Article (Scientific journals)
The resilience of the cooperative model: How do cooperatives deal with the COVID-19 crisis?
Billiet, Adrien; Dufays, Frédéric; Friedel, Stefanie et al.
2021In Strategic Change, 30 (2), p. 99-108
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Keywords :
embeddedness; cooperatives; COVID-19; crisis; resilience; user-centrality
Abstract :
[en] The centrality of user-members in cooperatives and cooperatives' embeddedness in their community and in a global network influence positively their resilience in times of crisis, as illustrated by cases of cooperatives that acted entrepreneurially during the COVID-19 crisis. Cooperatives are hybrid organizations that maximize value, instead of profit. They are owned, governed, and controlled by their members. They are more resilient than the conventional enterprises in times of crisis, thanks to their peculiar governance characteristics that ensure member centrality. Next to member centrality, the embeddedness of cooperatives in their local environment and a global movement enhances mission centrality as well as trust and solidarity among their members, local communities, and other cooperatives.
Disciplines :
Social economics
General management, entrepreneurship & organizational theory
Author, co-author :
Billiet, Adrien ;  KU Leuven
Dufays, Frédéric   ;  KU Leuven
Friedel, Stefanie ;  KU Leuven
Staessens, Matthias ;  KU Leuven
 These authors have contributed equally to this work.
Language :
English
Title :
The resilience of the cooperative model: How do cooperatives deal with the COVID-19 crisis?
Publication date :
2021
Journal title :
Strategic Change
ISSN :
1086-1718
Publisher :
John Wiley & Sons
Volume :
30
Issue :
2
Pages :
99-108
Peer reviewed :
Peer Reviewed verified by ORBi
Funders :
FWO - Fonds Wetenschappelijk Onderzoek Vlaanderen [BE]
KU Leuven - Katholieke Universiteit Leuven [BE]
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