Business coalitions are on the rise all over the country. In these coalitions, CEOs of local businesses are teaming up with community leaders to bring about change that is good for everyone in the region. In this article, the authors identify three important practices that explain their success, after studying more than 40 such regional coalitions.
In 2010, a coalition of nearly 40 CEOs and institutional leaders from small cities and rural areas in West Michigan joined forces around a regional talent-development effort called Talent2025. They wanted to help West Michigan become a top-20 region for employment by working together.
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