Cooperatoves; Forms of Business Ownership That Nurtures Both Social and Commercial Entrepreneurship

[MU]

MZUMBE UNIVERSITY

FACULTY OF COMMERCE

NAME OF STUDENT| GERALD ABSANTO

COURSE MSC ENTREPRENEURSHIP

SUBJECT VENTURE CREATION AND

BUSINESS PLANNING

SUBJECT CODE BUS 5411

MODE TERM PAPER

LECTURER MR JOSHUA MWAKUJONGA

TITLE

Co-operatives; Forms of business ownership that nurture both

social and commercial entrepreneurship

1. O INTRODUCTORY NOTE

Cooperatives have been an important part of the development of Tanzania for 75 years. While they have seen many successes and failures during this period no other institution has brought so many people together for a common cause.

1. DEFINITION OF KEY TERMS

1. CO-OPERATIVES

A co-operative is a group of people who work together voluntarily to meet their common economic, social, and cultural needs through a jointly owned and democratically controlled enterprise. Co-operatives are based on the values of self-help, self-responsibility, democracy, equality and solidarity. Co-operative members believe in honesty, openness, social responsibility and caring for others. (ICA, 1995)

2. SOCIAL ENTREPRENEURSHIP

The concept of Social entrepreneurship has different meanings to different people and researchers (Dees, 1998). Some refers it as not-for-profit initiative in search of alternative funding strategies, or management schemes to create social value (Austi, Stevenson, and Wei-Skillern, 2003). Some understands it as the socially responsible practice of commercial businesses engaged in cross sector partnerships (Sagawa and Segal, 2000: Waddock, 1991). Others view social entrepreneurship as a means to...