Building Innovative, Local Economies...
Prosperity For Rural America
“Innovation is the specific instrument of entrepreneurship. It is the act that endows resources with a new capacity to create wealth. Innovation, indeed, creates a resource. There is no such thing as a ‘resource’ until man finds a use for something in nature and thus endows it with economic value. Until then, every plant is a weed and every mineral just another rock.”
― Peter F. Drucker, Innovation and Entrepreneurship
In my last post, it was suggested that a prosperous future for Rural America is dependent on building innovative local economies; economies capable of answering the challenges of accelerating change and global competition. Additionally, a number of resources were recommended for how to build and maintain such innovative economies.
This post features a video explaining the Business Model Canvas; a tool created by Alex Osterwalder. It provides a general understanding of what a business model is and how it can be used to analyze and improve your business/organization.
For more on the Business Model Canvas checkout http://www.businessmodelgeneration.com/canvas/bmc
Rural Economies & Business Model Innovation
The BMC (Business Model Canvas) provides stakeholders in rural communities a practical tool to understand and develop better business models whether in the private or public sector. It provides a breakdown framework for exploring opportunities and creating innovations to operate a more successful business; innovations that lead to more prosperous local economies.
Questions to Consider
Using the BMC, what does your business model look like?
Looking at each of the 9 building blocks of your business/organization, what is working well? What is producing the results you want?
How can you improve your business model to get better results?
Through the Strategic Partnering Program we help businesses and organizations in rural communities build better and more prosperous business models. Find out how we can help you and your organization get the results you want.
Email us today: firstname.lastname@example.org
The Silver Creek Economy blog is sponsored by Partnering Technologies, an Arizona-based Learning & Development Company. Their focus is helping rural communities across America and throughout the world build and maintain prosperous, thriving local economies through the systematic application of innovation principles and methodologies. Its founder is Jim Sanderson. Contact him at madison85937@yahoo.