Co-operative wins Financial Times ‘Boldness in Business’ Award

By | March 22, 2013

Mondragon Corporation, which includes our partner in the Social Economy project, Mondragon University, has won the Financial Times Boldness in Business award for ‘Drivers of Change‘. Mondragon uses democratic methods in its business organisation, the creation of jobs, the human and professional development of its workers and a pledge to development with its social environment. Leo Johnson from the Financial Times reports that its record “quietly refutes the conventional wisdom that to be co-operative is to be uncompetitive”. It  is one of the 10 largest companies in Spain. Employing 83,000 workers worldwide, it is the largest co-operative in the world.

Its business philosophy is contained in its corporate values:

  • Co-operation.
  • Participation.
  • Social Responsibility.
  • Innovation.

Mondragon University is closely linked to the labour market, and tailors its offer of courses according to the needs of enterprises and organizations needs.