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story and the co-operative sector is proud of its<br />

history, but at the same time, I hope to offer a<br />

gentle challenge to the entrenched co-operative<br />

worldview of ‘1844 and All That’.<br />

“My purpose is not to supplement or supplant<br />

the pioneers of Rochdale, by pointing to 1864<br />

and the tradition of Friedrich Wilhelm Raiffeisen,<br />

the extension of these models outside of the<br />

circles of consumer retail and banking in which<br />

they started, or an earlier generation of weavers<br />

in the Scottish town of Fenwick in 1761. Instead,<br />

while fully recognising their achievements, I hope<br />

to acknowledge the risk of choosing one point or<br />

place as the start of everything that follows.”<br />

The chapters include references to not only the<br />

Rochdale Pioneers, but also the weavers in the<br />

Scottish town of Fenwick in 1761 and the tradition<br />

of Friedrich Wilhelm Raiffeisen. It also looks at the<br />

commons, lending circles and labourer societies.<br />

The book ends with an insight into the co-op<br />

sector today. By describing the context in which<br />

these various co-operative ventures have emerged,<br />

the author argues that co-operation “is and always<br />

will be with us”. He adds: “There was co-operation<br />

before, and this is a short story of those roots of<br />

today’s co-operation and mutuality.”<br />

Download the<br />

book for free,<br />

by visiting:<br />

uk.coop/<br />

shorthistory<br />

Written by Ed Mayo and<br />

published by<br />

Co-operatives UK<br />

Ethical Business Cultures in Emerging Markets<br />

The effects of globalisation, and the continued<br />

growth of emerging economies, presents<br />

opportunities but also a tangle of ethical issues –<br />

not least for co-operatives.<br />

From retail co-ops sourcing from international<br />

supply chains to agri co-ops seeking new foreign<br />

markets, co-operatives are operating on a global<br />

scale – making their values and principles as<br />

relevant as ever. And if they want a guide to this<br />

complex new world, here is a new study of the<br />

emerging economies, which focuses on ethical<br />

issues and asks how companies can maintain<br />

consistent values across a changing terrain.<br />

It’s a collection of essays edited by Douglas<br />

Jondle, consultant at Bains Jondle & Associates,<br />

which works to foster ethical cultures, and<br />

Alexandre Ardichvili, a professor at the University<br />

of Minnesota and a fellow of the Center for Ethical<br />

Business Cultures (CEBC), a US non-profit which<br />

promotes ethical business practices.<br />

Looking at the world still coming to terms with<br />

the 2008 financial crisis and its lessons about<br />

corporate behaviour, they say it is important to<br />

ensure consistent ethical standards in a shifting<br />

global economy. Incidents such as the collapse<br />

of the Rana Plaza textile factory building in Daka,<br />

Bangladesh, in 2013, which killed 1,135 people,<br />

have put business ethics even further at the<br />

forefront.<br />

The co-op movement has a consistent set of<br />

ethical standards of its own, in the shape of the<br />

seven Co-op Principles, but how do these work<br />

when a co-operative expands into new territory?<br />

Although Ethical Business Cultures does not<br />

deal with the co-operative business model per se,<br />

it does look at the issues organisations face when<br />

trying to enact their ethical values in new markets,<br />

which may have different ethical systems of<br />

their own. In these new markets, say Jondle<br />

and Ardichvili, a complex network of national,<br />

philosophical and political factors are at play.<br />

Some favour informal rather and informal<br />

arrangements when framing agreements; some<br />

are hierarchical rather than individualistic, leading<br />

to a weaker whistleblowing culture; some are<br />

shaped by religious or philosophical contexts,<br />

such as Islam in Turkey or Confucianism in China;<br />

and some operate in authoritarian or heavily<br />

bureaucratic state systems.<br />

The book is split into two sections, the first<br />

a series of essays on ethical business in eight<br />

emerging economies, including the BRICS – Brazil,<br />

Russia, India, China and South Africa, alongside<br />

Turkey, Mexico and Indonesia.<br />

The second section looks at how to build and<br />

sustain ethical business cultures, including<br />

a discussion of the CEBC’s Model of Ethical<br />

Business Cultures, based on series of anonymous<br />

interviews with business executives discussing<br />

their opinions on “ethical business challenges,<br />

risks, and opportunities facing their companies,<br />

industries and countries”.<br />

There is also a survey of employees’ perceptions<br />

of ethical business practices across 22 of the<br />

world’s economies, which recommends a diverse<br />

recruitment policy, transparent processes,<br />

fair leadership and employee engagement for<br />

businesses looking to maintain their ethics in new<br />

markets.<br />

Here, co-ops should hopefully have a head start<br />

– and this book offers a useful introduction to the<br />

complex world in which they must now operate.<br />

Edited by Douglas<br />

Jondle, Bains Jondle<br />

& Associates LLC ,<br />

Alexandre Ardichvili,<br />

Cambridge Press<br />

DECEMBER <strong>2017</strong> | 49

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