Ict master Strategy for Republic of Armenia


Strategic Direction 16: Improve Quality of Life and Encourage Prosperity Sharing



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Strategic Direction 16: Improve Quality of Life and Encourage Prosperity Sharing




Background (Global Context)


Judging a region’s quality of life is a highly subjective process in that each person has his or her own preferences as to what comprises a desirable place to live, work, and raise a family. However, all successful and growing technology regions are very concerned about developing and sustaining particular quality of life assets that attract, grow, and retain and perhaps “bring back home” high tech talent. In short, such amenities as quality schools, clean air and water, a safe and stimulating environment, cultural and recreational activities, and career development opportunities are not just “nice things” for a region to have—they are crucial to Technopolis development.
All regions have assets and challenges. The task is to, over time, enhance and build regional quality-of-life assets and to find meaningful ways to mitigate a region’s challenges. Prosperity sharing is a challenge in developed as well as developing technology regions. For a region to maintain its momentum and to enhance its quality of life it must work at developing innovative and effective prosperity sharing programs and to facilitate the inclusion of a broad range of a region’s native inhabitants as well as knowledge workers that move into a region. Quality of life begins with a meaningful job, good salary, and career opportunities.

Current Situation in Armenia


Armenia currently has many valued assets; however, for a host of reasons, many of which concern quality of life issues, many Armenian knowledge workers choose to leave the region for career opportunities and to launch companies. Doing a better job of retaining, growing, and bringing home this brainpower is crucial to developing a viable ICT industry and accelerating the region’s economic development.

Target Outcome 16.1: Employee Ownership Programs




Actions/Development Plans


16.1.1 Develop incentives to establish profit sharing programs

  • Develop incentives (tax or regulatory) for companies and entrepreneurs to establish ESOP and/or profit sharing programs for their employees. This will have a very visible and immediate positive impact by creating incentives for employees to make a long-term commitment to their companies. A key strategy to prosperity sharing is the application of programs that permit broad-based ownership in business enterprises. Such a sense of ownership can be fostered at one level though such management practices as shared decision-making and responsibility and at another level through economic incentives. In short, it is important for Armenia public and private leaders to implement vehicles that create and sustain incentives for entrepreneurs and companies (foreign and domestic) to share financial success with employees.


Prosperity sharing is central to supporting a knowledge-based economy. To attract and retain talent, knowledge workers must have the opportunity to invest in and share in the success of the ventures they support.

Target Outcome 16.2: Re-investment in Education




Actions/Development Plans


16.2.1 Create inclusive training programs

  • Include more people in technology-based business directly through targeted, focused, and short-term training programs for people without technology based educational backgrounds. The prosperity produced in a knowledge-based economy invigorates the service sector through the creation of demand and capacity to pay for more and better services including travel, restaurants, and entertainment.


Strategic Direction 17: Create Regional Leadership Initiatives




Background (Global Context)


Regional leadership is centrally important to catalyze and maintain the momentum of regionally-based economic development. Regional leadership should come from the academic, government, and business sectors to encourage public-private cooperation for nurturing creativity and accelerated innovation. The challenge is to develop regional mechanisms and smart leveraged processes and realistic metrics of success for all three sectors.

Current Situation in Armenia


Armenia has declared a top priority on developing the ICT industry as a catalyst for developing other industries. Armenia’s strategy includes taking a regional leadership role in both the development of the ICT industry and applying the successful models to other emerging industries. Armenia intends to focus on innovative education, entrepreneurship, and a collaborative business environment as the underlying strength for leadership in the region.

Target Outcome 17.1: Regional Awareness Program




Actions/Development Plans


17.1.1 Develop sustained information program

  • Create awareness among global and regional leaders, via wide use of the Internet, of the progress and achievements of programs and initiatives contained in this Master Strategy. A program will be developed through the Incubator under the guidance of the Armenian Government to develop a sustained information program that raises that awareness and sustains a flow of achievements that showcase a continued commitment.



Target Outcome 17.2: Regional Cooperation Programs




Actions/Development Plans


17.2.1 Develop collaborative programs

  • Invite regional partner organizations to participate in targeted programs to develop collaborative processes that will provide the framework for a stronger commercial relationship and mutually beneficial competence development. The Advisory Council will be the vehicle for determining the programs best suited for regional collaboration and the resulting exchange.





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