Tribute to Plymouth & South West Co-operative Society
Plymouth & South West Co-operative Society merged with The Co-operative Group on September 6th 2009.
- For more information visit The Co-operative Group corporate website.
Supermarket, Co-operative success
If cooperatives/mutuals succeed, that success may reflect not the characteristics of the co-op/mutual form itself but the existence of a long term regulated competitive environment that created the space and margins which allowed them to adopt welfare objectives different from those of profit maximising competitors.
In the absence of a clear efficiency advantage, mutual building societies, for example, would need to work in a manner substantially similar to banks and mutual life insurers similarly to Plc life insurers: "Only if mutuals have a substantial retro sweets efficiency advantage compared with their Plc competitor groups are they able to set objectives significantly different from their Plc competitors.
In the absence of this, competitive pressures force a convergence of behaviour and remove the major behavioural distinctions between mutuality and banks".
From this point of view, competition and narrow margins are inimical to the mutual form because they erode developmental differences.
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Address:
Email: contact@plymco.co.uk Competition Commission Market
In the final year of the 20th century, cooperatives banded together to establish a number of social enterprise agencies which have moved to adopt the multi-stakeholder cooperative model. In the last 15 years (1994–2009) the EU and its member nations, have gradually revised national accounting systems to "make visible" the increasingly successful contribution of social economy organizations.
A cooperative is a business organization owned and operated by a group of individuals for their mutual benefit. Cooperatives are defined by the International Cooperative Alliance's Statement on the Cooperative Identity as autonomous associations of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through jointly owned and democratically controlled enterprises. A cooperative may also be defined as a business owned and controlled equally by the people who use its services or by the people who work there. Cooperative enterprises are the focus of study in the field of cooperative economics. The concept is not without its problems.
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Tribute to Plymouth & South West Co-operative Society | Email: contact@plymco.co.uk | Plymouth & South West Co-operative Society merged with The Co-operative Group on September 6th 2009 | For more information visit The Co-operative Group corporate website.