In Part 2, we presented a few anecdotal examples of how we would apply the stakeholder framework in the real world. With the framework in mind, it allows us to get some insight into answering the following questions:
- What makes a locality improve or decline (the first derivative: rate of change)?
- What are the factors that truly impact the trajectory of a given neighborhood (the second derivative: the acceleration or deceleration of growth)?
While there are many social factors that impact economic change, I'd begin by taking a fiscal approach and then deriving some of the social ...