Poor Management ,A Stumbling Stone of Consumer Cooperatives Development

Poor Management ,A Stumbling Stone of Consumer Cooperatives Development

Introduction

According to the book cooperative identity (1998), "the contemporary cooperative movement started in England around the fiftieth century." Before establishing a successful cooperative, many years of experimentation and many unsuccessful efforts were required. The first successful cooperative, named the Rochdale, was founded in 1944 in an industrial area near Manchester. The organisation was formed in accordance with the Friendly Societies Act. 

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The store was founded on October 28th, 1844, although it did not open for business until December 21st, 1944. This cooperative store, which was founded 155 years ago, is still in operation and proper up to the current day.” They began with a rigorous pre-member education programme centered on weekly discussion sessions that lasted many months. They created their rules during these sessions, which they subsequently executed with tenacity of purpose. They took an active and democratic role in the governance of their community.

Everyone purchased one-pound shares and paid cash for their goods at the store, as per their regulations. Their officials were truthful, dedicated, and completely responsible. They maintained meticulous records of all transactions and published their balance sheet quarterly. Their techniques helped them succeed, and they became a model for cooperatives throughout the world.”

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Conclusion

These case studies have shown how broadly the cooperative form may be used and how effective it can be in assisting the poorest and most vulnerable people to get organized. They demonstrate that the cooperative form is reproducible as long as the development process is participatory.

Where there are for-profit alternatives, the examples show that the cooperative structure is better in terms of poverty reduction. When there are no other options, it demonstrates that even a shaky kind of collaboration is preferable than none at all.

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