Applying the Tri-Sector Mindset

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Now that you have a basic understanding of what the tri-sector mindset is, what comes next?

It’s one thing to understand tri-sector innovation as a get-give concept, but quite another to take that mindset and apply it in a practical way. We like to think of it like this: once you’ve adopted the tri-sector mindset, it’s like putting on a pair of glasses containing a tri-sector lens. You see the world differently, and you begin to apply the tri-sector framework to your problem solving. You begin to see the value in a system where all three sectors contribute to and benefit from the creation of tri-sector business models. But how do you get started?

The first step is expanding the possibilities by looking across all sectors for resources and organizations.

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By being thoughtful in choosing the right resources, and blending them with the right self-interest, we can create tri-sector models that provide benefit, maximize profitability, and advance societal progress. Tri-sector business models not only benefit from the sharing of resources, but are also bolstered by the relationships, making them stronger.

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Business models that leverage tri-sector resources can achieve higher returns and greater impact.

Unlocking and aligning resources expands the range of possibilities for business model designs. Organizations that reuse or repurpose existing resources are likely to get their solutions to market more quickly and are more likely to preserve new funding for other needs. Private organizations with tri-sector innovation embedded into their business models are less likely to require a separate corporate social responsibility department, as this model folds CSR in its organizational DNA. Furthermore, organizations with a current CSR department might be motivated to instead convert to tri-sector business models.

Many organizations are already contributing to and reaping the benefits of tri-sector innovation, and you can read about some of them in the

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Defining the Tri-Sector Mindset⁠

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Tri-Sector Business Models⁠

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