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Mondragon has annual revenues of €174/employee. I have trouble viewing that as a proven model.

by kwis 16y ago

michaelchisari 16y ago
I'm pretty sure the revenues on Wikipedia are off, and I can't find what reference they're using to get that number. This study from around 2002/2003 puts their revenues at $8 billion annually with 60,000 employees. That puts their per-employee revenues at around $133k. http://www.stthomas.edu/cathstudies/cst/conferences/bilbao/papers/Herrera.pdf http://www.stthomas.edu/cathstudies/cst/conferences/bilbao/p... This puts their revenues at $24.2 billion in 2008, which is almost $300k per employee, if you use the ~85,000 employees figure. http://willblogforfood.typepad.com/will_blog_for_food/2011/01/the-mondragon-cooperative-a-blueprint-for-america.html http://willblogforfood.typepad.com/will_blog_for_food/2011/0...
- kwis 16y ago
  It looks like I got confused because whoever edited the wikipedia article came from a country that uses '.' as a thousands separator. Looking more closely, they're a strange sort of conglomerate. At a glance, I see two banks, two insurance companies, roughly two hundred industrial companies, a dozen retail shops, a dozen food-related businesses, a dozen research firms, and ten education companies. In a way, it reminds me of Idealab, in that each new company is a new pool of equity (with the associated incentives that result from ownership), and that failures are not punished, but rather result in retraining or placement in a different firm. (for full co-op members). It's also interesting to see that the founder was a priest who started off with a co-operative polytechnic school and bootstrapped everything from that base.
brianleb 16y ago
174/employee was calculated by assuming that the period in the number of employees is a comma while the period in revenue is a period (e.g. 17M/85K employees instead of 17B/85K employees). So those figures would indicate 174,000 Euros per employee, which makes a lot more sense.

Mondragon has annual revenues of €174/employee. I have trouble viewing that as a proven model.

by kwis 16y ago

Mondragon has annual revenues of €174/employee. I have trouble viewing that as a proven model.

I'm pretty sure the revenues on Wikipedia are off, and I can't find what reference they're using to get that number. This study from around 2002/2003 puts their revenues at $8 billion annually with 60,000 employees. That puts their per-employee revenues at around $133k. http://www.stthomas.edu/cathstudies/cst/conferences/bilbao/papers/Herrera.pdf http://www.stthomas.edu/cathstudies/cst/conferences/bilbao/p... This puts their revenues at $24.2 billion in 2008, which is almost $300k per employee, if you use the ~85,000 employees figure. http://willblogforfood.typepad.com/will_blog_for_food/2011/01/the-mondragon-cooperative-a-blueprint-for-america.html http://willblogforfood.typepad.com/will_blog_for_food/2011/0...

kwis 16y ago
It looks like I got confused because whoever edited the wikipedia article came from a country that uses '.' as a thousands separator. Looking more closely, they're a strange sort of conglomerate. At a glance, I see two banks, two insurance companies, roughly two hundred industrial companies, a dozen retail shops, a dozen food-related businesses, a dozen research firms, and ten education companies. In a way, it reminds me of Idealab, in that each new company is a new pool of equity (with the associated incentives that result from ownership), and that failures are not punished, but rather result in retraining or placement in a different firm. (for full co-op members). It's also interesting to see that the founder was a priest who started off with a co-operative polytechnic school and bootstrapped everything from that base.

brianleb 16y ago

174/employee was calculated by assuming that the period in the number of employees is a comma while the period in revenue is a period (e.g. 17M/85K employees instead of 17B/85K employees). So those figures would indicate 174,000 Euros per employee, which makes a lot more sense.