Problems: Conflict of Interest.
Use a marketplace where every item is a wrapped product and must contain every stakeholder's interest
There is a bias towards low cost. But if every item in your market place covers every needs of every stakeholder, you won't fail to meet the requirements of the principal agent problem.
You have to make the marketplace sell wrapped commodities.
Description of idea on Halfbakery
Companies number one purpose is to raise profit for their shareholders. I don't propose this change. Companies don't give a **** about people. This is a potential solution to that.
Due to stakeholder capitalism, a company is expected to:
consider "diversity" consider the "environment" be "living wage payers" be "carbon neutral" provide "excellent customer service" manage employee relations manage supplier relations care for local communities employee perks
My solution to these problems is for the company to be presented with a list of options (and prices) for each of these options and be given access to a computer user interface to make bids and the company puts in an order for the price they are willing to pay to make each problem go away. This is their funding of stakeholder capitalism.
Usually companies will decide to commit a fixed % of profits into stakeholder capitalism goals.
How can a company aim to only produce profit also consider all these waste of times? These cost money.
All these things cost money and frankly, are a waste of time because it's not your core business.
This idea is to save the time used by businesses to implement these things with minimal impact to the 'just make a profit' motivation.
I propose a digital marketplace that sells special instruments which I call "non-core business wrapped instruments".
A business cannot serve multiple masters simultaneously. By representing everything as a marketplace, everyone can get what they want. Community demands, customer demands, employee demands can all be represented as records on a system that can be allocated a cost (inserted by an outsourced company) that the company can decide to pay or not. It can be reviewed by managers. Business process changes can be agreed and would install the relevant business circuitry to make the agreed change.
These are a combination of:
computer programs seat licences (precanned business circuitry, see later paragraph)
digital outsourced contracts for hire and digital catalogue of services potentially rendered
digital labour market
People who care about diversity. People who care about the local community People who care about the environment. Are all the people who should be reviewing company data, generating solutions, doing research and inserting them into a marketplace with a price tag. The company buys these outsourcing services on a digital marketplace which divides each piece of work into a task that the company is buying. (A digital Labour market)
So, if an employee has a matter he wants to resolve with his employer and a corporation has a contract for employee relations, the employee can login to a system with his employee credentials and see what options are available on the market place of resolutions. And also propose his own.
It's a bit like giving an employee a catalogue of things that they can propose to happen with them. Such as requesting holiday.
Business circuitry is the idea that a function of one business can be composed of outsourced companies that operate internally to the corporation. Like a graft of people and digital systems, they are form a circuit within the corporation.
Diversity hiring would be provided by experts who have a review CVs with colour and race blindness and affirmative action quotas. They do all this work for you.
Hiring is a part of a business circuit that can be grafted into a corporation and integrate with systems that drive the hiring and recruitment process.
An environmental instrument would be like a catalogue of sustainable products and services in a catalogue
Customer service is possible to be excellent by integrating as a business circuit into operations of a corporation and the company paying billing customer agents on a labour market, without having to hire anyone or hire a call centre directly.
Say a community has a problem with a bakery corporations lack of bins outside their stores and the litter generated. The community can login to a website and make a petition for bins. This is inserted into the system whereby an outsourced person is assigned to it, reviews it, decides it requires a business change and assigns records for buying bins for every branch and the cost of each, as part of a report that would be read by a manager to make the the business change agreement. The manager only needs to approve the record in the marketplace to action the change in reality. Which is the placing of bins outside stores while the store is open.
This system would create lots of jobs too.
// funds a set of activities or programmes
Hmm. This actually go much deeper than one might anticipate -- activities or programmes -- tend to have all aspects of volition and cognition as well. Will we not require the entire f(x)=y to wrap it? :)
It looks like it's what we'd naturally have by having products on 0oo, because products here are connected to projects, and them with ideas and goals... by buying on 0oo, one would naturally see supply network that one's supporting.
I see every purchase of a product funds a set of activities or programmes, the money must physically go to those areas. That's what I mean by wrapped, you're buying more than just the thing on the shelf, but you're investing in lots of other things too.
A map on the wrapper or a link to the product map is a great idea. I like that.
It makes sense to me, and relates to the idea of consumer price breakdown requirement.
How do you see it implemented? Would displaying the entire supply chain, on the wrapping of the product do it? For example, in case of a food product, -- not just the price, manufacturer and nutrients, -- but the entire story, and how related agents will benefit from my purchase.
I certainly think this information would affect purchasing patterns, but how would you compact that all information onto the products? While we could just add proper QR-codes, leading to web addresses with explanations, people like the convenience of not having to scan every item with their phones. In that case, would some kind of elaborate color-coding for initial screening while strolling or scrolling through marketplaces, do it, or how do you imagine it?