The Compass of Local Competitiveness is a performance measurement tool for territorial development / Local Economic Development (LED) initiatives. It is based on the Balanced Scorecard (BSC) method. Whereas BSC has been designed for the use in companies and other organisations, the Compass is specifically designed to cater for the needs of territorial development initiatives. Please click here to download a flyer that summarises the main features of the Compass.

The Compass of Local Competitiveness is a tool that gives you

• a clarified perception of the vision and objectives of territorial development,
• the identification of the critical success factors of a territorial development pro-gramme and specific initiatives within this programme,
• the definition of key performance indicators and specific targets you want to match,
• the definition of specific activities to achieve these targets.

Elaborating a Compass of Local Competitiveness can be the outcome of a single workshop, but it may be more practical to have a sequence of three workshops. The total duration of a single workshop would be between 1.5 and 2.5 days, the sequence of workshops would still be concluded within a week.

For a detailed description of the Compass, please click here.

A pilot test of the Compass was conducted in October 2004 by the GTZ BDS/LED Programme in South Africa. We are also introducing the Compass to GTZ's CONCOPE programme in Ecuador. We are testing a variety with a special focus, the "Compass for Quality", in the CONAC/PTB project in Costa Rica.