What is a Co-op?

“Cooperatives are a reminder to the international community that it is possible to pursue both economic viability and social responsibility….Cooperatives are business enterprises owned and controlled by the very members that they serve. Their member-driven nature is one of the most clearly differentiating factors of cooperative enterprises. This fact means that decisions made in cooperatives are balanced by the pursuit of profit, and the needs and interests of members and their communities. Cooperatives take many forms and operate in all sectors of society. Most share a unique set of principles which keep them attuned with their member-driven characterization.”  –  United Nations

From the initial conception of the Lunik project, being run as a co-operative was central to ensuring that Lunik remained “by students, for students”. With each student contributing to Lunik through their student fees, every Glendonite is an equal member of the Lunik Co-op. This means each and every student has the equal ability and right to attend meetings, volunteer and contribute to the functioning of Lunik.

All revenues collected from our daily operations go directly back into growing Lunik. That means unlike a traditional business model, all profits go back to the consumer- Glendon students!

Co-operatives are a pretty interesting and exciting form of business and Lunik is extremely proud to be introducing the Glendon community to this structure- especially during 2012, the UN international year of the Co-operative!

 

 

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