Read post on LinkedIn: https://www.linkedin.com/today/post/article/20140807102146-208872460-robin-hood-values-the-collective-gains-formula?published=t Lately I’ve been deliberating over the ideal formula to ‘mutual benefits’ i.e. what’s the ideal win-win situation in this volatile economy? I’ve had to become an optimist faced with many challenges recently, which has led me to wonder how one could achieve that ‘Robin Hood’ principle – i.e. distributing acquired ‘wealth’ [learning & knowledge] amongst us [resource deprived]. I have thought considerably over the past few days about ‘collective gains’ – let’s face it we simply cannot do business on our own! There has to be a mutual ground where the sharing of knowledge (e.g. via blogs, member groups, virtual seminars etc.) meets with fearless and collaborative consideration accordingly enabling all parties involved to make profitable advances (i.e. higher sales, better service, brand loyalty etc.) from which the consumer, producer, supplier benefit and where ‘collaborative consideration’ is that choice and decision to work with unfamiliar territory (products or services). In other words, what my business is or is not doing well may be the strength of another and an opportunity for advancing my firm as well as theirs. So how do we achieve this legendary ‘Robin Hood’ acquisition and distribution formula? In the business and education world, the fear of competitor advances over your progress is inevitable especially in a volatile economy – it’s a ‘dog eat dog’ world [economic climate]. The principle of the fabled Mr Hood was to ‘rob soldiers and convoys that passed through the forest, then distribute the stolen wealth among the poor’. In my view if we were to take what I believe is the ‘Collective Gains’ Formula: Considerate Thinking + Courageous Leadership + Collaborative Wisdom = Continuous Proceeds we could potentially create a wealth of knowledge or returns and where the limitations of ‘continuous proceeds’ could really only be the end life of a product or relationship. Take for example, an inventor he/she designs a product [considerate thinking] he/she takes this product to a leading manufacturer [courageous leadership] and together they develop the idea (e.g. prototype) and create a product [collaborative wisdom] they then market and sell the product following a successful campaign [continuous proceeds] i.e. sales and profits. If the inventor were to act on his/her own, it may take years before the product is actually conceived i.e. via patents etc. so why aren’t we nurturing enough? What’s the danger or fear in harnessing an idea someone else has but you have the capacity to make a reality? Without the manufacturer the student may never conceive the product and we may all lose out on a vital or crucial product or the inventor on his/her livelihood… yes, of course in reality there will be a heap of red tape, negotiation and agreements to consider; however there is certainly an opportunity here for the key players (large corporates [Robin Hoods]) to engage with the (individual, small business, school etc. [poor]) to embrace a collective gains vision resulting in continuous progress (innovation etc.) and proceeds (profits, results etc). Here all parties involved benefit mutually: the inventor, the producer and the consumer. Indeed, in reality everything we do in the business world is subject to review and development. However when I hear the phrase “I know a man who can…” I wonder why it is just ‘know’ and not ‘work with’? Perhaps an opportunity missed? What are your thoughts? Image source: http://www.superbwallpapers.com/tv-shows/oliver-queen-arrow-20304/
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