Co-op Best Practices

PROBLEM/OPPORTUNITY

Joint Recognition of a Common Economic Problem or Opportunity
The problem could be the lack of sufficient market outlets for firms in an industry, common recognition of inadequate buying muscle in the purchase of supplies or services or financial pressures that force entities to explore the sharing of equipment, personnel or services.
It is extremely important to identify the real economic problem, and not just the symptoms of a problem. Also, all parties that will be involved should have a uniform understanding of the problem.