Article Directory :: Business - General Articles

Cast Bread on New Waters to Create More Benefits

By Donald Mitchell

Subscribe to Donald Mitchell's RSS feed using any feed reader!

Republish: EasyPublish
Published: 09Jan2009
Word count: 976
Viewed: 110 time(s)
Bookmark this article using any bookmark manager!
Get Free Content For Your Site

"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 best 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're 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 then knows how to fish, we now have learned that you catch too many wild fish, the potential supply of wild fish declines for everyone. A lot of time is spent 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 do 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 would be better 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 for putting bread onto 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 of these interactions, these fish ponds create several harvests at the same time.

More recently, this fish-pond-as-entertainment concept has been extended to improving human knowledge. Dolphins are known to be 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 the Earthwatch organization, 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 helping 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 is chairman 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

Bookmark this article using any bookmark manager! Subscribe to Donald Mitchell's RSS feed using any feed reader!

EasyPublish™ this article - publishers click here

More articles by Donald Mitchell

Free Report!
Ten Essential Secrets Of Article Marketing ... Grab Your Free
Copy
Now:




We respect your privacy.


Need Content?
Regular Top Quality Content for your Blog, Ezine or Website ...
Delivered Direct,
For Free!

Click For Details



Arts & Entertainment
Automotive
Business - General
Computers & Technology
Finance & Investment
Food & Drink
Health & Fitness
Home & Family
Internet Marketing/Online Business
Legal
Pets & Animals
Politics & Government
Reference & Education
Religion & Faith
Self-Improvement/Motivation
Social
Sports & Recreation
Travel & Leisure
Writing & Speaking

More business articles:

  • Exciting Reasons to Buy New Homes in Sumter SC (Pam Bertrand)
    There is never a better time to buy a new home in Sumter, South Carolina than right now! New construction is on the rise and many investors are purchasing these homes before they are even finished knowing full well that they will realize a profit when the market takes a turn upward.

  • Should I Buy Cubic Zirconia Rings When it Comes To Diamond Engagement Rings? (Mark Etinger)
    You can own diamonds without being rich! Some of the lower carat weights are actually quite inexpensive and will look like a million bucks. Here's how you can get the deal of your life buying diamonds online.

  • Can You Really Be Debt Free Through Debt Consolidation? (Suzy Vanstrusen)
    With the recent economic slump, more people struggle with debt repayment and are in need of help. Is debt consolidation the answer? Can you really count on it to be debt free and enjoy financial stability?

  • Networking Don'ts (Alice Osborn)
    Effective networking takes some preparation so you come off looking like the professional you are. Be strong, be bold and try not to make these mistakes listed in this article.

  • A Simple Means Of Improving Energy Efficiency In Industrial Environments (Mark Farrell)
    Energy efficiency is always a constant worry in todays market. Learn how to reduce energy bills by following the steps in this simple interesting article.

  • Are You Looking For The Perfect Christmas Gift For Your Gamer Lover? (Mark Etinger)
    If you're planning to buy video games for your kids this Holiday Season, check out some used video games and start saving big time!

  • What Is Mask Caller ID And What Can It Do For Me? (Mark Etinger)
    And thanks to caller ID you also can keep my number on your phone for an extended amount of time! Well I don't like this one bit! Instead, I want to change my name to Charlie Horse and I live in Philadelphia PA area code 215.

  • Referral Marketing: A 5 Step System (Mark Holmes)
    Getting referrals from your past and present customers is one of the fastest ways to build your business... and also one of the cheapest. This is five-step referral system can be set up in your business today for nothing. It will have referrals coming in by the end of this working week.

  • Smart Business Expo Tips and Tricks (Alice Osborn)
    Business expos and vendor shows are fantastic ways to meet and interact with your target market in a short amount of time. They can be very effective and worthy of your time and costs if you plan for them well and have reasonable expectations.

  • Do You Need To Buy A Gift For Your Dad This Christmas? (Mark Etinger)
    Holiday season is just around the corner and you've got to get a gift dad. A tie? Pair of socks? Set of golf balls? How about a luxury watch?

We Automatically Distribute Articles
To Thousands Of Publishers And Web Sites:

Submit Article
All content is viewed and used by you at your own risk and we do not warrant the accuracy or reliability of any of the information. The views expressed are those of the individual contributing authors and not necessarily those of this web site, or its owner, Takanomi Limited.
 
Copyright © 2009 Takanomi Ltd. Company no. 5629683. All rights reserved. | Privacy | Legal | Contact Information