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Non-core business functions wrapped instrument digital marketplace

Stakeholder capitalism is impossible
  [vote for,

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.

chronological, Jun 07 2020


       The board still has to sign off on the spend. If this mechanism included a free, good company public rating system, it might push it through the cost benefit analysis.   

       Altruism is that you don't get anything back or even better, hurts.   

       Oh, also... title needs work.
wjt, Jun 07 2020

       Communities choices encourage creative capital. Calling concerns common confers care. Companies chartering consultants, craftspersons cheer commonwealth.
Voice, Jun 07 2020

       Decide! Does demand define distribution? Does deep discernment/discretion drive decision-making? Derive definitions decisively, demonstrating difference (debt denominated dominance / duty driven dispersal).
pocmloc, Jun 07 2020

       [Poc] Presently professionals' positions prerequisite plutocrats impositions. Provision produced perforce principalities presently proves presumably pennypinching people prepare prescribed presents.   

       Perhaps perplexingly, profitability prefers philanthropy.
Voice, Jun 07 2020

       If anyone noticed, I like trying to use marketplaces to solve problems.   

       All the things that people want from companies are impossible while profit is the number 1 goal.   

       There has to be a marketplace that the company wants to use to make non-profit goals come for free. (Free as in effort/time, not cost)
chronological, Jun 07 2020

       There are dinosaurs that slipped through the extinction event.   

       Is plant life the ultimate pattern to emulate, sip nutrients and energy and enjoy slowly growing? The Earth does have rocks and photons in spades.   

       As [8th] usually says in different words, just accept it when the mower comes and takes a cut.
wjt, Jun 08 2020

       This sounds a bit like an extension of what you might call the accreditation industry. I'm picturing consultants coming in to bring organisations up to a certain standard of, say, energy- efficiency accreditation, or health-and-safety accreditation.   

       This already happens to some extent, and one of its effects may be to act as a barrier to entry for new, small organisations. For example, if you're a sole trader, or if you're trying to run a small start-up, then you might not have the bandwidth to engage with the suppliers in the proposed market. On the other hand, I suppose, some kinds of standardisation might reduce the cost and hassle of accreditation, rather as standard market interfaces have reduced the cost of share trading; was that the kind of paradigm you had in mind?
pertinax, Jun 08 2020

       pertinax, you've got it.   

       Those accreditation companies would offer packaged financial instruments on the platform for companies to buy.   

       Their skill is distilled into a simple financial product that companies can buy and suppliers can sell into on a digital marketplace.   

       Companies get to be diversity hiring, environmentally friendly actions embedded into their company by simply buying an instrument.   

       If environmentally friendliness requires a change everywhere in a company, then it's part of a business circuitboard which is grafted into the company.   

       It's a business operating system.
chronological, Jun 08 2020

       kdf, I reorganized the text a little bit. Does it make more sense?
chronological, Jun 08 2020

       Thing 1: All this out-sourcing needs to be organised to start, checked to finish, and paid for; all things which take time, and time = money. Everybody will be so busy with the "paperwork" (physical, digital, whatever...) that no actual work will get done.
Thing 2: Eventually, everyone will out-source everything (becoming "shell companies"), and nobody will actually DO anything (because "we can out-source that"...).
Thing 3 (pet peeve...): Shareholders are the problem! At the simplest level, (external) shareholders simply loan money to a business, to help it start/grow. Why not simply pay back that loan (with interest, of course) when possible?
Imagine if banks ran mortgages the way the sharemarket works? "Your house has doubled in value since you borrowed $400,000 to buy it years ago, so you can pay us back $800,000 plus interest..."
neutrinos_shadow, Jun 08 2020

       The company isn't actually liable for the value of common stock, and the value of preferred stock only matters when dividends are paid out or (par, not market value) when the company is sold. Bonds are debt instruments, preferred and common stock are not.
Voice, Jun 08 2020

       > The company isn't actually liable for the value of common stock   

       Companies are liable to returning value to stockholders. Be it dividends or increasing company value.
chronological, Jun 09 2020


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