Cass joins the Employee Ownership Association
Policy shaping research leads to supporter membership status
Professors Lampel and Bhalla's research into employee owned businesses has helped shape government policy in the sector for the last three years.
Their findings, which conclude that employee owned businesses are generally more sustainable and robust, support the aims of the EOA to promote the business model more widely across the UK.
Professor Ajay Bhalla says:
"The failure of a wide range of firms as the economic crisis has taken hold suggests that we need to think beyond the dominant shareholder model. A credible alternative is the 'employee owned business model'- where employees have both ownership and voice in the governance of enterprise.
"The UK government has recognised the potential of the employee ownership model and has recently launched several policy initiatives to promote employee ownership across the UK."
Professor Joseph Lampel continues:
"Cass has been at the forefront of research into employee ownership thanks to the assistance of organisations such as The EOA, The Department of Business and The John Lewis Partnership.
"Our partnership with the Employee Ownership Association is a step function towards our intent to ensure that both public and private institutions are not only aware of this model, but are also educated and trained on how to make employee ownership work."
Iain Hasdell, Chief Executive of the Employee Ownership Association said:
"Our members span many sectors, but are united by their desire to see the growth of employee ownership in the UK to at least 10% of GDP by 2020. Employee owned businesses are helping to address the large productivity deficit we have in our economy, a deficit that has some of its origins in the obsessive short-termism of publically listed companies, through their very high levels of productivity, profitability and employee fulfilment that they achieve.
"To encourage growth in the UK, we need a more diverse and more resilient economy that focuses on the long term. Employee owned and cooperative businesses are forms of business ownership that have such a focus and the work of Cass Business School in quantifying the value of employee ownership to the UK is critically important. I am, therefore, delighted to welcome the School and its experts into the EOA network."
Cass will be hosting the EOB for a discussion on "The Challenge & Promise of Employee-Ownership in 21st century" on the morning of January 14th 2014.