13 - Approaches to CD - Preparation and Planning Process p.2

Q: What are the three key components used to understand a local economy?

The distinction between basic and non-basic industries, the role of economic multipliers, and comprehensive economic assessment.

Q: What are basic industries?

Export-oriented businesses that bring outside money into the community, such as manufacturing and resource extraction.

Q: What are non-basic industries?

Local businesses that primarily serve local residents and circulate existing money within the community, such as retail stores and restaurants.

Q: What is the difference between basic and non-basic industries?

Basic industries bring outside money into a community through exports, while non-basic industries serve local residents and circulate existing money.

Q: What is an economic multiplier?

A measure of the total economic impact of an industry or investment on a local economy.

Q: What are direct, indirect, and induced effects?

Direct effects are immediate impacts within an industry; indirect effects occur through supply chains; induced effects result from workers spending their income in the community.

Q: What do sales, jobs, and earnings multipliers measure?

Sales multipliers measure economic linkages, jobs multipliers measure job creation effects, and earnings multipliers measure the economic value generated by wages and salaries.

Q: Why should community boundaries extend beyond legal boundaries?

People, services, economies, and social connections often operate across formal jurisdictional lines.

Q: What factors help identify connections between communities?

Economic ties, shared institutions, commuter patterns, workforce dynamics, and environmental or infrastructure systems.

Q: What are the key elements of effective stakeholder engagement?

Identifying stakeholders, creating inclusive participation, involving underrepresented groups, balancing interests, and encouraging collaboration.

Q: What should a comprehensive community assessment evaluate?

Community resources, infrastructure, demographic and economic trends, strengths, weaknesses, opportunities, and threats.

Q: What is asset mapping?

The process of identifying a community's physical, social, and economic assets.

Q: Why are partnerships important in community development?

They increase resource sharing, strengthen support networks, and improve collaboration.

Q: What is the essence of community development?

Organizing people and resources to achieve common goals.

Q: What is a community-based organization (CBO)?

An organization created to address community needs and promote local development through collective action.

Q: Why should community organizations collaborate with existing organizations?

To avoid duplication, build on existing successes, and use available expertise and networks.

Q: What is environmental scanning?

The process of gathering and analysing information about internal and external factors that may affect a project's success.

Q: What does PEST stand for?

Political, Economic, Social, and Technological factors (aka environmental scanning).

Q: What does PESTLE stand for?

Political, Economic, Social, Technological, Legal/Regulatory, and Environmental factors.

Q: What are the major steps in environmental scanning?

Identifying information needs, gathering information, analysing information, communicating findings, and making informed decisions.

Q: What is ETOP?

Environmental Threats and Opportunities Profile, a tool used to identify opportunities and threats in the external environment.

Q: What does SWOT stand for?

Strengths, Weaknesses, Opportunities, and Threats.

Q: What are strengths and weaknesses in SWOT analysis?

Internal factors that help or hinder project success.

Q: What are opportunities and threats in SWOT analysis?

External factors that may positively or negatively affect a project.

Q: Why is SWOT analysis useful?

It helps guide strategic planning, resource management, and decision-making.

Q: Why should community developers conduct an environmental scan for best practices?

To learn from successful projects and identify approaches that can improve their own initiatives.

Q: Why is a literature review important in project management?

It helps build evidence-based projects, strengthens analysis, informs decisions, and connects research to practice.