Cooperative

A co-operative (also known as co-op, cooperative or coop) is an autonomous association of persons united voluntary to meet their common economic, social, and cultural needs and aspirations through a jointly owned and democratically controlled business. Cooperatives include non-profit community organizations and businesses that are owned and managed by the people who use their services (a consumer cooperative) or by the people who work there (a worker cooperative) or by the people who live there (a housing cooperative), hybrids such as worker cooperatives that are also consumer cooperatives or credit unions, multi-stakeholder cooperatives such as those that bring together civil society and local actors to deliver community needs, and second and third tier cooperatives whose members are other cooperatives.

In short, a co-op can be defined as "a jointly owned enterprise engaging in the production or distribution of goods or the supplying of services, operated by its members for their mutual benefit, typically organized by consumers or farmers." Co-operative businesses are typically more economically resilient than many other forms of enterprise, with twice the number of co-operatives (80%) surviving their first five years compared with other business ownership models (41%). Co-operatives frequently have social goals which they aim to accomplish by investing a proportion of trading profits back into their communities. As an example of this, in 2013, retail co-operatives in the UK invested 6.9% of their pre-tax profits in the communities in which they trade as compared with 2.4% for other rival supermarkets.

Retailers' cooperative

A retailers' cooperative is a type of cooperative which employs economies of scale on behalf of its retailer members. Retailers' cooperatives use their purchasing power to acquire discounts from manufacturers and often share marketing expenses. A retailers' cooperative is essentially a group of independently owned businesses that pool their resources to purchase in bulk, usually by establishing a central buying organization, and engage in joint promotion efforts. It is common for locally owned grocery stores, hardware stores and pharmacies to participate in retailers' cooperatives.

Consumers' cooperatives, sometimes referred to as retail cooperatives, should be distinguished from retailers' cooperatives.

Governance and operation

Retailers' cooperatives are governed by democratic member control, which generally means one vote per member. Some firms, such as E. Leclerc, are able to make decisions in this fashion, with each member business only receiving one vote. For many retailer co-ops, however, it is difficult to achieve a democratic standard. Since the members are businesses rather than individuals, offering one vote per member will leave the larger member businesses underrepresented. If the amount of votes is based on the size of the business, there is a risk of all smaller businesses within the cooperative being outvoted by a larger business. A democratic solution that many retailers' cooperatives employ is an increase in votes based on business size, up to a certain point, say 5 or 10 votes. This way, there is a varying degree of representation for member businesses, but no one member can gain too much control.

Society

A society is a group of people involved in persistent social interaction, or a large social grouping sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations. Societies are characterized by patterns of relationships (social relations) between individuals who share a distinctive culture and institutions; a given society may be described as the sum total of such relationships among its constituent members. In the social sciences, a larger society often evinces stratification or dominance patterns in subgroups.

Insofar as it is collaborative, a society can enable its members to benefit in ways that would not otherwise be possible on an individual basis; both individual and social (common) benefits can thus be distinguished, or in many cases found to overlap.

A society can also consist of like-minded people governed by their own norms and values within a dominant, larger society. This is sometimes referred to as a subculture, a term used extensively within criminology.

Society (disambiguation)

Society is a grouping of individuals which are united by a network of social relations, traditions and may have distinctive culture and institutions.

Society may also refer to:

See also

Society (play)

Society was an 1865 comedy drama by Thomas William Robertson regarded as a milestone in Victorian drama because of its realism in sets, costume, acting and dialogue. Unusually for that time, Robertson both wrote and directed the play, and his innovative writing and stage direction inspired George Bernard Shaw and W. S. Gilbert.

Origins

The play originally ran at the Prince of Wales's Theatre, Liverpool, under the management of Mr A. Henderson, opening on 8 May 1865. It was recommended to Effie Wilton, the manager of the Prince of Wales's Theatre in London's West End, by H. J. Byron, where it ran from 11 November 1865 to 4 May 1866 Robertson found fame with his new comedy, which included a scene that fictionalized the Fun gang, who frequented the Arundel Club, the Savage Club, and especially Evans's café, where they had a table in competition with the Punch 'Round table'. The play marked the London debut of Squire Bancroft, who went on to marry Effie Wilton in 1867 and become her co-manager.