CDI PCED Test Study Guide 100% VERIFIED ANSWERS 2024/2025 CORRECT STUDY SET, Exams of Organization and Business Administration

Download CDI PCED Test Study Guide 100% VERIFIED ANSWERS 2024/2025 CORRECT STUDY SET and more Exams Organization and Business Administration in PDF only on Docsity! CDI PCED Test Study Guide 100% VERIFIED ANSWERS 2024/2025 CORRECT STUDY SET What is the definition of community development? the act or process of engaging community members to proactively understand and enhance the economic, social, political, environmental, cultural, physical, and educational aspects of a community through the adoption of vision statements, goals, objectives, and implementation plans What is the definition of economic development? the mobilization of community development resources to create financial growth and stability in the area through metrics like job creation, business growth and attraction, high wages, and increased capital. What is the relationship between community development and economic development? Community development facilitates economic development Please list the ten step process of community development in order. 1. begin the process 2. Engage the community 3. form an organizational structure 4. develop a strategic/vision/action plan 5. seek feedback from community 6. publicize the plan 7. implement the plan 8. evaluate the effort 9. celebrate success 10. create an ongoing process What is the role of the community developer? - know and understand your community - build and maintain relationships - provide learning and development - facilitate and promote community engagement - organize and manage resources - develop and support collaborative working - evaluate and inform practice - understand the ethics and values of the practice What is the definition of asset mapping? a data collection technique that emphasizes the community's strengths rather than focusing on short-comings, disadvantages, or problems to be solved What is the difference between asset-based development and needs-based development? asset-based looks at strengths while needs-based targets a specific problem to be addressed Name the primary steps to utilize in asset mapping - determine what the assessment will focus on - gather pre-existing data - gather new data through: 1. public sessions and forums 2. focus groups 3. interviews 4. direct observation 5. surveys - develop an executive summary detailing the findings and also the methods used What is the purpose of carrying out a community assessment? It keeps leaders aware of community issues, strengths, trends, etc., and also allows them to determine goals and objectives for a community plan - Values motive: issues that volunteers care about - Understanding motive: provides volunteers with new experiences and opportunities to grow/learn - Social motive: reinforce social connections and affirm efforts in the eyes of others - Career motives: something to put on resume/college applications - Protective motive: combats negative feelings or alleviates guilt - Enhancement motive: generates positive feelings, self-esteem, efficacy Please define shift-share analysis it explains which industries are competitive in an area by comparing expected growth and actual job growth against national growth Please list the four comparative components of shift-share analysis - industrial mix effect - national growth effect - expected change - regional competitiveness effect Please define entrepreneurial ecosystems a set of interdependent actors and factors coordinated in such a way that they enable productive entrepreneurship within a particular territory What is the purpose of fostering entrepreneurial ecosystems? they provide a framework that makes available the resources necessary for entrepreneurs to start and grow their businesses Please list the elements of entrepreneurial ecosystems - human capital - finance - markets - policies - support Please list and define the four pillars of venture ecosystem building - talent: talented workforce, also includes mentors and leaders - culture - embraces entrepreneurial culture (risk-taking, opportunitstic) - community engagement - common interests, goals, attitudes - capital - financial capital - venture, angel investors, government finance, etc. Please list some best practices for developing a culture of entrepreneurship - hire entrepreneurs - be a learning organization - empowering your team - encouraging sharing - prioritizing diversity Please describe the systematic approach to site selection: the traditional method, involves consultants or the company themselves sending out RFIs to states and narrowing down the search from there, going through the typical project process Please describe the ad-hoc approach to site selection: typically smaller companies reaching out to the local community or state to let them know about their growth and plans for expansion, usually not as competitive of a project What is the definition of business retention and expansion? it is a program designed to strengthen the connection between companies and the community while encouraging each business to continue to grow What is the three-legged stool in terms of job creation or business growth? 1. retaining and expanding businesses 2. recruiting new ones 3. entrepreneurship and small business support and growth What is the most effective method for collecting information in terms of BR&E? surveying Please list the steps to begin a BR&E program - recruit a BR&E professional/someone on staff who is dedicated to BR&E as their job description - identify key stakeholders and community champions - determine a vision/mission - promote the program - determine the structure of the program - divide the work - come to a consensus on the program - establish follow-up protocols -tell your story What is development finance? a tool to help make a project or deal more successful and in turn create a benefit for the long-term health of a community Please list the five key principles of development finance - must be able to repay any debt - must be able to lay out how you will use the funds, the timeline, etc. - should be able to identify multiple sources of funding for a project - should embrace alternatives or plan for undesired outcomes - must remove barriers to capital for community Please list the categories of development finance tools - Bedrock tools: bond financing - targeted tools: TIF, special districts - Investment tools: tax credits/abatements, OZs, FTZs, etc. - Capital lending: RLFs, CDFIs, SBA loans, etc. Please list the three key elements to assembling a local development finance team: - partnerships - expertise - utilize people in community already doing the work - coordination/communication Please define creative economies: