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The Advantage of Using Strategic Foresight in Leadership Networking Throughout the Global Gentrification Process

Received: 1 July 2023     Accepted: 18 July 2023     Published: 26 July 2023
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Abstract

Research notes that while gentrification has been established and trendy in the U. S., its influence has traveled beyond U. S. inner cities to locations worldwide. The study reveals that gentrification has been embraced as a global urban strategy, connected to how countries can decrease poverty and increase economic growth in underdeveloped communities. The study has linked this new global urban strategy to what is termed new urbanism. Gentrification has affected the population by revitalizing abandoned houses, commercial buildings, and empty lots in low-income communities. With the introduction of investors, developers, and affluent potential residents eager to invest and purchase, these communities create potential new businesses, jobs, and careers while increasing property value and tax revenue, benefitting the community and its low-income residents, the city, and the population overall. Studies also note that with the revitalization of these communities, they often become welcomed tourist destinations among the broad population. Many studies have demonstrated that well-educated and affluent suburbans are relocating to inner cities, where low-income persons and families have resided for decades. This new segment has increased investment and development by investors and developers of small and global businesses seeking to generate new profits. With these new expansions, studies show that investing and developing leaders are receiving resistance and conflicting with communities’ long-time residents, community leaders, local businesses, and organizations. This resistance is causing developers and investors to lose time and money and receive negative publicity due to protests and negative press. This study will demonstrate a strategic approach that leaders can utilize to address conflict before, during, and after the gentrification process utilizing networking. The article will also address the importance of networking and its use of crystalized communication to dissolve conflicts and issues arising during gentrification with developers, investors, community leaders, and community residents. The article will demonstrate how utilizing strategic foresight will assist leaders in predicting the possibility of these negative encounters and planning in advance for resolutions.

Published in Science Journal of Business and Management (Volume 11, Issue 3)
DOI 10.11648/j.sjbm.20231103.11
Page(s) 104-110
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2023. Published by Science Publishing Group

Keywords

Gentrification, Strategic Foresight, Networking, Crystalized Communication

References
[1] Chris Hamnett & Peter Williams (1980) Social Change in London: A Study of Gentrification, The London Journal, 6: 1, 51-66, DOI: 10.1179/ldn.1980.6.1.51.
[2] Simms, M. (2009). Racial and ethnic disparities among low-income families.
[3] Brummet, Q., & Reed, D. (2019). The effects of gentrification on the well-being and opportunity of original resident adults and children.
[4] Groth, M. (2021, January 25). Gentrification part 1 – establishing a definition and metric. Retrieved from https://nextstl.com/2021/01/gentrification-part-1-establishing-a-definition-and-metric/.
[5] Drew, E. M. (2012). “Listening through White Ears”: Cross-Racial Dialogues as a Strategy to Address the Racial Effects of Gentrification. Journal of Urban Affairs, 34 (1), 99-115.
[6] Richardson, J., Michell, B., and Franco, J. (2019, March 19). Shifting Neighborhoods. Retrieved from https://ncrc.org/gentrification/.
[7] Lees, L., Slater, T. and Wyly, E. (2008) Gentrification. New York: Routledge.
[8] University of michigan law school (2022). The Importance of Civil Rights Litigation. Retrieved from https://www.clearinghouse.net/about.php?s=import.
[9] Weinstein, H. (2015). Fighting for a place to call home: Litigation strategies for challenging gentrification. UCLA L. Rev., 62, 794.
[10] Lisa C. Young, Breaking the Color Line: Zoning and Opportunity in America’s Metropolitan Areas, 8 J. Gender Race & Just. 667, 686 (2005).
[11] Johnson, S. M. (1996). NEPA and SEPA’s in the Quest for Environmental Justice. Loy. LAL Rev., 30, 565.
[12] Emami, S. (2017). Combatting gentrification through community-based lawyering. Journal of Affordable Housing & Community Development Law, 25 (2), 231-240. Retrieved from https://ezproxy.regent.edu/login?url=https://www.proquest.com/trade-journals/combatting-gentrification-through-community-based/docview/1877752540/se-2.
[13] Anti-Defamation League (2020, June 12). The Purpose and Power of Protest. Retrieved from https://www.adl.org/resources/tools-and-strategies/purpose-and-power-protest.
[14] Maharawal, M. (2014). Protest of gentrification and eviction technologies in San Francisco. Progressive Planning, 199, 20-24.
[15] Papen, U. (2012). Commercial discourses, gentrification and citizens’ protest: The linguistic landscape of Prenzlauer Berg, Berlin 1. Journal of Sociolinguistics, 16 (1), 56-80.
[16] Newman, D. and Fikri, K. (2020, May 27). A wave of small business closures could decimate commercial corridors in high-poverty neighborhoods. Retrieved from https://eig.org/a-wave-of-small-business-closures-could-decimate-commercial-corridors-in-high-poverty-neighborhoods/.
[17] Chermack (2011). Scenario Planning in Organizations. Berrett-Koehler Publishers.
[18] Eyes wide open: Embracing uncertainty through scenario planning. (2009, July 22). Knowledge@Wharton.
[19] Lees, L., & Ley, D. (2008). Introduction to Special Issue on Gentrification and Public Policy. Urban Studies, 45 (12), 2379–2384. https://doi.org/10.1177/0042098008097098.
[20] Richards, L (n. d.) Effective Communication Networking. Retrieved from https://smallbusiness.chron.com/effective-communication-networking-5091.html.
[21] Luthra, Dr. (2015). “Effective Leadership is all about Communicating Effectively: Connecting Leadership and Communication”. 5.3. 43-48.
[22] Wolhandler, H. (2017, January 10). 10 Ways Your Content Can Simplify A Complex Issue. Retrieved from https://teamthunderfoot.com/ideas/simple-content-marketing/.
[23] Llopis, G. (2013, May 20). 6 Ways Effective Listening Can Make You A Better Leader. Forbes. Retrieved from https://www.forbes.com/sites/glennllopis/2013/05/20/6-effective-ways-listening-can-make-you-a-better-leader/?sh=4932e29a1756.
[24] Buhler P. M. and Worden, J. D. (2013). The Cost of Poor Communications. Retrieved from https://www.shrm.org/resourcesandtools/hr-topics/behavioral-competencies/communication/pages/the-cost-of-poor-communications.aspx.
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  • APA Style

    Reginald King. (2023). The Advantage of Using Strategic Foresight in Leadership Networking Throughout the Global Gentrification Process. Science Journal of Business and Management, 11(3), 104-110. https://doi.org/10.11648/j.sjbm.20231103.11

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    ACS Style

    Reginald King. The Advantage of Using Strategic Foresight in Leadership Networking Throughout the Global Gentrification Process. Sci. J. Bus. Manag. 2023, 11(3), 104-110. doi: 10.11648/j.sjbm.20231103.11

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    AMA Style

    Reginald King. The Advantage of Using Strategic Foresight in Leadership Networking Throughout the Global Gentrification Process. Sci J Bus Manag. 2023;11(3):104-110. doi: 10.11648/j.sjbm.20231103.11

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  • @article{10.11648/j.sjbm.20231103.11,
      author = {Reginald King},
      title = {The Advantage of Using Strategic Foresight in Leadership Networking Throughout the Global Gentrification Process},
      journal = {Science Journal of Business and Management},
      volume = {11},
      number = {3},
      pages = {104-110},
      doi = {10.11648/j.sjbm.20231103.11},
      url = {https://doi.org/10.11648/j.sjbm.20231103.11},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjbm.20231103.11},
      abstract = {Research notes that while gentrification has been established and trendy in the U. S., its influence has traveled beyond U. S. inner cities to locations worldwide. The study reveals that gentrification has been embraced as a global urban strategy, connected to how countries can decrease poverty and increase economic growth in underdeveloped communities. The study has linked this new global urban strategy to what is termed new urbanism. Gentrification has affected the population by revitalizing abandoned houses, commercial buildings, and empty lots in low-income communities. With the introduction of investors, developers, and affluent potential residents eager to invest and purchase, these communities create potential new businesses, jobs, and careers while increasing property value and tax revenue, benefitting the community and its low-income residents, the city, and the population overall. Studies also note that with the revitalization of these communities, they often become welcomed tourist destinations among the broad population. Many studies have demonstrated that well-educated and affluent suburbans are relocating to inner cities, where low-income persons and families have resided for decades. This new segment has increased investment and development by investors and developers of small and global businesses seeking to generate new profits. With these new expansions, studies show that investing and developing leaders are receiving resistance and conflicting with communities’ long-time residents, community leaders, local businesses, and organizations. This resistance is causing developers and investors to lose time and money and receive negative publicity due to protests and negative press. This study will demonstrate a strategic approach that leaders can utilize to address conflict before, during, and after the gentrification process utilizing networking. The article will also address the importance of networking and its use of crystalized communication to dissolve conflicts and issues arising during gentrification with developers, investors, community leaders, and community residents. The article will demonstrate how utilizing strategic foresight will assist leaders in predicting the possibility of these negative encounters and planning in advance for resolutions.},
     year = {2023}
    }
    

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Author Information
  • Department of Business, Management School of Business, The University of Maryland Global Campus, Maryland, USA

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