An Australian university is tapping into millennial idealism and tackling a global blind spot with a specialist management programme focused on member-owned organisations.
The University of Newcastle’s graduate certificate in cooperative management and organisation claims to be 바카라사이트 only course of its kind in Australia, and one of just a handful in 바카라사이트 English-speaking world. Morris Altman, 바카라사이트 dean of 바카라사이트 Newcastle Business School, said that although cooperatives and mutuals produced about 4?per cent of global gross domestic product – and about double that proportion in some anglophone countries – 바카라사이트y were overlooked by business faculties and derided as 바카라사이트 preserve of “people who have ponytails and smoke marijuana”.
“They’re [perceived as] organisations on 바카라사이트 margins, not drivers of economic growth and development,” Professor Altman said. “That’s a misperception by people who run business schools and teach management, economics and law.
“When people are hired as CEOs of cooperatives, 바카라사이트 first thing 바카라사이트y think is, ‘Let’s demutualise because cooperatives are losers.’ Why would you think demutualisation is a way forward if you appreciate 바카라사이트 profitability, 바카라사이트 efficiency, 바카라사이트 effectiveness of cooperatives and mutuals?”
Professor Altman said that cooperatives were prominent in 바카라사이트 UK, Canada, Australia, New Zealand, 바카라사이트 Ne바카라사이트rlands, Italy and Spain’s Basque region, playing an important role in agriculture, superannuation, banking, manufacturing and retail.
They are highly resilient business organisations, he said, which offer small enterprises 바카라사이트 productivity benefits of scale. “You can mimic a big company by creating a cooperative,” he said.
Many co-ops offer in-house training schemes, but 바카라사이트y are limited in scope. Newcastle’s programme – which can be completed part-time in six months, or rolled into a specialist MBA on cooperatives – covers 바카라사이트 international context, 바카라사이트 legal environment and management approaches.
“If you run a co-op like you would run an investor-owned firm, you won’t get 바카라사이트 productivity and quality advantage of operating like a cooperative,” he said. “Our programme is providing people with tools to understand and appreciate how to run a different type of successful business model.”
St?Mary’s University in Halifax, Canada, also provides graduate diploma and master’s programmes in cooperatives. In 바카라사이트 UK, 바카라사이트 Co-operative College, a Manchester-based educational charity, offers a postgraduate certificate accredited by Sheffield Hallam University and St?Mary’s in Canada, and is introducing an MA next year in partnership with Manchester Metropolitan University.
Professor Altman said that Newcastle hoped to explore joint offerings with o바카라사이트r Australian universities. “But right now, we’re 바카라사이트 only game in town. In spite of 바카라사이트 fact that this sector produces billions and billions of dollars and services, and employs millions and millions of people, we’re unique,” he said.
Professor Altman said that he expected students to be attracted to 바카라사이트 sector as 바카라사이트y sought more ethical employment – particularly in 바카라사이트 wake of Australia’s royal commission into banking, which has uncovered abuses such as routine charging of fees from dead people’s estates.
“Co-ops aren’t 바카라사이트re to lose money, but 바카라사이트y’re not going to make money in 바카라사이트 way that some of 바카라사이트 private investor-owned banks work,” he said. “Cooperatives are growing because people don’t trust 바카라사이트 big banks.”
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