Precentage survival rates (YoY) for companies and co-operatives, for businesses incorporated in 2011
Survival rate for each year since incorporation for co-operatives:
1 - 96%
2 - 91%
3 - 87%
4 - 84%
5 - 80%
Survival rate for each year since incorporation for companies:
1 - 93%
2 - 76%
3 - 61%
4 - 51%
5 - 44%
Understanding the data: An 80% rate of survival at 5 years since incorporation means 4 out of 5 enterprises remain in business after 5 years, while 1 out of 5 have gone out of business.
https://www.uk.coop/sites/default/files/2020-10/co-operative_survival_1.pdf
A comparison of survival rates (%) for co-operatives and companies over a 5 year period, for businesses incorporated 2009-2011
Survival rates of co-operatives and companies incorporated in 2009 by year since incorporation:
1 - 98.8% vs 90.8%
2 - 97.6% vs 73.8%
3 - 91.6% vs 59.6%
4 - 86.4% vs 48.9%
5 - 84.8% vs 41.7%
Survival rates of co-operatives and companies incorporated in 2010 by year since incorporation:
1 - 98.3% vs 86.7%
2 - 94% vs 72.5%
3 - 91% vs 57.1%
4 - 87.3% vs 48.1%
5 - 81.9% vs 41.4%
Survival rates of co-operatives and companies incorporated in 2011 by year since incorporation:
1 - 96.3% vs 93.1%
2 - 91.1% vs 75.6%
3 - 87.4% vs 60.5%
4 - 84% vs 51%
5 - 80.4% vs 44.1%
https://www.uk.coop/sites/default/files/2020-10/co-operative_survival_1.pdf
Many claim that businesses organized as democracies are inefficient and will fail at a higher rate than the conventional undemocratic model.
But according to the data, democratic businesses are significantly more resilient and survive longer than conventional businesses.
#EconomicDemocracy