Imagine Fiberglass Products Inc., an Ontario-based manufacturer, has initiated a co-operative business model for its fibreglass swimming pool division.
This innovative business model will empower dealers and installers by giving them ownership and a direct stake in the success of the manufacturing process.
Some benefits offered for cooperative members are:
- Ownership and decision-making—Members actively participate in shaping the future of the co-operative, including product design, manufacturing processes, and strategic direction.
- Increased income potential—The model aims to democratize profits, allowing members to earn significantly more than traditional dealer/installer arrangements.
- Profit sharing—Members will receive significant Patronage Dividends directly related to their purchase volume.
- Enhanced collaboration—Members benefit from shared knowledge, resources, and support.
The decision was made after seeing how the co-operative model has been a proven success in various other sectors.
