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Critical factors
CRITICAL FACTORS FOR THE SUCCESS OF MEMBER-CONTROLLED ENTERPRISES
1. Leadership
“Member-controlled enterprises are only truly successful when they are led by people of the highest integrity who are entirely committed to achieving the true purpose of their enterprise”
2. Organization and governance
“Member-controlled enterprises need to have a system of organization & governance that fully supports the delivery of the purpose of the enterprise”
3. Management
“Managers of member-controlled enterprises need to not only possess those specific professional skills required to fulfil their responsibilities but they must also clearly understand that their main task is to work towards achieving the true purpose of the enterprise”
“Finance in a member-controlled enterprise must not only be deployed so as to optimize its contribution to the achievement of the planned outcomes of the enterprise, it must also be arranged so that member-control is maintained”
“If member-controlled enterprises are to succeed they must be built on the sound foundation of practices that sustain co-operative behaviour”
“Citizens are fully entitled to expect that their government will provide a positive public policy framework that supports the development and sustainability of member-controlled enterprises”
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Co-operatives and mutuals - to be valued for what they deliver
last updated: February 2012 © Edgar Parnell 2012