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    Cooperatives

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    Mikaela Loredo
    Cooperatives are organizations jointly owned and democratically controlled by their members. Members join cooperatives to achieve common objectives like obtaining goods, services, or financial benefits. Key principles include user-owner control through a elected board, and distributing any profits back to member-users. Common types include consumer cooperatives providing goods, credit cooperatives providing financial services, and producer or agricultural cooperatives helping members with production and sales.

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    Cooperatives

    Uploaded by

    Mikaela Loredo
    2 views2 pages
    Cooperatives are organizations jointly owned and democratically controlled by their members. Members join cooperatives to achieve common objectives like obtaining goods, services, or financial benefits. Key principles include user-owner control through a elected board, and distributing any profits back to member-users. Common types include consumer cooperatives providing goods, credit cooperatives providing financial services, and producer or agricultural cooperatives helping members with production and sales.

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    Cooperatives are organizations jointly owned and democratically controlled by their members. Members join cooperatives to achieve common objectives like obtaining goods, services, or financial benefits. Key principles include user-owner control through a elected board, and distributing any profits back to member-users. Common types include consumer cooperatives providing goods, credit cooperatives providing financial services, and producer or agricultural cooperatives helping members with production and sales.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    2 views2 pages

    Cooperatives

    Uploaded by

    Mikaela Loredo
    Cooperatives are organizations jointly owned and democratically controlled by their members. Members join cooperatives to achieve common objectives like obtaining goods, services, or financial benefits. Key principles include user-owner control through a elected board, and distributing any profits back to member-users. Common types include consumer cooperatives providing goods, credit cooperatives providing financial services, and producer or agricultural cooperatives helping members with production and sales.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Cooperatives

    Members of a cooperative usually joins together in order to achieve a specific objective, an objective
    which usually benefits the members of the organization itself. Cooperatives exist among different
    industries and are composed of different types of people, may it be farmers, consumers, or workers.

    There are several principles that uniquely characterize this non-state institution. It is an essential
    characteristic of a cooperative that its owners and financers are also the people who use the cooperative.
    Meaning, in a typical cooperative, the customers are also the ones who own the organization. These
    members or users are also the ones who have control over the cooperative. They have the power to elect
    a board of directors which will handle the overall operation of the organization. Users or customers of a
    cooperative are also the ones who benefit from it. To have a clearer grasp of these principles
    characterizing cooperatives, let us look at an example of a consumer cooperative. The function of a
    consumer cooperative is to provide products and commodities needed by people. A consumer
    cooperative may put up a supermarket to satisfy this necessity for certain products.

    The people that serve as primary customers of the supermarket are usually the people who created the
    cooperative itself. They created the cooperative because they needed an organization that would meet
    their specific objective. Since these customers are the financers and owners of the cooperative, they also
    have the power and control to elect their board of directors through a democratic election (i.e. one vote
    per member). The board is expected to spearhead the general operation of the supermarket.
    Although non-members of the cooperative can also shop and be customers in the said supermarket, only
    cooperative members are entitled to benefits and profits of the organization. Assuming that the
    supermarket generated a profitable income, the cooperative must distribute this profit to its customers
    who are also members and owners of the association. Benefits from such profits can be monetary in form
    or discounts to products sold.

    The International Cooperative Alliance also came up with seven principles to characterize a cooperative.
    These principles are as follows: (a) voluntary and open membership, (b) democratic member control, (c)
    member economic participation, (d) autonomy and independence, (e) education, training and
    information, (f) cooperation among cooperatives, and (g) concern for the community.

    There are several types of cooperatives, depending on its specific function and purpose.
    • A credit cooperative provides financial services to its members, including securing savings and
    creating funds to be used for issuing loans.
    • A consumer cooperative operates mainly to obtain and distribute products and commodities to
    its customers, both members and non-members.
    • Producer cooperatives aids those in the sector of production, either agricultural or industrial. A
    subtype of a producer cooperative is agricultural cooperatives which help producers or farmers
    in marketing their crops as well as in purchasing supplies needed for further production.
    • A service cooperative (or a worker cooperative) concentrates on helping workers in the service-
    oriented occupations (i.e. health care, transportation, labor) by creating employment
    opportunities and other benefits to its members.
    • A multi-purpose cooperative undertakes two or more functions of different cooperatives. For
    example, multi-purpose cooperative could act as a consumer cooperative and establish a
    supermarket. At the same time, it could also provide financial services like a credit cooperative.
    Trade Unions

    Part of the universal human rights of every individual is his right to organize and form associations that
    would protect his rights as a worker; the embodiment of this right is trade unions.

    While an individual has the capacity to demand better conditions from his employer, trade unions
    recognize that a unity of several employees would act as a more powerful tool in advancing these
    interests. This is how trade unions became the voice of the workers to the management; they serve as
    link between employees and their employers.

    There are different types of trade unions according to its members.


    • A general union represents workers with a range of jobs and skills, from different industries and
    companies. An example of this type of union is a trade union of drivers, janitors and office
    workers.
    • Industrial unions are composed of workers from one particular industry, across different levels of
    the hierarchy. A trade union of all employees who work in the mining industry (with different
    levels and positions) is an example of an industrial union.
    • A craft union seeks to represent skilled workers doing the same work who may be employed in
    different industries. A craft union of carpenters is one example.
    • A white-collar union is composed of professionals doing similar jobs across different industries. A
    trade union of teachers and professors is an example of a white-collar union.

    Although there are many types of trade unions, these classifications still perform the same functions
    expected from a trade union. In addition, a trade union may not only be limited to a particular company.
    here are unions in the Philippines which are composed of several workers from different companies.

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