Journal of Co-operative Studies, 66, 20-24
Co-operative Trade: Figures for 1988: Some reflections - and Projections 4
Co-operative Trade: Figures for 1988: Some reflections - and Projections 4
T. E. Stephenson
Journal of Co-operative Studies, No. 66, pp. 20-24
Abstract
The Annual Review of Statistics is once again available, giving a picture of the Co-operative movement that provides for 1988 indicators of the present state of play and of the likely future. The overall figures show a modest increase in profitability which, at 2.1%, still falls far short of the 'milestone' of 2.5% and is a long way from the 5% of sales recommended by the Capital Structure Report. The danger is that these and other national figures obscure the real position of societies. Quantitative and qualitative assessments are inextricably interwoven. For effective action they need to be broken down in to their constituent parts. Additionally, it is always necessary to look behind the figures to the policies which reflect managerial beliefs.
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