Cooperatives

Stephen Wellington's picture

Differences Between Cooperatives and Corporations

Tom Webb of St. Mary's University (and the Masters in Management program) presented a workshop on how cooperative managers need to manage differently from other enterprises.

He began by commenting that cooperators share, in addition to the values and principles, a common view that people are basically good. Corporations are managed by people and so corporations will act as good citizens. However, unlike cooperatives, corporations must deliver a return on investment and the search for profits may cause good people to make bad decisions. However, cooperatives can also make bad decisions.

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