Models of Impact Live! kicked off with a futures theme a few weeks ago. Thank you to everyone that watched via live stream and participated with us on facebook! We had a great time going over our fun methodology for designing business models through the convergence of revenue, impact, and factors of interest.
In this debut episode, we came up with three different business inventions based on the outcome of each role of the die! One roll, two rolls, and three rolls for each subsequent invention round. In order to make use of our colorful 12 sided die, we preselected 12 revenue models, impact models, as well as 12 factors of interest. When practicing at home, you can choose your own models from the glossary as well as number of factors as long as you use die with enough sides to give each model a chance at being considered!
For this episode we chose a futures theme in celebration of the release of our new book, Toward a Preemptive Social Enterprise – a book that explores a history and methodology for building futures oriented business ideas. After every invention workshop, our team puts together a Models of Impact Canvas in order to encapsulate the idea as well as a series of different scenarios, an outline of opportunities, risk, as well as a way to test. Here's what we came up with!
Idea #1 (1-1-1)
Factor of Interest: Virtual Reality
Impact Model: Fair Trade
Idea #2 (2-2-2)
Factors of Interest: Virtual Reality, Drones
Impact Model: Fair Trade, 1 for 1
Revenue Model: Coupons, Event Tickets
Idea #3 (3-3-3)
Factors of Interest: Mars, Drones, Robots
Impact Model: Conscious Sourcing, Percentage Inventory, Social Awareness
Revenue Model: Project flat fee, Sponsorship, E-commerce
After exploring each idea, we go into the details about what opportunities there within each model, what the risks are, and ways to test the idea for rapid validation. Perhaps there is local organization of street performers we can partner with to execute idea #3. The risk may be that self-organized groups often lack the leadership to work with, and thus could pose a problem. One way to test would be to hold a meeting and discuss with the group. Easy!
Stay tuned for our next Models of Impact Live! where we take your ideas and create business models that help the world in meaningful ways and create revenue for sustainability and growth.
Are you interested in business model design workshop for your organization or venture? Our team of strategists are eager to help facilitate an engaging workshop for you and your team! Learn more about Models of Impact here or click below to contact us!