Why do co‑ops appear to be more resilient than other types of business?
The Co-operative Economy 2018 report states that 80% of co-operative businesses survive the notoriously challenging first five years, compared to 44% of other businesses. But what’s behind this figure? This report details statistics for the UK and compares these with international data.
If co-operatives can overcome the long-held ‘liability of newness’ theorised in organisational research, this report begs the question ‘why?’ Why do co‑ops appear to be more resilient, both as fledgling organisations and in times of economic crisis?