What area of the economy does it address?

Submitted by Boris Mann on Fri, 10/08/2004 - 00:04.

REALNEO supports economic development at all levels of the economy.

At the highest organization, government and institution levels, REALNEO
allows people to find important information, contacts and resources and
form clusters, initiatives and project teams and collaborate. This
makes teambuilding and collaboration more efficient and effective. The
benefits include more successful enterprises, better project outcomes,
stronger alliances between organizations and people, and streamlining
of development processes of all types. What good outcomes are realized
at these levels will benefit everyone in the region.

At the business initiative and entrepreneurship levels, REALNEO
allows people undertaking business to find support resources, submit
and develop plans and knowledge, identify strategic partners and
collaborate across boundaries and borders.

At the individual level, REALNEO
allows area people to communicate and be known – to use information
technology in productive ways and gain from the resources and
experience. People may use that to develop a new enterprise or to
develop themselves – they may network within their own physical
neighborhood or reach out around the world. With this knowledge and
experience, area people will become more valuable participants in the
local economy, whether creating jobs or filling them, having a large
positive impact in the community, increasing with future generations.

At the cluster level, REALNEO
advances important information technology understanding in this region,
expanding awareness of the potentials of social networking, knowledge
management, the Internet and open source and other programming –
creating job opportunities in and using knowledge from the IT cluster.

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Facilitiating unique value

A region's "unique value" is what gives it competitive advantage and enables wealth to be created.  Up 'til know, knowledge economy activities have tended to cluster in areas where there was sufficient domain knowledge to reach a critical mass of related and supportive activities. This phenomenon tended to attract like minded people and geography's convenience make it easy to start something.  Open network systems change that by enabling people to more easily aggregate domain knowledge.  The implications are powerful.  The tone and voice of the descriptive narrative needs to reflect these verities.