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CO OPERATIVE SOCIETY Strengths and weaknesses

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What Is Co Co-perative?

A cooperative is outlined as Associate in nursing autonomous association of persons united voluntarily to satisfy their common economic, social, and cultural desires and aspirations through a jointly-owned and democratically-controlled enterprise.

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What Is franchising • The term "franchising" will describe some terribly completely different business arrangements. it's necessary to know specifically what you are being offered. • Franchise happens once the owner of a business (the franchisor) grants a license to a different person or business (the franchisee) to use their business plan usually in an exceedingly specific geographic region.

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What Is franchising • The franchisee sells the franchisor's product or services, trades underneath the franchisor's trade mark or brand and edges from the franchisor's facilitate and support. • In return, the franchisee typically pays associate degree initial fee to the franchisor then a proportion of the sales revenue.

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What Is franchising

• The franchisee owns the outlet they run. • However the franchisor keeps management over however merchandise square measure marketed and oversubscribed and the way their business plan is employed.

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How Co-Ops are Differ?

A Different Purpose • Co-ops and credit unions meet the common wants of their members, whereas most investor-owned businesses exist to maximize profit for shareholders.

• A Different management Structure • Co-ops and credit unions use a system member/one-vote, not one-vote-per-share.

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• This helps them to serve common interests and to confirm that individuals, not capital, management the organization.

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How Co-Ops are Differ?

A Different Allocation of Profit Co-ops and credit unions share profits among their member-owners on the idea of what proportion they use the organization, not on what number shares they hold.

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Strengths of a CoOperative Society 1. Its main advantage is that it exists and operates for the good thing about its patron members.

2. At an equivalent time, since the members are the homeowners, they need a money interest within the success of the cooperative that sways them toward giving it their full support and patronage.

3. Cooperative members even have a voice within the management of the organization, and, at intervals the boundaries of doctrine, it so provides the type of service they need.

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Weakness of a CoOperative Society 1. Cooperatives have the democratic organizations.

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2. The manager should always keep in mind that he's accountable to a membership cluster, and this might place a brake on the initiative and suppleness he will use in operative the co-op.

3. Sometimes cooperative businesses show associate disposition to pay the type of regular payment required to draw in and hold competent managers and alternative workers.

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