1 . AN EFFECTIVE STRATEGY , BUDGETING
“ We have observed a ready willingness for many of the topranked cities in our study to accept that they may not have all the answers ”
— The Eden Strategy Institute
41 conducted extensive research into the top 50 smart city governments discovering core factors that are considered by leading cities when developing a smart city framework .
1 . AN EFFECTIVE STRATEGY , BUDGETING
“ Developing a smart city vision involves multiple stages : defining the relevant smart city concepts ; designing the planning process ; engaging and drafting approaches with stakeholders ; as well as prioritizing initiatives and crafting the roadmap .”
Within its report the Eden Strategy Institute LLP details six steps for an effective smart city strategy . These include : taking stock of a city ’ s natural strengths and assets , to build the foundations for a smart city vision ; engaging with citizens when it comes to determining the smart goals and areas of development ; encouraging private sector involvement ; identifying focus areas ; establishing a specific criteria for the city in order to prioritise the multiple opportunities available ; and
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