Cooperatives put people at the heart of their business.
- Apr 4, 2016
- 1 min read
Cooperatives follow a broader set of values than other for-profit businesses where the main aim is to make a profit, cooperatives put communities first. Rather than rewarding outside investors, cooperatives share their profits among their members, which helps to make business sustainable and worthwhile for the member-owners and the community.
Cooperatives share the same 7 International Principles of Cooperation.
Voluntary and Open Membership
Democratic Member Control.
Members' Economic Participation.
Autonomy and Independence.
Education, Training and Information.
Cooperation among Cooperatives.
Concern for Community.
Cooperatives are owned by their members, which can be individuals or groups – and members have an equal say in how their cooperative is run.
Co-operatives are based on the values of self-help, self-responsibility, democracy, equality, equity and solidarity. In the tradition of their founders, co-operative member-owners believe in the ethical values of honesty, openness, social responsibility and caring for others.
As member-owned, member-run and member-
serving business, Clipper City Co-op will empower people to collectively and cooperatively realize their economic aspirations, while strengthening their social structures, while creating their community's future.
Cooperatives can work well in tricky financial times, because they balance the need to be profitable with the needs of their member-owners and the broader interests of the community.
Co-ops help sustain communities and local business practices, through cooperation. Our values, our stories, our future! Some facts about cooperatives around the world. We are not alone! Let's build this together and tell our cooperative story.
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