EXECUTIVE COURSE Cooperative Life Cycle
A two-day executive course for management and board members of European cooperatives.
Every cooperative goes through a cycle of phases, instrumental in determining cooperative health. As the membership becomes more diversified and more heterogeneous, the organisation will need to properly adjust services, policies, resolutions and practices in order to sustain value for itself and its members.
The course revolves around interaction, sharing and building of knowledge and skills, all within the framework of maximizing value on the following subjects:
- Strategic Planning
- Board-Management Relations
- Leadership and Executive Development
- Conflict Resolution
- Cost Analysis
- Resource Allocation
Expert as teacher
Prof. Dr. Michael L. Cook from the University of Missouri has taught his highly acclaimed “Life Cycle Approach” executive education program for cooperatives. More than 400 firms – including Land O’Lakes, Dairy Farmers of America and Fonterra – have trained their senior management and boards of directors.
The Life Cycle Approach is characterized by an interactive and hands-on methodology, as executive participants will immediately recognize the situations and problems sets at hand, and will gain insights on how to deal with them in a tactical and strategic manner.
Michael Cook will, together with Prof. Dr. Ir. Joost M.E. Pennings, provide participants with a greater understanding and suggestions for solutions and success on the following topics:
- Heterogeneity within the cooperative membership.
- How cooperatives can benefit from their unique structure to successfully compete with investor-owned-firms (IOF’s). ‘The characteristics of cooperatives enable them to meet the requirements of doing business in the future’.
- The use of the instrument of Tinkering” (tactical readjustment), and how this can be applied to the participant’s organization in order to capitalize on this level of adaptability and create value for the coop and its members
- Other important topics and problem sets include: performance measurements, allocated equity, preferred stock, free rider / horizon / portfolio issues, residual claimant constraints and residual control.
Program day 1: History and evolution of the Cooperative
How are Cooperatives different from Investor Owned Firms?
The Life Cycle Framework:
Phase 1: Economic Justification
Phase 2: Organizational Design
Phase 3: Growth – Glory – Heterogeneity
Dinner and Hotel Accommodation on location
Program day 2: Action: Tinkering
The Life Cycle Framework
Phase 4: Recognition and Introspection
Phase 5: Choice
Wrap-up and Farewell by Prof. Cook
End of Day 2 | End of Course
Information and registration
Read more about Cooperatives in the CORMEC publication
Now only available for in-company training: please contact The Commodity Risk Management Academy at +31 (0)55 843 48 79 or contact Gerrianne Jansen.
De docent(en) bij deze training:
|Prof. Dr. Michael L. Cook|
Prof. Dr. Michael L. Cook has more than 20 years’ worth of teaching and research responsibilities in organizational economics, collective action, strategic management and corporate governance. Emphasis has been on the development of cooperative firm theory, property rights and organizational design of user owned and controlled business organizations. In addition, he had management positions at Tenneco, Inc., a global multi-product conglomerate based in Houston, Texas; Farmland Industries, a multi-commodity, multi-product vertically integrated user-owned federated firm from Kansas City, Missouri; and Rice Growers Association, a single commodity, multi-product vertically integrated centralized user-owned cooperative located in Sacramento, California. He had both staff and line responsibilities ranging from marketing analyst to CEO and President. Download the CV of Prof. Cook