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An extraordinary award and voter rating that can revitalise your business and provide you with success year after year
Ethical Good Food Awards are about keeping customers for a lifetime. Unlike other awards Ethical Good Food Awards can help your business get ahead of your competitors by ten years in terms of sophistication, size of profits and overall prospects in a matter of weeks. Ethical Good Food Awards are the only customer initiated awards of its kind and for that reason it is the most important accolade any business can gain in a year. Across the UK Ethical Good Food Awards are moderated by Customer Associations® and it covers all UK boroughs and counties. Established in 2005, Ethical Good Food Awards have had a positive impact on more than 4,200 businesses to date, and tremendous appreciation for them by their customers.
Customers are the life blood of your business. Without customers your business will die. It costs the average business 14 times to acquire a new customer in comparison with keeping (retaining) an existing customer. By acquiring and keeping customers for their lifetime your business will flourish and become extra-ordinarily profitable over time. To keep customers for their lifetime (for achieving lifetime loyalty) as a business you will need three key strategies covering short-term, medium-term and long-term loyalty. Ethical Good Food Awards offers all three.
For short-term loyalty, the Happy.Unhappy sticker strip gives your business the ability to be pro-active (detect, intervene and fix dissatisfaction) in preventing customer loss before a customer leaves your premises at the end of each visit.
For medium-term loyalty, there are two distinctive award themes that give a business all around the year coverage. The awards create interaction and participation from customers which in turn creates a sense of belong which is much more powerful than that generated by the average loyalty card scheme. This feeling of belonging or ‘sense of membership’ positively alters the behavioral responsiveness of your customers to you when it comes sticking with you over time.
For long-term loyalty, you will need to transition your customers from ‘member’ to ‘fans’. Just like football clubs, in order to motivate customers (fans) to remain loyal over a long-long term. For this you will need to cement your relationship with them using celebratory functions (as in winning a trophy). We offer you the ability to host two celebratory functions, for each award and in addition the Golden Star Voter rating which is free when you win the two awards.
AWARDS – ACTUAL BENEFITS
1. By instantly gaining customer feed back, you are able to intervene and fix customer relations before a customer leaves your premises. This will help you retain customers for longer than before paving the way for bigger profits for your business in comparison with previous years
2. By involving your customers in the awards programme you are gaining their interaction and interest in the outcome, thereby creating a sense of belonging and continuity of customer loyalty.
3. Their participation in the awards evening will generate a sense of achievement and cement their relationship for an even longer term. The longer they stay loyal the bigger your profit margins and profit volume.
HAPPY UNHAPPY – INSTANT BENEFITS
It offers the quickest way to find out how your customers feel about your service. It uses emotion based icons to help your customers easily translate their experience of your service into useful graphics. It is easily understood by customers. It reduces the time and effort by customers in comparison with all existing forms and systems. It is simple, fun and easy to use – peel and stick. It is significantly cost effective in comparison with all existing forms and systems. More importantly you can gain and react to your customer opinions even before they leave your premises.
Provides a ready infrastructure to harness the power of customer involvement
Ethical Good Food Awards can provide you with a ready infrastructure to harness the power of customer involvement in your business to drive up your profitability. ‘We will help you discover the most valuable but yet undiscovered assets in your business, Mavens. We will then help you build up your business using the power of Mavens to significantly improve your business’s profitability’ – John Cook, Head of CRM
‘We can really help you motivate your customers to do more for you using – Impress Me. This program will facilitate the creation in your customers’ minds the desire to belong and to connect with your business in as much the same way as a football supporter to a football club. Engaging your customers in a meaningful relationship can be very rewarding for you and your customers’ – A Joseph, COO Ethical Business Awards.
Building faithfulness and dedication from customers
Football supporters derive a great deal of excitement and a sense of community from rooting for a team. There is a body of scientific evidence suggesting that for most fans, these ties go much deeper. Five years of research into customer behaviour relating to voting and assessment makes us believe that involving your customers in an awards programme where your customers believe their voting will positively impact your business will hook them in, building faithfulness and dedication from them toward your business. This creates committed and enduring loyalty from your customers providing you the most formidable defense against decline and helping you grow your business rapidly, with sustainable long term success.
Building business performance in the face of adversity
A UK study compared the financial performance of 120 award winning companies that met specific criteria against comparison companies of a similar size. The financial performance was tracked over eleven years. Award winning companies were shown to have experienced a 63% rise in income and a 39% increase in sales when compared to non-winners. The study was conducted by the University of Leicester for the British Quality foundation.
Business ethics can improve your revenue by up to 50%
The Institute of Business Ethics investigated the relationship between ethical commitment and financial performance of 86, FTSE 350 businesses over a four year period. It was found that those companies in the sample with a code of ethics had, over the period 1997-2001, out performed a similar sized group who said they did not have a code. Companies with a code of ethics generated significantly more economic added value (EVA) and market added value (MVA) in the years 1997-2000, than those without codes. Overall their study was able to establish that business ethics does pay and by more than 50% when they compared ROCE (Return on Capital Employed) of ethical and non-ethical (without a code) businesses.



