Ethical Economy Business Solutions

The Ethical Economy is a plug and play web 2.0 tool that has been developed for organisations that truly care about their values and wish to involve their key stakeholders in enabling them to achieve and share best ongoing business practice within all aspects of their business activity.

The Ethical Economy offers you the tool to enlist and engage your stakeholders investing in- and sustaining the organisation’s vision, while enabling a continuous dynamic dialogue with them. The Ethical Economy is the only unique dynamic stakeholder-led tool on the market that will give you direct, structured, and measurable feedback on your involvement around your organisation’s value based performance in real time. The feedback is accumulated into one overall performance indicator, making the state of your organisation’s values coherent and quantifiable.

Single Performance Indicator

Organisation opts for which level of stakeholder to have a dialogue with

Integrate it easily onto your organisation’s own website, intranet or extranet, depending on which stakeholders you wish to involve.

Example of the core Ethical Economy engagement element:

Receive four types of structured ongoing input & output:

1. Rate how well the company lives its values This provides you with a quantitative monitoring of the employees perception
2. Employees endorse the company actions they agree with This presents you with an instantaneous reality check: is the company’s focus correct? Are we taking the necessary actions to bring success to this character?
3. Employees are engaged to suggest actions to improve the performance The company sources and engages its employees in the development of the company. Employee created actions feed back onto the site and are filtered by the most endorsed. Employees are profiled across the organisation as value employees. Actions are discussed and perfected.
4. Employees endorse the users’ suggestions The company only needs to respond to the feedback that matters to the majority. Users endorse actions providing a measure of the stakeholder buy-in around potential actions for improvement. The top actions illustrate areas for improvement and can be adopted by the company to improve performance.

Respond and React in Real-time

The Ethical Economy Tool can be used as a time-limited poll or on a continuous basis. Use it as a poll and you will get a snapshot view of how well your organisation is seen to lives its values. Used continuously, Ethical Economy becomes a powerful early-response system that will alert you of key changes in stakeholder sentiments are readily available for management to immediately act upon. Ethical Economy reduces risk through faster reaction to the market and employee sentiments via continuous monitoring, enabling you to avoid potential crises and manage and work through current ones.

Implement the platform to help your organisation in the following core areas:

• Business Ethics & Value alignment
• Corporate Social Responsibility & Corporate Social Opportunity
• Sustainable Business Practices
• Human Resources
• Change Management
• Risk Management & Risk Aversion
• Stakeholder monitoring of corporate performance
• Communication & Branding

More information

For more information on Business Solutions contact Oliver Stewart at ostewart(at)ethicaleconomy(dot)com