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    • #8222
      Bev CochraneBev Cochrane
      Participant

      SWP found that gaining access to capital can create another problem – overspending and unmanageable debt. It was formed initially to provide competition against dominant players. Markets have since evolved with changes in technology and consumer preferences, They became just another player in an increasingly competitive world market. As the co-ops took on new strategies for growth, they reached a point where maximizing earnings replaced co-op principles. While market forces and co-op structure certainly played a large role in the massive restructurings, the members also had an impact and could no longer support SWP as it was not acting in their best interests.

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    • #8225
      Jen BudneyJen Budney
      Participant

      Very good analysis, Bev. Why do you think the board lost touch with the co-op’s values and members?

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