Strategy & Operations » Leadership & Management » Planning to make a loss? Then follow the Co-op guidelines

Planning to make a loss? Then follow the Co-op guidelines

The Co-op has had a tough time recently. Under attack from City whizz-kid Andrew Regan, both CWS and CRS, the two giants of the Co-operative Movement, reported miserable financial results.

They also proved the old saying that the Co-operative Movement doesn’t co-operate and doesn’t move, when CRS chief executive Harry Moore made it perfectly clear that he was not interested in the merger which everyone has said for years is essential, unless he were to come out on top.

Moore also gave an interesting insight into Co-op planning. The 1996/7 result was not only poor, it was also disappointing, he said, and continued: “But, crucially, it was also unsurprising.”

It is good to know the CRS has the kind of information systems which ensure there are no surprises, but what kind of a chief executive is it who plans for a disappointing result?

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