CDS welcomes UK's first 'formula for co-operation'

The pioneering formula, which is the result of an extensive study, identifies the commitment, common interest and mutual trust needed for co-operation.

CDS is a subsidiary of Scottish Enterprise set up to develop the contribution of co-operative and employee owned businesses to Scotland's economy.

Chief Executive Sarah Deas said: "We always knew that co-operation and employee ownership were more productive and sustainable ways of doing business. This formula is a great way to promote those collaborative benefits and to signpost others to success."

Ian McDermott, a leading authority on coaching using neuro-linguistic programming (NLP), co-authored of the formula with Jason Miller of Tinder-Box, a business coaching specialist. 

McDermott said: “Co-operation lies at the heart of all collaborative achievement. Three elements are essential for successful co-operation and when all three elements of shared commitment, common interest and mutual trust are present, you get what economists call a multiplier effect. That is to say the effect of each is compounded: each multiplies the effect of the other.”

Co-operatives Fortnight is being organised by Co-operatives UK to promote co-operative business models with the theme – There is an Alternative – and a website – www.thereisanalternative.coop.

For more information, please contact Victoria Masterson at The Very People on 07733 301715

Co-operative Development Scotland is a subsidiary of Scottish Enterprise set up to develop the contribution of co-operative and employee owned businesses to Scotland's economy. Our remit complements the mainstream support provided by Scottish Enterprise, Highlands & Islands Enterprise and Business Gateway. A specific focus is on growth industries, including food and drink, renewable energy, forestry, tourism and creative industries. Co-operative business models have a key role to play in the growth of these industries. 

www.cdscotland.co.uk

Co-operatives UK works to promote, develop and unite co-operative enterprises. It has a unique role as a trade association for co-operatives and its campaigns for co-operation, such as Co-operatives Fortnight, bring together all those with a passion and interest in co-operative action. 

www.cooperatives-uk.coop