Relevance and potential of co-operative values and principles for family business research and practice

Research output: Contribution to journalArticle

16 Scopus citations

Abstract

Co-operative principles, and values, as defined by the International Co-operative Alliance, have served as the guiding, as well as defining, tenets of co-operative founding and functioning. Co-operatives that have stayed true to these tenets have delivered immense value to their members, as well as their communities and customers. In this paper, I tease out the relevance of these tenets to another kind of organization - the family business. I show that many of the co-operative principles and values are implicitly the foundation of family businesses as well. Recognizing the relevance of value of co-operative principles and values helps in advancing research and practice in family businesses. In addition, the explicit recognition of a somewhat common founding basis between co-operatives and family business also helps in furthering research and practice in the co-operative sector.

Original languageEnglish (US)
Pages (from-to)41-46
Number of pages6
JournalJournal of Co-operative Organization and Management
Volume1
Issue number1
DOIs
StatePublished - Sep 1 2013

Keywords

  • Co-operative principles and values
  • Family business

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