1.7 THE PURPOSE AND MISSION OF PRODUCTSHARE
The Purpose of Productshare is to inspire living in the mindset of infinite abundance by enabling more people to lead healthier, happier and more harmonious lives. We will fulfil our purpose through the Creation of PRODUCTSHARE PBC, a Public Benefit Corporation that completely reimagines electronic commerce as an Impact Economy guided by the values of Conscious Capitalism. The Mission of PRODUCTSHARE (PS) is to share the profit from all e-commerce activities on the platform, equally and transparently, between 3 groups of PS Stakeholders:
- COLLECTIVE OF CO-CREATORS
- CUSTOMER COMMUNITY
- CHARITABLE CAUSES
| Stakeholder Group Name | Group Definition | Ownership Share |
|---|---|---|
This Stakeholder group includes anyone who takes part in the creation of the PS Platform and related products or services. This group consists primarily but is not limited to Company Founders, Employees, Contractors, Advisors, Investors, Suppliers and Strategic Corporate Partners. | 33.33% | |
This group of Stakeholders consists of all PS Platform users and the community they live in, which includes their friends, family, co-workers and anyone else in their extended social networks. Profit- sharing with this group inspires loyalty and builds lasting relationships inside the social environment in which PRODUCTSHARE operates. | 33.33% | |
The Charitable Causes Stakeholder group is a broad group of Stakeholders that includes the non-profit, non- government organizations (NGOs) and initiatives that align with the core mission of PRODUCTSHARE. They also include the Corporate Social Responsibility programs that enhance or positively contribute to society and the environment. | 33.33% |
1.7.1 WHY SHARE PROFIT?
Free enterprise should exist for reasons beyond just making a profit. The true purpose of business is to improve our lives and create value for all stakeholders and society at large. We share our profit to show the world that Product-sharing can transform online retail into a self-propelling force that unites the interests of both businesses and consumers.