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LOCAL ECONOMIC DEVELOPMENT PLAN FOR TBILISI ... - LED

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2. Integration of strategic management framework<br />

Cities operate on the basis of different legal regulations that define city<br />

responsibilities and polices which articulate community goals. The city<br />

development strategy (CDS) covers community long term vision, gaols,<br />

objectives and is the guideline for all city development activities. While the<br />

cities operate not only as basic municipal services supplier but they are more<br />

and more active as a coordinator and active partner in all initiatives important<br />

for the city development, we are in the situation that many other programs are<br />

also developed to coordinate joint activities within different sectors. Local<br />

economic development ( <strong>LED</strong>) programs are the examples of local<br />

government leaders with stakeholders assessing economic competitiveness<br />

of the city and defining goals and tasks that should be undertaken. It is<br />

important to integrate strategies on the level of aims, but it is even more<br />

important and much more difficult to find the way that <strong>LED</strong> strategy<br />

implementation can be incorporated into CDS implementation process.<br />

All strategies are developed on the basis of strategic planning methodology.<br />

While some tools and procedures specific for a given sector can be used,<br />

basic elements of strategy development process are similar:<br />

• organization,<br />

• competitive assessment,<br />

• strategy formulation,<br />

• strategy implementation,<br />

• strategy monitoring and review.<br />

The <strong>LED</strong> strategic planning methodology that was implemented within World<br />

Bank’s Cities of Change program can be fully utilized for Tbilisi purpose. The<br />

methodology was based on a five-stage process:<br />

• organizing effort,<br />

• doing the competitive assessment,<br />

• preparing the strategy,<br />

• implementation of the strategy,<br />

• developing the monitoring and evaluation system.<br />

7

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