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Managing and resisting ‘degeneration’ in employee-owned businesses: A comparative study of two large retailers in Spain and the United Kingdom
Employee-owned businesses have recently enjoyed a resurgence of interest as possible ‘alternatives’ to the somewhat tarnished image of conventional investor-owned capitalist firms. Within the context of global economic crisis, such alternatives seem newly attractive. This is somewhat ironic because, for more than a century, academic literature on employee-owned businesses has been dominated by the ‘degeneration thesis’. This suggested that these businesses tend towards failure—they either fail commercially, or they relinquish their democratic characters. Bucking this trend and offering a beacon—especially in the United Kingdom —has been the commercially successful, co-owned enterprise of the John Lewis Partnership whose virtues have seemingly been rewarded with favourable and sustainable outcomes. This article makes comparisons between John Lewis Partnership and its Spanish equivalent Eroski—the supermarket group which is part of the Mondragon cooperatives. The contribution of this article is to examine in a comparative way how the managers in John Lewis Partnership and Eroski have constructed and accomplished their alternative scenarios. Using longitudinal data and detailed interviews with senior managers in both enterprises, it explores the ways in which two large, employee-owned, enterprises reconcile apparently conflicting principles and objectives. The article thus puts some new flesh on the ‘regeneration thesis’.
Manifest Financial | Banking Solutions for Creators
Crafted specifically for creators, streamlining financial management with seamless payments and effortless expense tracking—all in one place.
Enterprise-ready Wiki for Teams | Docmost
Secure on-premises wiki for enterprises. Meet ITAR, FedRAMP, and GDPR compliance with ease.
Home - doola is for Do'ers: LLC Formation, Bookkeeping, Business Taxes, and E-Commerce Analytics
Formation, EIN, Registered Agent, Annual State Filings, Federal Tax Filings and a Dedicated Account Manager. Grow your business and let doola handle your business compliance needs.
The PEPPER V Report - Kelso Institute Europe
This Report provides an overview of the development of employee financial participation, i.e., employee share ownership and profit sharing, across the EU-27, the United Kingdom, and the United States of America as of January 2024. Against the background of the policy development of the past 35 years, it highlights the growth of financial participation over the last decade using the most recent cross-country data available, i.e., the 2021 CRANET Survey, the 2019 European Company Survey and the 2015 European Working Conditions Survey, which also show its potential positive impact on employment and productivity.
NRW.BANK.Venture Center - NRW.BANK
Spezialisierte Beratung für Unternehmen, Gründungsinteressierte und innovative Start-ups.
Overcoming Barriers to Employee Ownership: Insights From Small and Medium-Sized Businesses
This research investigates the limited adoption of employee stock ownership plans (ESOPs) among small-to-medium sized businesses (SMBs) in the U.S. Through interviews with 30 SMB owners across various industries, we identify the key barriers to ESOP adoption as lack of time, money, and skills on the part of the owners. In doing so, the study suggests that a “shared ownership light” model, which involves sharing profits, information, and decision-making opportunities with employees, appears more feasible for SMBs than ESOPs. For SMBs that are interested in ESOP adoption, our research suggests that organizations providing employee ownership services could better assist SMBs by offering templatized models and best practices for profit-sharing plans, open-book management, and structured employee participation. The paper aims to broaden the discussion around shared ownership by considering a spectrum of options that have the potential to increase both value creation by and value-sharing among employees.
Dripline: How we co-operate | Hypha
Notes on incorporation, co-operation, and solidarity from a one year old co-op.
ESF+ Study on Workers’ Buyout
This report provides a WBO overview within a European context, defines WBO and the most common models, as well as current trends and insights within the WBO context. The assessment is further enriched with insights collected from the countries analysed, incl. the mapping of the WBO frameworks in France, Spain, Italy and Slovenia and the in-debt case studies.
Denizen / Post-Growth Economics (Deep Dive)
Rather than money accumulating into fewer private hands, not-for-profit businesses loop their profits back into the economy. Rather than money going into someone’s bank account, it comes back into the system. This is not the same as a non-profit, which may not have a business model. These are businesses that make a profit but do not extract that capital but rather circulate it
Human + AI in Accounting: Early Evidence from the Field
This paper provides early evidence on the integration and impact of Generative Artificial Intelligence (GenAI) in accounting at both the accountant and task lev
Human + AI in Accounting: Early Evidence from the Field
This paper provides early evidence on the integration and impact of Generative Artificial Intelligence (GenAI) in accounting at both the accountant and task lev
Stellar | Together We Can - A Decentralized Vision for Financial Inclusion
In this post, our contribution to Financial Inclusion Week organized by the Center For Financial Inclusion @ Accion, we’ll share SDF’s vision for achieving financial inclusion globally.We’ll do this by first outlining how we define financial inclusion, wh
Demystifying Revenue Leadership: The Role of a CRO in Differing Stages of a Startup - Eric Janssen
Exploring the changing role of a CRO in different stages of a startup's growth. - Sales by Eric Janssen
Documentación - Mercado Pago Developers
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