Advanced Research Technologies

SERVICES

Diversifying the Economic Development Strategy Portfolio

enerating effective strategies and practices for advancing entrepreneurship within an industry, a particular population or an entire region or nation requires well-grounded analytical inputs. Unfortunately, traditional research building blocks often present challenges to doing so. However, ART's approach effectively links successful strategy development with comprehensive assessment. This process makes it possible for us to enable our clients to formulate policy-relevant answers and planning in response to pressing questions and issues. Some of their questions include:

What constitutes entrepreneurship and how strong is our region's entrepreneurship capacity and performance?
How does our industry cluster or region compare to systematically identified competitors based on timely and policy-relevant data and analysis?
How can participation in and the benefits from entrepreneurship be accelerated and deepened for minorities and women in our industry or region?
How do the structure and dynamics of our region's industry clusters impact the entrepreneurial activity vital to the development of existing or emerging industry sectors within those clusters?
What place-based factors can be strategically altered to increase the level of innovation-driven entrepreneurship in our region, and what are the most targeted approaches for doing so?
What are the policy, strategy and practice hurdles for further integrating entrepreneurship into our region's overall economic development strategy portfolio?

A Next Generation of Place-Based Analytics

To drive strategic thinking and action, ART has developed a series of analytical tools and processes. Its proprietary entrepreneurship data collection instruments create previously unavailable analytical inputs on emerging and high growth entrepreneurship and technology and corporate venturing for an individual industry cluster, a minority population or an entire regional economy. Its exclusive industry opportunity analytics provide clients with dynamic industry cluster analyses that specifically assess the interplay between entrepreneurship and cluster development.

While all ART projects are custom designed, some of its most frequently requested client services include:

benchmarking regional innovation and entrepreneurship capacity and performance;
formulating entrepreneurship acceleration strategies that can be integrated into a region's overall economic development portfolio;
conducting in-depth analyses of minority entrepreneurship and developing strategies for fostering entrepreneurship within these populations;
analyzing emerging industry cluster opportunities and competitiveness within a particular region or across several regions in proximity;
advising regional leaders and institutions on organization design, strategy, positioning and effectiveness; and
documenting innovative strategies, policies and practices for advancing entrepreneurship development in diverse settings.

Research that Builds a Platform for Engagement

ART structures all of it services according to a guiding principle that "knowledge is created at the point of application." We recognize that practice cannot be perfected and scholarship cannot be advanced unless they are considered as interdependent and mutually reinforcing, and that both are necessary for maintaining competitiveness and prosperity in an increasingly complex economy. While developing value-added research inputs for entrepreneurship development, ART uses research and engagement to listen, inform and alter mindsets. Combining sophisticated research capabilities with place-based strategy development, ART ensures the depth and relevancy of the research agenda, while building the momentum and local capacity necessary for translating research into action.

A Unique and Innovative Approach

Recognizing critical differences among and within regions, ART's methods are customized to create breakthroughs in specific contexts and populations, including in rural areas, urban areas, inner cities, highly entrepreneurial communities and less entrepreneurial ones. ART supports diverse regional and community leaders in their complex development efforts by positioning them with sophisticated analyses about their region's economy and strategic directions for advancing economic vitality through entrepreneurship.

Sitting at the intersection of theory and practice, ART serves as an intermediary leveraging and commercializing innovative ideas in entrepreneurship research and giving them practical expression in order to realize their value. ART discretely taps a select network of scholars throughout the United States with expertise in economics, sociology, public policy, industrial psychology, organizational behavior, finance, strategic management and human resources. This carefully managed process enhances our client-focused approach.

For more information or to discuss opportunities for accelerating entrepreneurship activity in your industry or region, please contact us at:

73 Highland Avenue, Suite Three
Cambridge, MA 02139
617-492-2128 (tel)
617-876-0245 (fax)
alawrence@advancedresearchtech.com