Genetifcally Engineer New Hybrid Business Models That Deliver More Stakeholder Benefits

Most people try to improve what they do byscientific research with dolphins described above
working on one element at a time. When itcould be combined and transported into rural parts
comes to creating more benefits forof underdeveloped and developing countries.
stakeholders, a better approach is to combineThis business model would probably require a
many complementary improvements by buildingpartnership among community leaders, scientists,
on what other highly successful organizations haveEarthwatch, lenders willing to help start
done in other fields. Let's consider three cases:Grameen-style banks to establish infrastructure,
1. Some Hawaiian resorts keep fish pools thatand the local tourism providers.
attract tourists, provide a place to entertainWhile in the rural communities, tourists could work
diners, allow children to learn to fish, and are kepton interesting scientific experiments, share their
stocked by feeding fish with stale bread sentpractical knowledge with local people through
back from diners' tables.translators and educators in the community,
2. Earthwatch helps scientists performconsider investing in local versions of Grameen
experiments by asking volunteers to give of theirbanks and projects, and develop knowledge useful
time and money. When a scientist makes thefor the tourists to use in creating new markets
tasks interesting and puts them in an attractivefor local products and services after they leave.
location, volunteers stand in line to help.Although this kind of experience would not be
3. The Grameen Bank in Bangladesh has helpedappealing to every tourist, many would find that it
eliminate poverty by providing low-cost,combined all of the appeal of a safe Peace Corps
small-value loans and teaching its savers andassignment, an Earthwatch experiment, and a
borrowers how to live more fruitful lives and tovacation without the need for excessive time and
start businesses.economic commitments. Each involved person
With all of these ways to cast bread upon thecould become richer in both human and economic
waters and build a better tomorrow for all, youterms, as a result of the process. For those who
can see that there exist many opportunities towanted to, there could still be an opportunity for
create hybrid business models from theseplenty of recreation time by extending the
successes. Consequently, these new businessvacation's length after the intense involvement
models will ensure even richer and higher qualitywas over.
harvests by expanding the community of thoseWhat can you draw from other successful
who can imagine better ways to create them.business models that are complementary to your
As an example of what's possible, theown?
Hawaiian-style combination of tourism andCopyright 2009 Donald W.