TED-Ed: These companies with no CEO are thriving |  TED-Ed

TED-Ed: These companies with no CEO are thriving | TED-Ed

Assessment

Interactive Video

Business

KG - University

Hard

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The video explores the concept of cooperatives (co-ops), using the Park Slope Food Co-op as a case study. It discusses the history of co-ops, starting with the Rochdale Pioneers, and explains the different types of co-ops, such as consumer, producer, and worker co-ops. Key principles of co-ops include joint ownership, democratic control, and a focus on serving members rather than maximizing profit. The video contrasts decision-making processes in co-ops with traditional companies, highlighting the democratic nature of co-ops. It also presents studies showing co-ops' success rates and higher worker satisfaction compared to traditional businesses.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the Park Slope Food Co-op in Brooklyn, New York?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What historical event in 1844 contributed to the establishment of co-ops?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the three crucial things to know about co-ops?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

How do co-ops differ from traditional companies in terms of ownership and profit maximization?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

Describe the decision-making process in a worker co-op like the Cheese Board.

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the voting system in co-ops differ from that in traditional companies?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

What evidence suggests that co-op workers are generally happier than those in traditional companies?

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