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Free Market Fusion is how entrepreneurs and nonprofit organizations
can converge to identify and create both new enterprises and innovative
business solutions.
Free
Market Fusion is both a process and its result. It is a process
that creates new products, services, or solutions and is associated
with new or highly modified management concepts and organizational
goals. Entire industries or portions of them can be involved, and
the mix of participants can range widely. Although Free Market Fusion
may result in the formation of new enterprises, typically at the
outset existing organizations are the creators. Also, there is typically
a background of significant common need, concern, or opportunity
relative to the entities involved that generates support for resolution.

In
the Free Market Fusion process, each entity contributes its particular
strengths to the project. For example, in a partnership between
an entrepreneurial group or individual and an institution, the entrepreneur
can contribute the initial innovative idea as well as technological
and marketing expertise, significant risk assumption, and free market
disciplines such as accountability to shareholders and competitive
strategy. The institution can contribute staff resources, physical
facilities, familiarity with the existing market, credibility, and
stature.
Depending
on the parties, some of the roles might be reversed. However, the
purpose of the partnership is always to enable both parties to accomplish
goals each would find difficult to attain alone -- to create a new
solution where seemingly there was none.
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