Supporting and creating new opportunities for co-ops, as the article states, should be an increasingly popular way of structuring businesses, regardless of size and purpose. It has only recently begun to gain traction in the United States, (despite long having been utilized in Europe) notably by the Cabot Creamery, which is a co-op of dairy farms that operates in New England.
The article stipulates that, ideally, co-ops would become more common nationwide as owners and employees see the mutual benefit, and business leaders take into account the importance of working with other companies and benefiting the regional business relationships, instead of just focusing on their bottom line. This outward focus and cooperation can only help regional economies in the long run, and by extension, each business that is involved.
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Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.