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Description
Cooperative management has many responsibilities to fulfill to keep the business running smoothly. These responsibilities hinge on overseeing day-to-day operations, sound financial management and making the right administrative decisions. Management's ability to meet the following high-priority responsibilities is also critical to a co-op's success or failure:
* Responsibility to the board of directors;
* Responsibility to members;
* Responsibility to employees and
* Responsibility to the community.
If these responsibilities are all met, management will create an effective cooperative business environment that will greatly increase the probability for success.
Responsibility to board
Cooperative management's overall responsibility is to the board of directors. The board hires and evaluates management and institutes the policies for governing the cooperative. The general manager or CEO must adhere to these policies while overseeing and... |
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