Abstract
PurposeThis paper presents best practices of global and local initiatives for social and economic capital development. It introduces the notion of “megacommunities” representing broad multilateral stakeholder groups that work together for the resolutions of large‐scale health, environmental and social problems. The paper also takes a more local view by discussing a few regional and municipal examples of “intelligent communities” at the forefront of the knowledge economy. These mega and intelligent communities are often the first to adopt information and communication technologies (ICT), especially pervasive broadband technologies services, for achieving superior social, human and economic wellbeing. The objective of the paper is to identify common drivers and characteristics of these communities and how they utilize ICT to promote higher‐level growth.Design/methodology/approachThe paper takes the form of a general review. The paper introduces the notions of wellbeing, human, social and economic capital. It presents examples of mega and intelligent communities that represent the best practices in the achievement of wellbeing.FindingsThe review finds that technological empowerment – in particular information and communication technologies (ICT) – is fundamental to integrate mega and intelligent communities for social, human and economic wellbeing. Through the best practice examples presented in this research, ICT is regarded as the key driver for supporting a sustainable economic development at the global, regional and local levels. Through ICT, it is viable (and essential) to establish a global knowledge base, shared and contributed to by a variety of experts and professionals throughout the world in different fields.Research limitations/implicationsThe paper presents examples based on case studies conducted by the authors and based on reviews of the best practice approaches. Based upon the observation of the key success factors and commonalities among the cases, ICT plays an essential role for the sustainable outcomes from the current mega and intelligent community initiatives. Further empirical testing is needed to demonstrate the success factor relationships introduced in this paper.Practical implicationsThe paper raises awareness of relevant initiatives that could be adopted and replicated to facilitate sustainable development.Originality/valueThe value of the paper stems from the link between the macro and micro dimensions of different communities. Using the best practice cases as examples, this paper presents worthy lessons to policy makers, governments, global knowledge management, other practitioners and professionals. In particular, it opens up potential opportunities for more effective and efficient global collaborations through highlighting the role of information and communication technologies in the successful management of community practices.
Subject
Management of Technology and Innovation,Strategy and Management
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