Cooperative and organization management Chapter

Cooperative and organization management Chapter
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Cooperative and organization management Chapter 1:Introduction 1.1. Concept of cooperatives A cooperative is an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations

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Cooperative and organization management<br>
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Chapter 1:Introduction 1.1. Concept of cooperatives

“ A cooperative 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”.
The word cooperative is derived from the word cooperate
means to work or act together or jointly for a common purpose or benefit.<br>
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In this definition, the following points highlight the unique characteristics required for an enterprise to be classified as a cooperative enterprise:
Autonomous - Independence and organization base of the enterprise;
Volunteerism - Open membership;
Common needs – People come together to fulfil a mutual need;
Ownership - Members are owners (not merely customers or workers) of the enterprise and should invest wisely in its growth;
Democratic control - Each member is given a single vote regardless of contribution/wealth;
Enterprise - A cooperative is not only an association of people, but also a business enterprise.<br>