Macro Meso Micro MicroMicro View Michael L Cook University of Missouri The Journey A Very Brief Overview of Micro Life Cycle Some Basics A Brief Overview of Micro Cycle Introduction of Ownership Costs ID: 594152
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Slide1
The Life Cycle FrameworkMacro – Meso – Micro – Micro/Micro View
Michael L. Cook
University of MissouriSlide2
The JourneyA Very Brief Overview of Micro Life CycleSome BasicsA Brief
Overview of Micro Cycle (Introduction of Ownership Costs)
Evolution of the Framework
Finally
– An Overview of the Micro Life Cycle
A Brief Summary of the Life Cycle FrameworkSlide3
The Micro Life Cycle FrameworkA Very Brief Overview Slide4
Health of Cooperative
Time
FOB HealthSlide5
FOB HealthHow do you measure cooperative health?How do you measure performance?
Is there a difference?Slide6
FOB LifecycleSlide7
FOB Lifecycle
Health of Cooperative
TimeSlide8
P1
Phase 1 = Economic Justification
Health of Cooperative
Time
FOB LifecycleSlide9
FOB LifecycleWhy formed?Slide10
Phase 1: Economic JustificationMarket failure?Scale economics?Social capital?
Multiple rent extraction?Slide11
FOB Lifecycle
P2
Phase 2 = Organizational Design
Health of Cooperative
TimeSlide12
Phase 2: Organizational DesignWho can be a member?Who/how is risk capital acquired?Who has residual claim rights?
Who has residual control rights?
Sanctions - EnforcementSlide13
FOB Lifecycle
P3
Phase 3 = Growth–Glory–Heterogeneity
Health of Cooperative
TimeSlide14
Phase 3: Growth—Glory—Heterogeneity Over time do we observe:Disproportionate equity allocations?
Patron drift?
Patron-membership growth?Slide15
Phase 3: Growth—Glory—Heterogeneity Cont.
Substitution temptation?
Diversification exacerbating differences?
Cross subsidization?Slide16
FOB Lifecycle
P4
Phase 4 = Recognition and Introspection
Health of Cooperative
TimeSlide17
Phase 4: Recognition and IntrospectionFactions?Apathy?
Crisis?
Identification?
Introspection?Slide18
Reinvent
Tinker
Exit
P5
Phase 5 = Choice
Health of Cooperative
Time
Spawn
FOB LifecycleSlide19
Phase 5: ChoicesTinker?Reinvent?Spawn?Exit?Slide20
Health of Cooperative
Time
Iterative Life Cycle HypothesisSlide21
Some BasicsSlide22
Concepts of InterestFrameworkDiagnosisPath DependencyTransformationCollective Goods
Anti CommonsSlide23
Samuelson’s Classification
(1954)
Musgrave’s Classification
(1959)
One Person’s Consumption Subtracts from Total Available
to Others
One Person’s Consumption
Does Not Subtract from Total Available to Others
(
Jointness
of Consumption)Exclusion is FeasiblePrivate Goods
Club
Goods
(
toll goods
)
Exclusion in Not Feasible
Common Pool Resources
Public Goods
Ostrom,
Elinor
(2003) ‘How Types of Goods and Property Rights Jointly Affect Collective Action’,
Journal of Theoretical Politics
15(3): 239-270Ostrom’s Classification of Collective GoodsSlide24
Important Differences / SimilaritiesStarting vs. MaintainingMarketing vs. Supply vs. ServiceMultipurpose vs. Single PurposeSpatial (Local – Regional – National)
Patron Controlled (PCB)
Farmer Owned Business (FOB)
Producer Owned Business (POB)
Cooperative (Patron Owned and Controlled)Slide25
FrameworkExtension of the Farm?A Separate Firm?Slide26
Cooperative HealthFinancialNon-Cooperative Financial, but H.H. FinancialLeaders PerceptionCommunitySocial CapitalSlide27
Cooperative Health (Recent Survey)FinancialReturn on EquityReturn on Investment minus Member Opportunity Cost of Capital
Return on Assets
Non-Financial (Reduced from Industry)
Competitive Position in Industry
Overall Profitability (cooperative to member)
Member Satisfaction
Ability to Achieve
V
ision
Overall PerformanceSlide28
Graduate Institute of Cooperative Leadership (GICL)
A Collaborative Research / Outreach Experience Slide29
Life Cycle TypologyMacroMesoMicroMicro/Micro
Micro/Micro
Micro
Meso
Macro
Links
Human Dimension
Organizational Dimension
Enabling EnvironmentSlide30
Life Cycle TypologySlide31
Life Cycle Typology