Remember Me
forgot your password?

Cast Your Bread on New Waters to Create More Benefits

"Cast thy bread upon the waters; for thou shalt find it after many days."

-- Ecclesiastes 11:1

If you feed the future's potential for imagining and creating new harvests with the seeds contained in the fruits of the present, you can create new plenty where there is none today. In each case, you will do better when you abandon the outmoded ways as rapidly as possible in order to have more time and resources for creating and reaping future harvests.

Every business person has seen dwindling results follow from continuing down the same business model paths. At the same time, most have seen well-intended, costly efforts to build a better future business model fail to meet their objectives. You are in trouble if you don't change, and can get into even more trouble when you do change. What's a reasonable person to do?

The solution for new business model building is to pursue directions that offer many potential ways to gain. As a result, your downside risk can be that you simply end up with a less than optimal benefit, but one that leaves you ahead of where you are today. To reduce or eliminate the risk of losing ground requires focusing on new business models that add to your potential influence over business success, add to your skills and knowledge about how to do this, and get more people involved in making your business models successful.

Let's look at this question in terms of the advice that many give that you should teach a person to fish, rather than giving a fish, if you want to help more. But that's not really enough. It's just a way station.

When everyone knows how to fish, the potential supply of wild fish declines for everyone. A lot of time is wasted on unproductive fishing, as well.

Ultimately, fish becomes a dietary plague. Did you know that indentured servants in the United States from Ireland in the 19th century often negotiated for a limit on how many times a week they were served salmon, as one of the few rights they had? Otherwise, some masters would have served the then inexpensive salmon at every meal during the days when salmon ran thick in all of the coastal rivers of the eastern United States.

Let's apply this issue about harvesting resources to a business. If a business views getting fish as its objective, the same limitations occur. Organization will prosper most which learn how to fish for new, improved business models, that perpetually expand the supply of increasingly appealing, easily captured fish by using the new business models That's the ultimate fishing lesson!

You might think of this as the transition from one-time charity to helping people establish their own organic fish farms raising unique types of fish.

As important as that lesson about creating capabilities is, an even more important one is to help others learn how to create many other kinds of harvests, where none exist today. Think of this as beginning with an organic fish farm, and transforming it into a more productive entity, only one of whose offerings is fish.

Businesses can accomplish the same thing by creating multiple benefits from implementing the same activity in new, improved business models.

For example, many fish farms were begun in ancient times by throwing decaying, excess, and unappealing food and vegetation into small ponds that had been stocked with fish. The fish became a storehouse for those surplus calories in a form where they would not deteriorate until needed, during the times of the year when other sources of food and vegetation were scarce.

But you can get more than one harvest from a fish pond. On Kauai in the Hawaiian Islands, such ponds have also become an attraction at some tourist resorts. The fish are fed bread while the tourists eat their meals on adjacent lanais, helping to attract a larger turnout for the restaurant. In addition, the tourists enjoy throwing their excess food to the fish, as well, which reduces the labor and cost of feeding the fish.

Some might think that this bread should be fed to people, but the bread has been returned from diners' tables uneaten and should not be redistributed due to health regulations. So, the uneaten, served bread goes into the fish ponds . . . or into the dumpster!

The resorts sometimes loan fishing poles that allow putting bread on barbless hooks so that youngsters can try their hand at capturing and releasing the well-fed, tame fish. Children who have visited these resorts make a strong case for their parents taking them back on subsequent trips to either stay or eat there.

Undoubtedly, all those fish eventually find their way onto someone's plate as well. As a result, these fish ponds create several harvests at the same time.

More recently, this fish-pond-as-entertainment concept has been applied to improving human knowledge. Dolphins are very bright, and researchers know that humans love dolphins. Putting those two elements together, dolphin researchers on Oahu in Hawaii began developing experiments where volunteers with minimal training could help with conducting educational experiments with dolphins.

Many of these experiments involved teaching dolphins language, and required long periods of immersion in dolphin pools flashing signals and signs. Through Earthwatch, volunteers not only worked on the experiments, they also paid their own transportation and living expenses and contributed a fair share of the experiments' costs too! In the process, knowledge and fun were expanded while also boosting the local tourist industry in Honolulu.

How can you develop a larger set of benefits from each thing that your organization does?

Copyright 2009 Donald W. Mitchell, All Rights Reserved

Donald Mitchell

Donald Mitchell is CEO of Mitchell and Company, a strategy and financial consulting firm in Weston, MA. He is coauthor of seven books including Adventures of an Optimist, The 2,000 Percent Solution, and The Ultimate Competitive Advantage. You can find free tips for accomplishing 20 times more by registering at:
www.fastforward400.com

Rate this Article: 0 / 5 stars - 0 vote(s)
Print Email Re-Publish

Add new Comment



Captcha

  • Latest Business Articles
  • More from Donald Mitchell

The best way to clean industrial buildings

By: Martinapp | 12/11/2009
A correct and proper cleaning of industrial buildings can be vital to your business. Having premises that look clean and impressive is an excellent way of attracting new customers and retaining existing clients.

Government-records.com Scam

By: Shanna Ohmes | 12/11/2009
government-records.com scam Criminal records, court records, speeding tickets, marriage records, etc are all recorded to public offices. While all this information is supposed to be publicly accessible, it is not free. There is usually a pretty large fee for every record you want to access.

Government-records.com Scam

By: Shanna Ohmes | 12/11/2009
Government-records.com Scam

Government-Records.com Complaints

By: Shanna Ohmes | 12/11/2009
Government-Records.com Complaints

Reverse Phone Detective Complaints

By: Shanna Ohmes | 12/11/2009
Reverse Phone Detective Complaints

Reverse Phone Detective Scam

By: Shanna Ohmes | 12/11/2009
Reverse Phone Detective Scam

Biological Safety Cabinets - Look Into The Classes To Notice

By: Agustin Steele | 12/11/2009
Biological safety cabinets are made in order to help facilitate the needs of cleanrooms. Under this industrial structure, you will discover three groups. In this article, you will notice out more about the designs and processes inside these cleanroom systems.

Jet Grouting is a Vital Tool for Soil Stabilization

By: William Hauselburg | 12/11/2009
Jet grouting, also occasionally referred to as jet mixing, is an industrial method of grouting which uses high pressure techniques to mix, replace, erode and cement soils. Jet Grouting involves using a large drill with directional nozzles to drill into the soil and mix in the grouting. After the mixture sets, this creates a solid horizontal column. These columns can have a diameter of between two and six feet. Jet Grouting – From Basic to Specialized Methods The most common method of je

Before Your Market Becomes Unattractive, Take Your Assets and Go

By: Donald Mitchell | 11/01/2009 | Business
Sometimes markets decline and just get worse. This article looks at how to respond when that happens by taking your capital and moving to a better market, much as a venture capitalist would.

Dig in Your Sandbox -- Your Industry is Full of Excellent Opportunities Everyone Has Overlooked

By: Donald Mitchell | 11/01/2009 | Business
Companies want to grow faster and always imagine that areas they haven't explored are full of better opportunities than where they are. The truth is usually the opposite. This article explores the missing opportunities at toymaker Hasbro.

Genetifcally Engineer New Hybrid Business Models That Deliver More Stakeholder Benefits

By: Donald Mitchell | 10/01/2009 | Business
Using genetic engineering, scientists can take qualities of a weed for hardiness and transfer those strengths into a food crop. In the same way, you can genetically engineer your business model by adding on all of the attractive qualities of complementary business models. If you combine enough business models, you'll have an amazing advantage that will deliver myriads of benefits to large numbers of people.

Increase Profits and Growth by Adding Knowledge for Your Stakeholders

By: Donald Mitchell | 09/01/2009 | Business
Most strategies call for being smart, efficient, and effective. Expand the timeline for delivering those qualities, and you see that improving the knowledge and opportunities of stakeholders is critical to long-term success. This article looks at examples of how this principle has been applied.

Check on Your Strategy, or be Chucked Out by Customers

By: Donald Mitchell | 09/01/2009 | Business
Companies won't succeed during a downturn by simply spending less with the old strategy: They need to shift to a better strategy. Here are questions to make that transition easier and more successful.

Cast Your Bread on New Waters to Create More Benefits

By: Donald Mitchell | 09/01/2009 | Business
Business models can be adjusted to provide new types of benefits to more stakeholders. In the process, the value of the business model expands and social benefit, as well as organizational success, increases.

Avoid the Wrong Leadership and Sprint to Business Victory

By: Donald Mitchell | 09/01/2009 | Business
What are the ways that you as a leader can ensure or destroy business success? You probably don't realize that most things you do don't make a difference. In this article, you will find some common self-sabotage problems that leaders bring on themselves and how you can avoid those mistakes.

The Many Advantages of Maximizing Natural Business Growth

By: Donald Mitchell | 07/01/2009 | Business
Growth can occur naturally . . . or it can be forced by using bad methods. This article suggests abandoning the forced methods that have led to the current global recession in favor of using natural growth opportunities to succeed.

Submit Your Articles Free: Signup
Article Categories




Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2008 Free Articles by ArticlesBase.com, All rights reserved. (0.30, 6, w1)