of local partners. 

Guide Business Collaboration 

Explains how CED Leaders (REDBs, Municipalities, Chambers of Commerce, and Board of Trade) in each region of the province can collaborate to identify new business growth opportunities as well as solutions for challenges facing businesses and individuals in their respective sectors. 

Guide Industrial Infrastructure 

Identifies how industrial infrastructure enhances community and regional capacity through the development of targeted, competitive, and strategic industry sectors which required specific industrial infrastructure which waas not commercially available.

Guide Specialized Development 

Outlines the success factors, inspiration and leadership required for specilized development

Community Capacity Building Program Opportunity Management  Module Presentation:   om.ppt  

The Facilitator's Guide is designed to assist you to deliver a one day opportunity management workshop. The guide is accompanied by a Participant's Guide. 

CBDC Long Range Idea Generation 2009 

PowerPoint presentation pertaining to idea generation from Mary Lambert

MIT OM Supplement - Organizing for Innovative Product Development 

Supplementary materials compiled by NLREDA from MIT's OpenCourseWare- Organizing for Innovative Product Development

MIT OM Supplement - Managing Innovation and Entrepreneurship 

Supplementary materials compiled by NLREDA for MIT's OpenCourseWare- Managing Innovation and Entrepreneurship.

Coop Training Module for Economic Developers - September 20, 2011     

A comprehensive guide that outlines the components of opportunity management and how cooperatives can utilize the model. 

Opportunity Management Research V2 - September 20, 2011   

A guide that outlines how economic developers can utilize research to support the opportunity management process.

Building an OM Process General September 2011  

A general presentation pertaining to opportunity management and how the process links to strategic economic plans, performance management, and project management. The presentation also outlines the differences between initiatives and activities. 


Faculty and Research Working Paper: Innovation Policies and Socio-economic Goals  

Analytic-diagnostic framework offered by Sami Mahroum of the Social Science Research Network. 


Innovation Policy Trends in the EU and Beyond


Innovation is a key factor in under-pinning national competitiveness, assisting the European economy to overcome the current economic crisis and helping to resolve societal challenges. Currently all governments are challenged “to do more with less.” This report identifies trends in research and innovation policy and in policygovernance in the EU and beyond during the period 2009 to 2011.




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