Kundendemokration
Kundendemokratie, which translates to "customer democracy," is a concept that explores how consumers can exert influence and decision-making power within organizations and the market. It suggests a shift from traditional shareholder-centric models to one where the interests and preferences of customers are prioritized. This can manifest in various ways, from direct participation in product development and company strategy to mechanisms that allow customers to vote on ethical sourcing, sustainability initiatives, or even executive compensation.
The core idea is that by empowering customers, businesses can become more responsive, transparent, and accountable.