Quality Circles

A quality circle is a volunteer group composed of workers, usually under the leadership of their supervisor, who are trained to identify, analyze and solve work-related problems and present their solutions to management in order to improve the performance of the organization, and motivate and enrich the work of employees. When matured, true quality circles become self-managing, having gained the confidence of management. … Continue reading

Shared Decisionmaking

notes on Dube, Arindrajit and Richard B. Freeman, “Complementarity of Shared Compensation and Decision-Making Systems: Evidence from the American Labor Market” in Shared Capitalism at Work: Employee Ownership, Profit and Gain Sharing, and Broad-Based Stock Options. Eds. Douglas L. Kruse, Richard B. Freeman, Joseph R. Blasi. (Chicago: University of Chicago Press, 2010). ______________________________________ In their research, … Continue reading

The UPS Approach

notes on Soupata, Lea. “Engaging Employees in Company Success: the UPS Approach to a Winning Team“. Society for Human Resources Management Online. The UPS company-wide vision is based on founder Jim Casey’s philosophy of good management, and on UPS principles and priorities. UPS has a “Winning Team” strategic initiative, an “effort to attract, develop, and … Continue reading

The Cleveland Model

Several nonprofit and medical institutions in Cleveland have turned to the Mondragón model for a consortium of businesses that will provide needed services and bolster an impoverished community. The Cleveland model takes us beyond both traditional capitalism and traditional socialism. The key link is between national sectors of expanding public activity and procurement, on the … Continue reading

Solidarity Economy

See here for many many definitions. A Solidarity Economy is defined by: Solidarity, cooperation, and democracy as norms that all people and organizations have to follow if they are to be a part of the Solidarity Economy. The supremacy of labor over capital. Labor is the core of economic life and human development. It is … Continue reading

Basic Principles of the Mondragón Cooperative Corporation

This summary consists of both direct quotes and our summary of the Mondragón text. I. Open Admission. The cooperatives do not discriminate on the basis of religion, politics, ethnicity, or sex when it comes to becoming a member of the cooperative. II. Democratic Organization All authority is vested in the General Assembly, which consists of … Continue reading

Mondragón Cooperative Corporation

In most for-profit businesses, labor is hired at the service of capital. For the Mondragón cooperatives, capital is something they rent to benefit the worker-owners. The Mondragón model is not only about distribution of the profits, it is also about control of the business. Capital is borrowed, stock is not sold for financing. All new … Continue reading

Employee Ownership Scenarios

via The National Center for Employee Ownership, “How to Choose an Employee Stock Plan” Private (Closely Held) Companies Companies that plan to go public or be acquired (high-tech startups, etc.): Despite all the stock market and accounting rule changes that have occurred over the last decade, options are still the currency of choice when it … Continue reading

Shared Capitalism

notes from Kruse, Douglas L., Richard B. Freeman, and Joseph R. Blasi, eds. Shared Capitalism at Work: Employee Ownership, Profit and Gain Sharing, and Broad-Based Stock Options. (Chicago, London: University of Chicago Press, 2010). as well as from sources listed at bottom Shared Capitalism is defined by Kruse, Freeman, and Blasi as any of a … Continue reading

ESOPs

notes from Kruse, Douglas L., Richard B. Freeman, and Joseph R. Blasi, eds. Shared Capitalism at Work: Employee Ownership, Profit and Gain Sharing, and Broad-Based Stock Options. (Chicago, London: University of Chicago Press, 2010). And, just as a refresher, here’s Kruse et al.’s definition of an ESOP: In the US one major form for employee … Continue reading