This case study integrates the growing popularity of adventure tourism, ecotourism and heritage tourism and contains the potential for building an alternative economy, one that promises greater monetary returns for local residents, the preservation of rural traditions, and the protection of sensitive natural resources. Three traveler and tourist "personas" into Eastern Kentucky are demonstrated
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
International Visitor Leadership Program at Berea College
1. International Visitor Leadership
Program
Business Development : A Project for Syria
Peter H. Hackbert
Entrepreneurship for the Public Good Program
Berea College, Berea KY
2. What has changed in just
the last five years?
"Facebook didn't exist;
Twitter was a sound; the
cloud was in the sky; 4G
was a parking place;
LinkedIn was a prison;
applications were what
you sent to college; and
Skype for most people
was typo."
9. 2 Kinds of “E” activities
Necessity
Opportunity
10. Kauffman Index of Entrepreneurial
Activity
• In 2011, every month, an average of over 3.4
out of 1,000 adults created a new business –
540,000 new businesses (2002 = 623,000)
– 4.4 men 2.7 women
– 5.2 Latinos
– 3.2 Asian Americans
– 2.3 African Americans
– 5.1 Native Americans
February 15, 2013 10
11. Kauffman Index of Entrepreneurial
Activity
• California had 3rd highest entrepreneurial
activity rates – 4.4 per 1,000 adults
March 30, 2010 11
12. Kauffman Index of Entrepreneurial
Activity
• Kentucky had 10th highest entrepreneurial
activity rates – 3.7 per 1,000 adults
March 30, 2010 12
19. What we Used to Believe
Source: http://steveblank.com/tools-and-blogs-for-entrepreneurs/
20. Plan Meets First Contact with
Customers
Source: http://steveblank.com/tools-and-blogs-for-entrepreneurs/
21. What We Now Know
Source: http://steveblank.com/tools-and-blogs-for-entrepreneurs/
22. No Business Plan survives first
contact with customers
Source: http://steveblank.com/tools-and-blogs-for-entrepreneurs/
23. What We Now Know
Source: http://steveblank.com/tools-and-blogs-for-entrepreneurs/
24. More startups fail from a lack of
customers than from a failure of
product development
Source: http://steveblank.com/tools-and-blogs-for-entrepreneurs/
25. We Now Know How to Make
Startups Fail Less
Source: http://steveblank.com/tools-and-blogs-for-entrepreneurs/
26. How?
Teach the Entrepreneurial API
Source: http://steveblank.com/tools-and-blogs-for-entrepreneurs/
27. Entrepreneurial Education begins
with the Search for a Business
Model
Source: http://steveblank.com/tools-and-blogs-for-entrepreneurs/
31. A temporary organization
designed to search for a
repeatable and scalable
business model
Source: http://steveblank.com/tools-and-blogs-for-entrepreneurs/
32. A Startup aims to become a
company
Source: http://steveblank.com/tools-and-blogs-for-entrepreneurs/
33. It is not the customer’s job to
know what they want.
- Steve Jobs
34. Maximizing learning (about the
customer) per unit time
Source: http://steveblank.com/tools-and-blogs-for-entrepreneurs/
35. Startups that succeed are those
that manage to iterate enough
times before running out of
resources.
- Eric Ries, The Lean Startup
36. Life’s too short to build
something nobody wants.
- Ash Maurya, Running Lean
40. Source: Ezzell,T., Lambert, D., and E. Ogle. Strategies to Economic Improvement in Appalachia’s
Distressed Rural Counties, University of Tennessee, Knoxville, Washington DC: ARC. February 2012.
41. Source: Ezzell,T., Lambert, D., and E. Ogle. Strategies to Economic Improvement in Appalachia’s
Distressed Rural Counties, University of Tennessee, Knoxville, Washington DC: ARC. February 2012.
42. Source: Ezzell,T., Lambert, D., and E. Ogle. Strategies to Economic Improvement in Appalachia’s
Distressed Rural Counties, University of Tennessee, Knoxville, Washington DC: ARC. February 2012.
60. Characterizing a Design Thinker
Empathy. They can imagine the world from multiple perspectives – those of colleagues,
client, end users, and customers.
Integrative thinking. They not only rely on analytical processes but also exhibit the
ability to see all of the salient – and sometime contradictory – aspects of a confounding
problem and create novel solutions that go beyond and dramatically improve on existing
alternatives.
Optimism. They assume that no matter how challenging the constraints of a given
problem, at least one potential solution is better than the existing alternatives.
Experimentalism. Design thinkers pose questions and explore constraints in creative
ways that proceed in entirely new directions.
Collaboration. The increasing complexity of products, services, and experiences has
replaced the myth of the lone genius with the reality of the enthusiastic interdisciplinary
collaborator.
Tim Brown, Design Thinking (Harvard Business Review, June 2008)
62. Small Rural Appalachian Community
Economic Development (CED)
Traditional ED Strategy / Tool Direct, Short-term
• Industrial development Economic
• Business retention / expansion Outcomes
• Workforce development • jobs
• Tourism • firms
Economic Development • prosperity
• wealth
Approaches
Alternative ED Strategy / Tool
• Entrepreneurship 1. Recruit firms from the outside
• Downtown development 2. Strengthen/expand existing firms
• Arts / Creative economy 3. Promote development of new
firms
•
•
Cluster-based development
Residential development
Other
Outcomes
• social
• civic
• environmental
CD Capacity Building Strategy /
Tool
Indirect, Long-term
• Transportation
• Broadband / Internet / Social Media
• ED finance
• Philanthropy
• Strategic planning
• Leadership development
• Organizational development
63. EPG Small Rural Appalachian Community
Economic Development Model
Traditional ED Strategy / Tool Direct, Short-term
Economic
• Tourism
Outcomes
• jobs
Economic Development • firms
Approaches
e
Alternative ED Strategy / Tool 1. Strengthen/expand
• Entrepreneurship economy
existing firms
• Cluster-based development 2. Promote new firms
• Local Living Economies Other
• Residential development Outcomes
• social / civic
CD Capacity Building Strategy / • environmental
Tool
Indirect, Long-term
• Transportation
• Broadband / Internet /
Social Media
64. 3rd largest industry in Kentucky,
Tourism is the
providing $3.3 billion in salaries annually
This is despite only 34% of first-time Kentucky
visitors actually recalling seeing any advertisements or
promotions for Kentucky prior to their visit.
65. The tourism and travel industry contributed
nearly $11.7 billion to Kentucky’s economy
in 2011.—an increase of 3.0 percent
In the Daniel Boone Region, where the KRADD is
located, there was a 1.6% increase
66. Key Facts
Visitors come to Daniel Boone Country Region
•It is peaceful/relaxing (81%),
• It is a safe destination (74%),
• There is plenty to see and do (72%),
• It is a good value for the money (71%)
• The clean unspoiled environment (72%)
67. The Daniel Boone Country Visitor
Average Income : $68,560
Average Age: 50.8
Average Travel Group Size: 3
69% short pleasure trip
53% use internet
Recommend their visit to others: 96%
68. …growing popularity of ecotourism and
heritage tourism…contained the potential for
building an alternative economy, one that
promised greater monetary returns for local
residents, the preservation of rural traditions,
and the protection of sensitive natural
resources.
- Ronald D. Eller, Uneven Ground, The University of
Kentucky Press, 2008: 256.
69. 3 Years Research Activities
• Demographic Analysis
• Economic Analysis
• Community Survey
• Site visits
70. "The traveler/tourist persona
profile gives you a chance to truly
empathize with target market
segments, stepping out of the role
as someone who wants to promote
a product and see, through your
travelers' eyes…”
Peter H. Hackbert
72. Online consumer recommendations are
the second most trusted source of brand
advertising, second only to
“recommendations from people I know” in
a global 2012 study of 28,000 consumers in
56 countries
Source: Nielson, “Consumer Trust in Online, Social and Mobile advertising Grows, 2012
73. Key Question
Can Social Media be a tool to
develop an alternative economy in
Appalachian communities?
74. We observed and we listened to
the KRADD business owners,
attraction and destination
operators
89. “When multiple reviewers start to
mention the same thematic things,
such as the service is poor, users then
assume this could be true because
multiple people have mentioned it.”
- Adam Medros, TripAdvisor's
vice president of global product
Source: Read more at
http://www.emarketer.com/Article/TripAdvisors-Scale-Ensures-More-Trustworthy-Reviews/1009673#r6h3
90. The Travelers’ Next Steps
• Once returning home from their trip
• Uploaded multiple pictures on Facebook
• Wrote reviews on their food and lodging
• Told their friends about their trip and passed
along their brochures
• Planned an annual trip to Damacus
96. Who is the next
DUKE in the
Perry County?
Use social
media to
acknowledge
loyal local
customers
Hinweis der Redaktion
Amelia – The Letterman Top Ten - The current issue of time list the top ten – 1. Accountant 2. Entrepreneur 3. Police office. 4. Network an computer systems 5. Nurse 6.Nurtitiionist 7. Physical therapist 8. Teacher 9. Mathematician 10. Government manager
Hackbert The Kauffman foundation tracks a measure of entrepreneurial activity
Hackbert The Kauffman foundation tracks a measure of entrepreneurial activity
Hackbert The Kauffman foundation tracks a measure of entrepreneurial activity
02/16/13 Ashoka U Exchange Arizona State University, Tempe Arizona February 10-11, 2012 Building Analytical Business Skills for Social Entrepreneurs
Map Your Business Model - Map out a simple, text-based version of your business model. - Write each business model element on an individual Post-it™ note. - Mapping can be done individually or with a group. Draw Each Business Model Element - One at a time, take each Post-it™ drawing representing the content. - Keep the images simple: omit detail. - Drawing quality is unimportant: just convey the message. Define the Storyline - Decide which Post-it™ notes you will put up first when telling your story. - Try different paths. You might start with Customer Segments, or maybe the Value Proposition. - Basically, any starting point is possible if it effectively supports your story. Tell the Story - Tell your business model story one drawn Post-it™ at a time. 02/16/13 Ashoka U Exchange Arizona State University, Tempe Arizona February 10-11, 2012 Building Analytical Business Skills for Social Entrepreneurs
Here is the EPG community page . Doesn’t look like a traditional Facebook page, does it? With the help of Aaron Sachs , whom I will mention in a little bit, we have been able to differentiate EPG from being just a regular page to a business page with the logo and page design that make it look more like a website than a Facebook page .
What is a distressed county? The Appalachian Regional Commission uses a four-rung system to measure counties' needs. Distressed: "Distressed" means poverty and unemployment rates outpace the national average 1 and 1/2 times, and per capita income falls two-thirds below the national average.
Kentucky area development districts with a net loss in population include Knott County in the Kentucky River Area Development District which is the location of our community partner. Knott County, an the interior Appalachian counties represent a community most dependent on coal mining income.
Reflective journals recorded the emotional response upon entering, image, sensory experience, authenticity as indicated by signs or certificates, shop appearance, style, merchandising displays, origin of products and forms of internal marketing. 7. 11 of the 17 student researchers completed the first stage providing records for a total of 44 Berea establishments. NEXT SLIDE
From the Phase 1 research we discerned that college students could distinguish between tourist attractions, types of tourist experiences, and types of souvenir and goods. NEXT SLIDE
A design thinker is often defined by these characteristics. ..EMPATHY … and the values of EXPERIMENTATION and COLLABORATION. Though we don’t have time to go into these characteristics in detail now, just by their headings … One can imagine, that in a field as community economic development, these characteristics are welcome additions to any innovation effort.
Creating a more service focused sector of industry. Perry County provides a unique experience with local assets that could be tapped as tourism developmental resources. There’s not a lack of appeal, but a lack of reach. In other words, there is a disconnect between destination seeking tourists and the assets of Perry County that may suit their interests. What is the resolution to this problem? Advertisement with a longer reach, found most appropriately in the form of social media. Believe it or not, tourism is the third largest industry in Kentucky, providing $3.3 billion in Kentucky salaries annually (KTIA.com). This is despite only 34% of first-time Kentucky visitors actually recalling seeing any advertisements or promotions for Kentucky prior to their visit, according to a 2011 study of Kentucky tourists (Kentucky Visitor Profile Summary).
Tourism however, is on the rise. The tourism and travel industry contributed nearly $11.7 billion to Kentucky’s economy in 2011. Direct expenditures by tourists accounted for $7.4 billion of this total —an increase of 3.0 percent since 2010. A total of 169,932 jobs in Kentucky resulted from the industry in 2011—up 674 jobs from 2010. Direct expenditures created 118,917 of these jobs. The tourism-generated jobs provided over $2.6 billion in wages to Kentucky workers—an increase of $76 million from 2010 wages. In the Daniel Boone Region, where Perry County is located, there was a 1.6% increase. By incorporating tourism into the economy more, jobs could be created to replace those lost.
BACKGROUND: As the coal industry is declining, so is the economy of the Eastern Kentucky. -recent 750 job cuts by the coal company, Arch Coal Inc and 600 of them have directly affected Kentucky. -Tourism is the 3 rd largest industry in KY. -3.3 billion dollars in salaries annually.
69% come for short pleasure trip. 53% use internet as primary source for planning. 34% do not recall seeing any promotions or advertisements. 81% come for peace and relaxation. 72% come for the clean and unspoiled environment. 20% mention campgrounds. They stay 3.9 nights. 53% visited state parks.37% visit historical sites. 87% drive to the region. 96% later recommend their visit. Average Income: $68,560. Average Age: 50.8. Average Travel Group Size: 3.
At least 115 million Americans lived within a day’s driving distance of Appalachia, and the region’s water, forests, and cultural resources increasingly appealed to urban hikers, campers, kayakers, fishermen, and families seeking relaxation and cultural enrichment. In parts of the region less scarred by environmental destruction, outfitters, bed and breakfast accommodations, restaurants, and other small businesses multiplied to serve urban tourists seeking outdoor adventure. Festivals celebrating mountain music and crafts and fairs promoting local farm products, homecomings, historical reenactments, and community gatherings of all kinds brought dollars into local economies, supported local shop owners, and sustained a sense of local pride.
According to a global 2012 study of 28,000 consumers in 56 countries conducted by Neilsen, online consumer recommendations are the second most trusted source of brand advertising, second only to “recommendations from people I know.”
Once returning home from their rally the Westons… Uploaded multiple pictures on facebook Wrote reviews on their food and lodging Told their friends about their trip and passed along their brochures Planned an annual trip to Hazard for the Cherokee Rally Tag- A-Long