BA 211 Study Guide - Quiz Guide: Best Western, Protection Mechanism, Sports Equipment
Document Summary
A cooperative is a private business organization voluntarily formed and ran by members to cater for their economic and social needs. Cooperative consists of several people who come to work together. Cooperatives are based on values of self-help, self-responsibility, democracy, equality, equity and solidarity. Cooperative organisations are based on several fundamental conditions: existing problems and constraints which cannot be solved individually. It is essential for successful work that s/he be reliable and have charisma. At the congress of the international cooperative alliance in manchester in 1995, seven principles of cooperatives were agreed by which cooperatives put their values into practice: 1st principle: voluntary and open membership: cooperatives are voluntary organisations open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial political. or religious discrimination. 2nd principle: democratic member control: cooperatives are democratic organisations controlled by their members, who actively participate in setting their policies and making decisions.
