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Co-operative Advantages
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Co-operative Advantages
The greatest advantage the co-ops enjoy is their understanding on the needs of the local community on account of their being
member based organizations
with strong linkages with the community and civil society at large.
Co-operatives are democratically controlled organizations controlled by the elected representatives who do have the potential to
leverage the political considerations and build good relationship with the governments
in promoting the interests of the co-operative institutions.
The core objective of serving the needs of the co-operative community injects the desired spirits and
sense of belongingness
among the members and inspires them to be competitive to survive and progress.
Co-operatives when fully owned and controlled by members acquire enough
flexibility in controlling the costs
on account of the value based management practices soaked with the modest aspirations of the members
Enlightened membership and committed leadership
coupled with
knowledgeable and experienced professionals/managers
can position the co-operatives at enviable position in the market
Cooperative values and their ethical business practices address the issue of
corporate social responsibility
and if
publicized well
could add value to the
co-op brand image
attributing to an assured success of the co-operative enterprise in any form of economic system.
Co-operative
solidarity factor
if capitalized in trade promotion could swiftly connect the business from local to global level.
Classic
federal character
of cooperative institutions is a vital aspect in bringing effective governance thereby removing market imperfections.
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