Co-op Group: Fairtrade Products, Responsibilities, and Governance

This report examines the Co-op Group's business operations, particularly focusing on its Fairtrade initiatives. It addresses questions a store manager might raise about stocking Fairtrade products and analyzes how Fairtrade helps the group meet its current challenges. The report also explores how the Co-op balances its economic, social, and ethical responsibilities, and the impact of Fairtrade on these aspects. Furthermore, it discusses the implications of the Co-op's stake in its bank on governance structures and member influence, evaluating whether these actions strengthen or weaken the Co-op's ethical position. The analysis covers recent developments in the business, the role of Fairtrade in meeting economic responsibilities, and the challenges associated with implementing Fairtrade practices. The report concludes by assessing the Co-op's distinctive position as an ethical company in light of its banking activities and Fairtrade commitments.

Fundamental Principal of
business

Table of Contents
Table of Contents
5.1....................................................................................................................................................3
Recent developments in the business of Co-op website..............................................................3
As a store manager responsible for meeting tough sales targets, what questions would you
raise about the proposal to stock Fairtrade products...................................................................3
How would the success or otherwise of the Fairtrade idea help the group meet its current
challenges?...................................................................................................................................3
5.2....................................................................................................................................................4
How is the Co-op balancing the four responsibilities set out on Fig. 5.3?..................................4
In what ways might the Fairtrade initiative help meet economic responsibilities?.....................4
How might it make them harder to meet?...................................................................................6
5. 3...................................................................................................................................................6
What would this shift in the Co – op’s stake in the bank imply for its governance structures
and for the ability of members to influence policy?....................................................................6
Does it strengthen or weaken the Co-op’s distinctive position as an ethical company?.............7
REFERENCES................................................................................................................................8

5.1
Recent developments in the business of Co-op website
The cooperative group is one of the largest future business of UK. This is serving
approximately 6 million customers across the world. This is the fifth largest food retailer around
the world. This is a leading convenience store operator. This is an organisation which has
approximately 70000 employees and the angle sales of this company is 10 billion euros. The
financial goal of this company e increases every year and there are also some social targets
which are developed within the management of cooperative group. The starting of cooperative
group was from the 19th century Yorkshire in which different workers within the industry made
and decision for setting up various shops.. this company had various ups and downs which are
managed properly in order to sustain within market.
As a store manager responsible for meeting tough sales targets, what questions would you raise
about the proposal to stock Fairtrade products
Main aim of store manager is to achieve sales targets in given time frame. Within a
cooperative world, it is essential to manage having fair trading system. It enables to conduct
operations and providing good quality products to people. There are various ways for managing
achievement of sales and profits. This is very important for companies to manage fair trade
product challenge as a store manager. This develops increase of question related to the
management of profits and sales which will be beneficial for conducting the operations in
effective manner. There are some waste that corporate group can use in order to manage
increment of resource utilisation. Some questions like this are asked for managing and
conducting the business operations properly.
How would the success or otherwise of the Fairtrade idea help the group meet its current
challenges?
Fair trade is an concept that developed in 20th century. This is helpful for farmers as they
get advantages while conducting operations in various developed Nations. Fair trade is known
for initiative used for developing World. The main reason for this is providing reward for
principal production. Fair trade system help cooperative group to overcome various challenges.
Cooperative are very helpful in in increasing the fair trade. Cooperative are known as the very
important as well as desired and accountable management regarding the share traders. The

concept of Pharma which means working with cooperative structure. Several benefits are gained
by doing this which includes institutional sustainability, institutionalized ownership, good
decision making structure, etc. When the cooperative decisions are made as the part of national
as well as international network then it was easy to avoid fair trade trap. The cooperative group
was helpful in managing the domestic market and not being a slave of international oriented fair
trades. This is very important for the companies to manage the work in effective manner for
analysing quality, innovation as well as identity.
5.2
How is the Co-op balancing the four responsibilities set out on Fig. 5.3?
The aspect of Fair trade helps in setting of improved conditions of trading. This provides
help in in managing of trading with improving in conditions and leading to managing the income
of the products. There is development of radius code of conduct as well as standard that are used
for managing the sustainable production, reality of compliance as well as better product with a
better price. Fair trading is an old business activity that is managing greater equity e within the
international trading. There is offering of better trading conditions within sustainable
development for managing business. Products certified with fair trade are helpful for increasing
variety as well as availability. They are used for increasing the public awareness as well as
developing corporate social responsibility in the organisation. There is development of managing
various social consciousness of St consumer that also increases pressure for managing the
success of business.. Fair trading has helped the business in better trading and managing the
sustainable development within various regions.
In what ways might the Fairtrade initiative help meet economic responsibilities?
There are different elements involved within Fair trade such as ethics, responsibility,
fairness, justice, equality as well as social performance. Various businesses are benefited as there
is increase of attention with business as well as manage different strategies properly. Business
ethics must be included while managing the fair trading. This provides help in managing
business efforts and making the stakeholders accountable for adapting the different standards.

there is also involvement of corporate social responsibility within the fair trading. Fairness
among the product distribution and their pricing is important as companies must manage the
benefit of all types of customers. In today's Era, there are numerous effects of division of labour
as well as dismantling of trade barriers that have arise various economic agents such as
transnational companies. They have increased a lot after the implementation of fair trading.
There are various scholars, managers, government which has considered the environmental as
well as social issues within business and managing the responsibility properly. There is
development of economical challenges while implementing the fair trading. This type of trading
has helped the company to manage the responsibilities which include legal, ethical, economic as
well as discretionary. It is very important for the companies to co-ordinate leave work in order
to achieve organisational goals and objectives. There is responsible work of cooperative groups
among the mitigation of social impact on the trading. It is seen that fair trading was started in
this company which has helped in better management and increased profits. As a result, there is
economical development.
The fair trade is defined as labelling initiative which was developed in order to improve
lives of various people in the developing countries. there are various certified products within
fair trade data compromising of small share within the market. Fair trade is achieved by
managing different goals and managing debates that are based upon wages regarding economic
sense and sustainability in a long run. There is emergence of Fairtrade labelled that have
introduced the non governmental organisations. There are various challenges faced by the
workers in order to find solutions regarding long term commitment and having strong standards
which are associated with network as well as passion. There are various social problems which
are associated within the world that includes poverty, exploitation as well as trade injustice.
There are various unethical brands which are conducting business in market. It is very important
to manage the functioning of these companies as they are harming the business environment. The
fair trading workers in different part of the world are having short supply. It is essential to
manage the conflict zones in which there are various communities that have divided the long-
running warfare as well as management of in valuable economic activity. The fair trade
certification is helpful for establishing trading links and it provides people to have various
opportunities in order to live a good and respectful lifestyle. Another problem that is faced by the
communities is child labour which is banned because of the help of fair trading. Some challenges

have to be faced by organisations while implementing fair trading but it is also seen that workers
and most people will be benefited and it will provide good structure to the business work.
How might it make them harder to meet?
There were various challenges faced by the companies while managing the work of fair trading
in effective manner. It is seen that work is done in proper manner so that it is easy to manage the
functioning. There is need of urgency and power of stakeholders is not as easy as it seems to be.
The most easy to decide upon may be the attribute of power. Power means the management of
the company in converting the work of various organisations. There is need of managing the
work effectively. There is need of managing the stakeholders so that work is done in effective
manner. There is need of establishing the needs and demands of stakeholders in order to manage
the functioning of the company. It is seen that companies analyses the impact of company on the
functioning of structural relationship. There is need to manage the functioning so that working is
managed and categories of working with the management of the company. It is analysed that all
the working of the organisations. It is seen that stakeholders of the company are managing their
work and companies are providing them better service. This helps in taking various ways for
managing the thinking of the stakeholders so that they will invest in the company for increasing
the profits and sales. This is defined as the way for managing the working of the resources
properly so that work is done in effective manner. According to the resource dependency and
institutional theory that all work is done effectively so that stakeholders are happy.
5. 3
What would this shift in the Co – op’s stake in the bank imply for its governance structures and
for the ability of members to influence policy?
According to the latest statistics, it is concluded that banking business has expanded a lot
since 2010. Llyods banking group initiated development of new 630 branches for maximising
market share. This lead to drastic increase in market expansion of Llyod's bank. . when there are
two thousand branches Of Bank then there will be used employment as well as maximization of
market share of banks. There were several commentators who have positively given their
thoughts regarding this deal and they provided stronger competitor in order to established banks.

The Llyods Bank was not able to manage the deal because corporation analysed that there is no
sufficient money or funds that can be used for getting this deal done. Some problems and issues
are there which are involved within Britannia. The corporation Bank has earned approximately
1.5 billion Euros and it was very less than the estimated amount. There are positive viewpoints
and thoughts regarding the bank and it was not able to manage the activities in proper manner.
There were various activities which were involved in managing operations of banks properly.
This deal cancelled because of insufficient capital. There were optimistic thoughts of Co-op
banks regarding bad loans. The company was not able to provide capital requirements which was
settled insurance and there was a failure regarding information technology. This group has
owned the full percentage of bank before the occurrence of such activities. There were no capital
shortfall and there were group of investors who have put their money and in return they have to
manage the stake of bank. It was not easy for managing the bank problem. The bank was
focusing upon small business customers and individuals. in the year 2014, it was concluded that
this bank was raised an income of approximately 400 million euros which was managed for
potential compensation to customers because of the bank misconduct.
Does it strengthen or weaken the Co-op’s distinctive position as an ethical company?
It has provided help in conducting operations related to position of company in effective
manner. It is important for the company to manage the effectiveness of products within market.
This is essential for management of bank in order to maintain the effectiveness of business. This
is seen that work is done according to the corporate social responsibility, it is important for the
management to involve properly.

REFERENCES
Books and Journals