Cooperative vs. Partnership

By Jaxson

Main Difference

The main difference between Cooperative and Partnership is that the Cooperative is a autonomous association of persons or organizations and Partnership is a arrangement in which parties agree to cooperate to advance their mutual interests

  • Cooperative

    A cooperative (also known as co-operative, co-op, or coop) is “an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned enterprise”.

    Cooperatives may include:

    businesses owned and managed by the people who use their services (a consumer cooperative)

    organizations managed by the people who work there (worker cooperatives)

    multi-stakeholder or hybrid cooperatives that share ownership between different stakeholder groups. For example, care cooperatives where ownership is shared between both care-givers and receivers. Stakeholders might also include non-profits or investors.

    second- and third-tier cooperatives whose members are other cooperatives

    platform cooperatives that use a cooperatively owned and governed website, mobile app or a protocol to facilitate the sale of goods and services.Research published by the Worldwatch Institute found that in 2012 approximately one billion people in 96 countries had become members of at least one cooperative. The turnover of the largest three hundred cooperatives in the world reached $2.2 trillion.Cooperative businesses are typically more economically resilient than many other forms of enterprise, with twice the number of co-operatives (80%) surviving their first five years compared with other business ownership models (41%). Cooperatives frequently have social goals which they aim to accomplish by investing a proportion of trading profits back into their communities. As an example of this, in 2013, retail co-operatives in the UK invested 6.9% of their pre-tax profits in the communities in which they trade as compared with 2.4% for other rival supermarkets.Since 2002 cooperatives have been distinguishable on the Internet through the use of a .coop domain. In 2014, the International Co-operative Alliance (ICA) introduced the Cooperative Marque, meaning ICA cooperatives and WOCCU credit unions can also be identified through a coop ethical consumerism label.

  • Partnership

    A partnership is an arrangement where parties, known as partners, agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments or combinations. Organizations may partner to increase the likelihood of each achieving their mission and to amplify their reach. A partnership may result in issuing and holding equity or may be only governed by a contract.

  • Cooperative (adjective)

    Ready to work with another person or in a team; ready to cooperate.

    “The patient was rarely cooperative, and tended to refuse treatment.”

  • Cooperative (adjective)

    Involving cooperation between individuals or parties.

    “a cooperative game”

    “a cooperative business enterprise”

  • Cooperative (adjective)

    Relating to a cooperative or cooperatives.

  • Cooperative (noun)

    A type of company that is owned partially or wholly by its employees, customers or tenants.

  • Partnership (noun)

    The state of being associated with a partner.

  • Partnership (noun)

    An association of two or more people to conduct a business,

  • Partnership (noun)

    The period when two specific batsmen are batting, from the fall of one wicket until the fall of the next; the number of runs scored during this period,

  • Partnership (noun)

    the state of being a partner or partners

    “we should go on working together in partnership”

  • Partnership (noun)

    an association of two or more people as partners

    “an increase in partnerships with housing associations”

  • Partnership (noun)

    a business or firm owned and run by two or more partners

    “the partnership now owns 22 department stores”

  • Partnership (noun)

    a position as one of the partners in a business or firm

    “she will be eligible for a partnership after a few years”

  • Partnership (noun)

    the number of runs added by a pair of batsmen before one of them is dismissed or the innings ends

    “their 176-run third-wicket partnership”

Oxford Dictionary

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