The global pandemic has hit island economies hard. Recovery calls for tough decisions; reinvention demands smart solutions.
A comprehensive action plan is key for such an economic recovery and reinvention; a plan that builds on unique island strengths in a practical and inclusive way.
Let us help you develop this plan through our 360° Impact Model – based on our vast island experience and delivered through advisory firm Island Innovation. The objective: to go from surviving to thriving.
The Urgency to Act
for Island Economies:
- A dramatic fall in tourism revenue.
- A continued dependency on food and energy imports.
- A risk to the social cohesion of local communities.
- A continued challenge to have access to finance.
- Unique moment in time to implement innovative ideas.
Deciding what actions to take is key → the 360º Impact Model
The 360° Impact Model was designed by a group of island experts to develop action plans for reinventing island economies. It is a structured, interactive, and inclusive process of island stakeholder engagements. It helps prioritize decisions to solve the biggest challenges and tap into feasible opportunities. These decisions mean action: from bottom-up (tactical) interventions to top-down (strategic) policy measures. Depending on the DNA and USP of the island, the set of actions will vary – from tourism to energy to biodiversity to education – to form a coherent whole that takes into account existing initiatives and the Sustainable Development Goals (SDGs).
The 360° Impact action planning engagement is offered by a team of experienced island experts. Where needed they can also tap into a vast network of specialists and relevant cases.
Founding Partner, Island Impact
Founder of 360º of Innovation Foundation & Island Impact
Founder, Island Innovation
Countless Combinations by taking a 360º Perspective
The 360° Impact Model consists of three discs that can ‘rotate’ to expose a multitude of combinations of action areas. Our team will guide you and your stakeholders through the different steps in the process in order to turn the best combinations of actions for your island into a clear action plan.
The ‘Core Disc’ is at the center and addresses the identity and unique selling proposition (USP) of the island’s economy. Together we will ensure clarity and agreement on fundamental insights such as What are your core values? What do you (want to) stand for? What makes you unique? What uniqueness can be leveraged?
2. Driving Forces
The ‘Drivers Disc’ includes all stakeholder groups that influence the economy. Since any solution needs to be inclusive, it uses a triple helix perspective. It surfaces answers to key questions such as What role does X play? How can X contribute? What’s in it for X? How can X collaborate and join forces with Y?
3. Impact Areas
The ‘Impacts Disc’ includes the areas that can be leveraged for most impact and benefit. It is aligned with the SDGs grouped into the 5 P’s of Sustainable Development. In short, it revolves around: What are the opportunities? What should we focus on? Which actions bring most impact? How do we overcome obstacles?
The three discs of the 360° Impact Model do not turn in isolation. Throughout the process, it considers internal and external factors. The internal factors are based on a top-10 list of prerequisites such as political will, adequate resources and constructive mindset. At the same time, there are global trends – external factors – that can be leveraged of which the 10 most promising ones will be taken into account, from digitalization to renewable energy to indigenous knowledge.
Examples of our relevant work supporting islands
How we will engage with you
Based on an initial conversation, the team will design and propose a 360° Impact program that fits your specific needs and desired outcomes. The engagement can consist of a combination of interviews, brainstorms, workshops, and other interactive modules. It will leverage your input, case studies, lessons learned and similar island experiences elsewhere. The engagement will result in an action- and implementation plan that is inclusive in terms of stakeholders, feasible in terms of resources and coherent in terms of leveraging a combination of the most important promising opportunities. It will include clear overview of smart goals, tasks, timelines and accountabilities linked to the overall goals.