While society increasingly grapples with pressing social and environmental challenges, trust in modern-day capitalism is eroding. There has been a surge in interest among management and business and society researchers in cooperatives as a promising and influential alternative form of organizing. Cooperatives can help reduce inequality, safeguard workers' interests, confer greater control to members over their personal data, contribute to organizational resilience, and foster more responsible consumption. Cooperatives are expected to operate according to a set of cooperative principles promoted by the International Cooperative Alliance, which include autonomy and independence, cooperation among cooperatives, and democratic member control. Adherence to these principles underpins many of the benefits of cooperatives.
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