Authors:
Jaramillo Jiménez Luz María, Orlando Carmelo Castellanos Polo, Tariq Elhadary

Addresses:
1,2 School of Economics, Administrative and Accounting Sciences, Northern Catholic University Foundation, Medellín, Colombia.3Faculty of Economics, Administrative and Social Sciences, Istanbul Nisantasi University, Istanbul, Turkey. mariajiménez@soyucn.edu.co1, occastellanosp@ucn.edu.co2, tariq.elhadary@nisantasi.edu.tr3 

Abstract:

The current analysis sheds light on the guiding concepts and values that cooperatives incorporate into their organisational tactics, both internal and external. It also takes into account the method by which these institutions collaborate with one another in order to accomplish sustainable development for the community, making a contribution to the social and economic benefit of a country. The concept of social commitment is currently open to a number of different interpretations, all of which argue that the measures that should be considered to achieve it should be economically viable, environmentally sound, and socially just; within the scope of this work, the position of the authors will be taken into consideration, in addition to the strategies that these entities manage and their social commitment. Cooperatives, in order to mature into organisations that place emphasis on social solidarity and justice, need to ensure that their activities, goals, processes, productive management, and distribution of surpluses are all guided by the cooperative’s guiding principles and purposes. Only then will they be able to develop into organisations that prioritise these values.

Keywords: Ethics; Business; Responsibility; Employees; Strategy; Economy; Social Commitment; Principles and Purposes; Sustainable Development; Corporate social responsibility (CSR).

Received on: 07/11/2022, Revised on: 25/12/2022, Accepted on: 13/02/2023, Published on: 15/03/2023

FMDB Transactions on Sustainable Technoprise Letters, 2023 Vol. 1 No. 1, Pages: 28-35

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