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Co-operative
A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise".Statement on the Cooperative Identity.
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Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. Cooperatives may include: * businesses owned and managed by the people who consume th ...
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Retail Co-operative
A consumers' co-operative is an enterprise owned by consumers and managed democratically and that aims at fulfilling the needs and aspirations of its members. Such co-operatives operate within the market system, independently of the state, as a form of mutual aid, oriented toward service rather than pecuniary profit. Consumers' cooperatives often take the form of retail outlets owned and operated by their consumers, such as food co-ops. However, there are many types of consumers' cooperatives, operating in areas such as health care, insurance, housing, utilities and personal finance (including credit unions). In some countries, consumers' cooperatives are known as cooperative retail societies or retail co-ops, though they should not be confused with retailers' cooperatives, whose members are retailers rather than consumers. Consumers' cooperatives may, in turn, form cooperative federations. These may come in the form of cooperative wholesale societies, through which consumers ...
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Consumer Cooperative
A consumers' co-operative is an enterprise owned by consumers and managed democratically and that aims at fulfilling the needs and aspirations of its members. Such co-operatives operate within the market system, independently of the state, as a form of mutual aid, oriented toward service rather than pecuniary profit. Consumers' cooperatives often take the form of retail outlets owned and operated by their consumers, such as food co-ops. However, there are many types of consumers' cooperatives, operating in areas such as health care, insurance, housing, utilities and personal finance (including credit unions). In some countries, consumers' cooperatives are known as cooperative retail societies or retail co-ops, though they should not be confused with retailers' cooperatives, whose members are retailers rather than consumers. Consumers' cooperatives may, in turn, form cooperative federations. These may come in the form of cooperative wholesale societies, through which consumers' ...
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Worker Cooperative
A worker cooperative is a cooperative owned and Workers' self-management, self-managed by its workers. This control may mean a firm where every worker-owner participates in decision-making in a democratic fashion, or it may refer to one in which management is elected by every worker-owner who each have one vote. History Worker cooperatives rose to prominence during the Industrial Revolution as part of the labour movement. As employment moved to industrial areas and job sectors declined, workers began organizing and controlling businesses for themselves. Worker cooperatives were originally sparked by "critical reaction to industrial capitalism and the excesses of the industrial revolution." Some worker cooperatives were designed to "cope with the evils of unbridled capitalism and the insecurities of wage labor". The philosophy that underpinned the cooperative movement stemmed from the socialism, socialist writings of thinkers including Robert Owen and Charles Fourier. Robert Owen ...
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Mondragon Corporation
The Mondragon Corporation is a corporation and federation of worker cooperatives based in the Basque region of Spain. It was founded in the town of Mondragon in 1956 by José María Arizmendiarrieta and a group of his students at a technical college he founded. Its first product was paraffin heaters. It is the seventh-largest Spanish company in terms of asset turnover and the leading business group in the Basque Country. At the end of 2016, it employed 74,117 people in 257 companies and organizations in four areas of activity: finance, industry, retail and knowledge. By 2019, 81,507 people were employed. Mondragon cooperatives operate in accordance with the Statement on the Co-operative Identity maintained by the International Co-operative Alliance. History In 1941, a young Catholic priest, José María Arizmendiarrieta settled in Mondragón, a town with a population of 7,000 that had not yet recovered from the poverty, hunger, exile, and tension of the Spanish Civil Wa ...
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International Cooperative Alliance
The International Co-operative Alliance (ICA) is a non-governmental co-operative federation or, more precisely, a co-operative union representing co-operatives and the co-operative movement worldwide. It was founded in 1895 to unite, represent and serve co-operatives worldwide. The Alliance maintains the internationally recognised definition of a co-operative in the "Statement on the Co-operative Identity". The ICA represents 318 co-operative federations and organisations in 112 countries. The Alliance provides a global voice and forum for knowledge, expertise and co-ordinated action for and about co-operatives. The members of the Alliance are international and national co-operative organisations from all sectors of the economy, including agriculture, banking, consumer, fisheries, health, housing, insurance, and workers. The Alliance has members from 100 countries, representing close to one billion individuals worldwide. Around one hundred million people work for co-operatives glo ...
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International Co-operative Alliance
The International Co-operative Alliance (ICA) is a non-governmental co-operative federation or, more precisely, a co-operative union representing co-operatives and the co-operative movement worldwide. It was founded in 1895 to unite, represent and serve co-operatives worldwide. The Alliance maintains the internationally recognised definition of a co-operative in the "Statement on the Co-operative Identity". The ICA represents 318 co-operative federations and organisations in 112 countries. The Alliance provides a global voice and forum for knowledge, expertise and co-ordinated action for and about co-operatives. The members of the Alliance are international and national co-operative organisations from all sectors of the economy, including agriculture, banking, consumer, fisheries, health, housing, insurance, and workers. The Alliance has members from 100 countries, representing close to one billion individuals worldwide. Around one hundred million people work for co-operatives glo ...
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Coop
Coop, COOP, Co-op, or ''variation'', most often refers to: * A chicken coop or other enclosure * Cooperative or co-operative ("co-op"), an association of persons who cooperate for their mutual social, economic, and cultural benefit ** Housing cooperative, e.g., a co-op apartment in a co-op apartment building ** Building cooperative ** Food cooperative or "food co-op" * Prison, in slang * Cooperative video game, "co-op mode" in video games * Co-operative board game Coop, COOP or Co-op may also refer to: Arts and entertainment * ''Coop! The Music of Bob Cooper'', a 1959 album * ''The Co-op'', a 1980s singer-songwriter cooperative that formed the ''Fast Folk'' musical magazine Fictional characters * Coop (''Charmed''), a fictional character from the television series ''Charmed'' and its franchise. * Cooper Bradshaw, in the soap opera ''Guiding Light'', nicknamed "Coop" * Marissa Cooper, in the television series ''The O.C.'', nicknamed "Coop" * Coop, in the animated televisio ...
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José María Arizmendiarrieta
Father José María Arizmendiarrieta Madariaga ( Marquina-Xemein, Bizkaia, Spain, April 22, 1915 - Mondragon, Gipuzkoa, Spain, November 29, 1976) was a Basque Catholic priest and promoter of the cooperative companies of the Mondragon Corporation, originally located in the Basque Country and currently spread throughout the world. The year 2021 is the second social economy business group in Spain, bringing together ninety-eight cooperatives, eight foundations, one mutual, ten coverage entities and seven international delegations, distributed in four areas: finance, industry, distribution and knowledge. Arizmendiarrieta was a seminarian in Vitoria when the Spanish civil war began in 1936, and consequently he was mobilized by the Basque Government. Due to his knowledge of Basque language, he was assigned to the editor of the new newspaper Eguna, where he remained until the Francisco Franco’s troops entered Bilbao. He was arrested by them, and again mobilized for the Military G ...
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Ethical Consumerism
Ethical consumerism (alternatively called ethical consumption, ethical purchasing, moral purchasing, ethical sourcing, or ethical shopping and also associated with sustainable and green consumerism) is a type of consumer activism based on the concept of dollar voting. People practice it by buying ethically made products that support small-scale manufacturers or local artisans and protect animals and the environment, while boycotting products that exploit children as workers, are tested on animals, or damage the environment. The term "ethical consumer", now used generically, was first popularised by the UK magazine ''Ethical Consumer'', first published in 1989. ''Ethical Consumer'' magazine's key innovation was to produce "ratings tables", inspired by the criteria-based approach of the then-emerging ethical investment movement. ''Ethical Consumers ratings tables awarded companies negative marks (and overall scores, starting in 2005) across a range of ethical and environmental cate ...
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Fenwick Weavers' Society
The Fenwick Weavers' Society was a professional association created in the village of Fenwick, East Ayrshire, Scotland in 1761. In 1769, the society formed a consumer co-operative for the benefit of members. The original purpose of the society was to foster high standards in the weaving craft, but activities later expanded to include collective purchasing of bulk food items and books. The latter resulted in the creation of the Fenwick Library in 1808. This practice of collective purchasing for the benefit of members has led many to consider Fenwick Weavers' Society the first co-operative. The Society was reconvened in March 2008 and has been reconstituted as a co-operative, in legal form as an industrial and provident society, in order to record, collect and commemorate the heritage of the Fenwick Weavers. References *Crawford, John. "The community library in Scottish history." 68th IFLA Council and General Conference, August 18–24, 2002.East Ayrshire Council tourism websi ...
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Feudal
Feudalism, also known as the feudal system, was the combination of the legal, economic, military, cultural and political customs that flourished in Middle Ages, medieval Europe between the 9th and 15th centuries. Broadly defined, it was a way of structuring society around relationships that were derived from the holding of land in exchange for service or labour. Although it is derived from the Latin word ''feodum'' or ''feudum'' (fief), which was used during the Medieval period, the term ''feudalism'' and the system which it describes were not conceived of as a formal political system by the people who lived during the Middle Ages. The classic definition, by François Louis Ganshof (1944),François Louis Ganshof (1944). ''Qu'est-ce que la féodalité''. Translated into English by Philip Grierson as ''Feudalism'', with a foreword by F. M. Stenton, 1st ed.: New York and London, 1952; 2nd ed: 1961; 3rd ed.: 1976. describes a set of reciprocal legal and Medieval warfare, military ...
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Profit Sharing
Profit sharing is various incentive plans introduced by businesses that provide direct or indirect payments to employees that depend on company's profitability in addition to employees' regular salary and bonuses. In publicly traded companies these plans typically amount to allocation of shares to employees. The profit sharing plans are based on predetermined economic sharing rules that define the split of gains between the company as a principal and the employee as an agent.Moffatt, Mike. (2008) About.com Sharing Rule' Economics Glossary; Terms Beginning with S. Accessed June 19, 2008. For example, suppose the profits are x, which might be a random variable. Before knowing the profits, the principal and agent might agree on a sharing rule s(x). Here, the agent will receive s(x) and the principal will receive the residual gain x-s(x). Profit-sharing tends to lead to less conflict and more cooperation between labor and their employers. History Profit sharing has been common amon ...
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