Word: outness
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Dates: during 2000-2009
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One hallmark of the Mondragon model is its use of capital. Rather than flowing into the pockets of executives and outside investors, a company's profits are distributed in a precise, democratic way; set aside as seed money for new cooperatives; distributed to regional nonprofits; or pooled into shared institutions...
Witherell stresses that the union aims to implement the basic principles of worker ownership and democratic governance rather than precisely replicate the Mondragon model. Still, he says, success comes down to well-run companies that meet a need. "The people who formed these co-ops did not do so because...
It's easy to pick a stock that will earn you a stand-out return in a single year. Well, okay, maybe not "easy," but with just 12 months as a scorecard, there's a lot in the world that can put the wind at a company's back. In...
First, barriers to entry matter. The list is packed with railroads, steelmakers, producers of heavy machinery and makers of technical instruments. These aren't companies you can compete with just by starting a business out of your garage. Sure, industrial pumps, valves and seals aren't exactly sexy, but if...
That doesn't mean it's impossible to do well in an industry with oodles of competition - just that if you're going to play that game, you'd better know your customer pretty well. Consider retail. The stores that make the list are all super-focused on what they...