Demerits
Where they got it wrong
Limited Capital Raising capital can be challenging as cooperatives rely on member contributions and may have limited access to external financing.
Decision-Making Processes Democratic decision-making can be time-consuming and may lead to slower responses to market changes compared to more centralized organizations.
Management Issues Effective management can be challenging due to the need to balance the interests of a diverse membership base.
Lack of Professionalism In some cases, cooperatives may suffer from a lack of professional management and expertise, impacting their efficiency and competitiveness.
Scalability Cooperatives may face difficulties in scaling their operations due to their focus on member control and local needs.
Profit Distribution While profit-sharing is a benefit, it can also mean that less capital is available for reinvestment into the cooperative, potentially limiting growth and development.
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