Sound Strategy: Understanding the Outer Banks’ past can illuminate the present, future
Entrepreneur is a French word, meaning to build something from nothing. Looking at photographs of our region from the 60’s, 70’s, and 80’s it’s clear that the greater Outer Banks has seen a remarkable boom in entrepreneurship over the past few decades. The visionaries and barnstormers of the 80’s and 90’s were able to do…Read More from Sound Strategy: Understanding the Outer Banks’ past can illuminate the present, future
Sound Strategy: Long-term success of Greater Outer Banks economy is chess, not checkers
Listening across our region to voices and thinking about what kind of future we are designing in our efforts, it’s clear that eastern North Carolina is a unique place with both unique opportunities and unique challenges unlike any other part of the state. What’s striking in many of these hopes is the amount of future…Read More from Sound Strategy: Long-term success of Greater Outer Banks economy is chess, not checkers
Sound Strategy: “Are you planning to come back?” is best measure of OBX visitor economy’s future
“In the short term, the market is a voting machine. In the long-term, it’s a weighing machine.” – Benjamin Graham With the Memorial Day holiday weekend just around the corner, our regional visitor economy swings into full speed for what will once again be a busy summer. In the short-term, our commerce engines continue to…Read More from Sound Strategy: “Are you planning to come back?” is best measure of OBX visitor economy’s future
Sound Strategy: Choice, not change, dictates what lies next
Around virtually every seeming corner in our lives at the moment lies some kind of dramatic evolution; whether it’s banking headlines, housing developments, or simply the pace of change, we are left to wonder with little confidence what lies around the next corner. As Elie Wiesel is famous for pointing out, it isn’t the change…Read More from Sound Strategy: Choice, not change, dictates what lies next
Sound Strategy: More chains mean smaller businesses must maintain ‘authenticity’
In a region known for the vibrancy of its small businesses, we’ve seen a fairly rapid succession of new and bigger businesses arrive along our shores. For example, Royal Farms in Grandy, Wawa in Kill Devil Hills and the long-awaited Target. And more big-name chains like them are coming to all parts of the Greater…Read More from Sound Strategy: More chains mean smaller businesses must maintain ‘authenticity’
Sound Strategy: The rise of the essential Hispanic workforce
As our region continues to wrestle with the productivity of our collective workforce and its ramifications for our future, it’s worth unpacking a few trends within that current workforce to see what’s working, what’s not, and most importantly what the trends are moving forward. It’s only by understanding those trends that we can, in turn,…Read More from Sound Strategy: The rise of the essential Hispanic workforce
Sound Strategy: Is the labor shortage cyclical or structural?
Whether it’s 1903 or 2023, the Outer Banks has always been defined in part by small numbers. That’s true in a host of ways, but none more pronounced than the labor force at the moment particularly with the summer season now clearly in view. With another busy season ahead of us – Airbnb for example…Read More from Sound Strategy: Is the labor shortage cyclical or structural?
Sound Strategy: The search for housing continues
With the arrival of Easter weekend, our visitor economy begins to pivot toward the summer rhythms of commerce. That means more visitors arriving amidst a still high percentage of seasonal residents, more retail and restaurant options becoming available as staff comes online, and increasing traffic suggesting of more people in search of more experiences. Housing,…Read More from Sound Strategy: The search for housing continues
Sound Strategy: What is the future of AI in our visitor economy?
Few modern topics can be as all-encompassing as the discussions around the future of artificial intelligence and its cousins in the machine learning and natural language processing worlds. To be sure, the potential impacts from these technologies are extraordinarily promising and yet the lack of clarity around their course also suggests concern. As it relates…Read More from Sound Strategy: What is the future of AI in our visitor economy?
Sound Strategy: Keep a weather eye on the horizon with budgets, and change course accordingly
As our national and regional economies continue to send mixed messages around the future, we’re reminded of the importance of planning, probabilities and purpose in our strategic thinking. One area that tends to dominate our thinking is the topic of budgets – every number tells a story, of course, and it’s the expectations in the…Read More from Sound Strategy: Keep a weather eye on the horizon with budgets, and change course accordingly