Interest in new types of business structures has surged since the 2008 recession, and research continues to emerge showing that alternatives can actually perform better than the traditional corporate structure.
One of those alternatives is the worker cooperative, a business that is owned and self-managed by its workers. Cooperatives outperform traditional business structures in a number of key ways, Virginie Pérotin has found. Her review of the research revealed three important facts about cooperatives compared to traditional corporations:
They survive 29% longer
They’re more productive
They weather recessions better