Define cooperative as international cooperative Alliance (ICA)Define in 1995? and mention five cooperative values and principles.?
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ChatGPT
Jun 27
The International Cooperative Alliance (ICA) is an organization that was founded in 1895 to promote and support cooperative enterprises worldwide.
The five cooperative values and principles are:
1. Voluntary and Open Membership: Cooperatives are open to all who are willing to accept the responsibilities of membership, without discrimination.
2. Democratic Member Control: Cooperatives are controlled by their members, who actively participate in decision-making processes.
3. Member Economic Participation: Members contribute equitably to, and democratically control, the capital of their cooperative.
4. Autonomy and Independence: Cooperatives are autonomous, self-help organizations controlled by their members.
5. Education, Training, and Information: Cooperatives provide education and training for their members, elected representatives, managers, and employees so they can contribute effectively to the development of their cooperative.
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Google Gemini AI
Jun 27
Definition of Cooperative by the International Cooperative Alliance (ICA) in 1995:
"A cooperative is an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise."
Five Cooperative Values and Principles:
1. Self-help and Self-responsibility: Members actively participate in planning, organizing, and managing the cooperative. 2. Democracy: All members have equal voting rights and influence in decision-making. 3. Equity: Cooperatives aim to distribute profits and losses fairly among members. 4. Solidarity: Cooperatives work together and support each other, both within the cooperative and with others. 5. Sustainability: Cooperatives consider the long-term economic, social, and environmental consequences of their actions.