LEADING THE DRAGON Lessons for Wales from the Basque Mondragon co-operative Edited by John Osmond LEADING THE DRAGON Lessons for Wales from the Basque Mondragon co-operative Edited by John Osmond The Institute of Welsh Affairs exists to promote quality research and informed debate affecting the cultural, social, political and economic well being of Wales. The IWA is an independent organisation owing no allegiance to any political or economic interest group. Our only interest is in seeing Wales flourish as a country in which to work and live. We are funded by a range of organisations and individuals, including the Joseph Rowntree Charitable Trust, the Esmée Fairbairn Foundation, the Waterloo Foundation and PricewaterhouseCoopers. For more information about the Institute, its publications, and how to join, either as an individual or corporate supporter, contact: IWA – Institute of Welsh Affairs, 4 Cathedral Road, Cardiff CF11 9LJ tel: 029 2066 0820 fax: 029 2023 3741 email:
[email protected] www.iwa.org.uk www.clickonwales.org Copyright: IWA and authors July 2012 ISBN: 978 1 904773 64 1 £10 Supported by: The Co-operative Group has recently celebrated 150 years of trading in Wales and with a turnover of £600M (excluding The Co-operative Bank), almost 400 stores and branches, approximately 5,000 employees and 500,000 members, it is now one of the largest businesses operating in Wales. The Co-operative Group is the UK’s largest mutual business, owned not by private shareholders but by over seven million consumers. The Group operates 4,800 retail trading outlets, employs more than 100,000 people and has an annual turnover of more than £13bn.