Why the U.S. Needs More Worker-Owned Companies | Harvard Business Review

The Harvard Business Review published “Why the U.S. Needs More Worker-Owned Companies” by Peter Walsh, Michael Peck and Ibon Zugasti. In part, they write:

Within the next decade, we expect worker- and employee-owned companies to grow in popularity thanks to three mutually reinforcing trends: First, renewed interest in ensuring the economic viability of local communities suggests that Baby Boomer owners about to retire are increasingly likely to want to sell to workers. Second, evidence is mounting that worker- and employee-owned enterprises outperform their competitors, especially during economic downturns; a recent Rutgers study found that converting to worker and employee ownership boosts profits by as much as 14%. Third, as a result of strong performances by worker- and employee-owned companies, it is becoming easier for workers to overcome arguably the biggest hurdle to worker buyouts: financing.

Read the article from HBR.

Also, find the article via OliverWyman.com.

Also, read Read the Harvard Business School Case Study on 1worker1vote.org from 2015: 1worker1vote: Mondragon in the U.S. (available for purchase and for free to registered educators).