今日主題:Britain the Co-op-- Victorian secret / 英國運動--維多利亞的秘密

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Britain the Co-op-- Victorian secret

The member - owned business has regained its mojo

The ovoid structure near Victoria station, to the north of Manchester city centre, is the most striking of the city’s many modern glass buildings. It is to be the home to the Co-operative Group, which is Britain’s fifth largest food retailer and a growing presence in financial services. Peter Marks, the Co-op’s chief executive, jokes that a flash headquarters can be a sign of a bloated corporate ego. It should instead be seen as a symbol of the Co-op’s modernisation, he says. The building’s green design will cut energy costs in half. And the staff scattered in a warren of draughty old offices nearby will soon be under one 21 st - century roof.
在曼徹斯特市中心北面、維多利亞車站附近的那個卵形建築,是這個城市眾多的現代玻璃建築中最閃耀的一個。這個建築就是Co-operative集團的總部,Co-operative是英國第五大食品零售商,在金融服務業它也是一股不斷增長的力量。Co-op的董事長Peter Marks自嘲說這個拉風的總部顯示出公司是多麼的自大,但事實上他認為這個建築應該被視為Co-op公司現代化的標誌。這個建築採用的綠色設計可以降低一半的能耗。以前散佈在附近老辦公室中一個個通透的小隔間裡的員工將會搬到21世紀的屋簷下。

The sort of self - confidence embodied in the Co-op’s new head office is felt also in the wider Co-operative “movement” ( as its devotees refer to it ). Tales of corporate greed have revived interest in Co-ops. Nick Clegg, the deputy prime minister, has extolled the virtues of a “John Lewis economy”, referring to a much - loved employee - owned retailer. Yet the history of the Co-op’s retailing arm in Britain shows that the member - owned business model has weaknesses as well as strengths.
公司新總部所體現出的那種自信在更加廣泛的聯營運動中也可以感受到。企業貪婪的故事有望在聯營企業重新上演。英國副首相Nick Clegg曾經讚揚過 “John Lewis經濟模式的優點,其中提及一個受人愛戴的員工所有製的零售商。但是Co-op的零售部門在英國的歷史證明會員制的商業模式有利也有弊。

The Co-op started in 1844 when a group of textile workers clubbed together to set up a grocers in Rochdale, a few miles from Manchester. The idea quickly spread. By the early 20 th - century Co-op stores accounted for a large slice of grocery sales. From the 1960 s onwards, shareholder - owned rivals began to catch up. Twenty years ago the Co-op had a share of the grocery market similar to Tesco’s. Then Tesco took off and left it behind.

The problem was that what looked like a single entity was in fact a loose alliance of local Co-ops, each with its own management. Fleet - footed rivals were better able to reap scale economies from centralised buying and marketing. They could raise capital quickly to build bigger stores. And a new breed of grocer, exemplified by Tesco’s Jack Cohen, understood that retailing is part showbiz. He hired well - known comedians to open his stores. The Co-op movement was slow - witted and dowdy by comparison. “It didn ' t Co-operate and it rarely moved,” recalls Mr Marks.
聯營模式的問題是它看上去是一個統一的實體的企業,實際上只是一些本地合作社之間鬆散的聯盟——各自進行自己的管理。而其飛毛腿般的對手卻可以通過集中購買和銷售來收穫規模經濟帶來的利益。他們可以快速集資來建造更大的商場。由TescoJack Cohen示範的一種新型零售店則悟出零售業其實是一個娛樂性行業。他僱傭著名的喜劇演員來開店。兩相對比使合作社運動看上去反應遲鈍、跟不上時代。以前聯營的商場之間沒有合作,並且很少變動” Marks回憶道。

A series of mergers has brought most Co-op stores under the umbrella of the group. The acquisition of the Somerfield chain in 2009, plus a revamp of its own stores, has improved its market share. The rising cost of regulation means its banking business also needs scale if it is to survive. In July the Co-op agreed to buy 632 branches from Lloyds Banking Group, which has been forced by EU regulators to slim down. Its share of current accounts will triple to around 7% once the deal is completed next year.

Banking scandals have served to emphasise the main strength of Co-ops, which is public trust. There is less incentive for a member - owned business to price - gouge or mis - sell. Part of the appeal of the Victorian Co-op stores was that they could be relied upon to sell unadulterated food. It also explains why the Co-op is strong in funeral services, where customers are stressed, under pressure to act quickly and unlikely to know what a fair price is. Mr Marks sees a similar opportunity for a trusted supplier of legal services dealing with personal - injury claims and divorce.

The movement’s bigwigs, gathered this week in Manchester to celebrate the UN year of the Co-operative, sense opportunities. Ed Mayo, the head of Co-operatives UK, a trade body, injects a note of caution. “We've won the battle to say that we are ethical. The challenges are innovation and service levels.” Still, he thinks there are businesses where the member - owned model might be deployed: rail franchises, for instance. That would have a pleasing Victorian ring to it. Shareholders did not achieve great returns from the 19 th - century railway mania. The main beneficiaries of the boom were the railway’s customers.
這場運動的要人於本週在曼徹斯特相聚來慶祝Co-operative聯合的一周年,並嗅探新的機會。Co-operatives UK(一個貿易機構)的老大Ed Mayo提出了一個警告。我們已經贏得了道德製高點,接下來的挑戰是如何創新和提高服務水平他認為還有其他或許適合聯營模式開展的業務,比如鐵路專營權。股民沒有從19世紀的鐵路熱中獲得很大的回報。鐵路潮主要的受益者是鐵路客戶。

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