SPAIN: MONDRAGON
Commercial Success and Social Impact
The Mondragon Corporation is both a corporation and a federation of worker-based cooperatives, based in the Basque region of Spain. It was established in the town of Mondragon in 1956 by Father Jose Maria Arizmendiarrieta and a group of his students at a technical college he founded.
The association of over 80 cooperatives are a defining characteristic that has been a source of its strength and success. MONDRAGON as a company has 104 production facilities in 37 countries; a commercial presence in 53, and sales in more than 150. It is hailed as a successful commercial example with a strong social impact foundation.
As part of its framework of the Cooperative Principles and its own experience, MONDRAGON promotes the values of self-demand and co-responsibility, intercooperation, social transformation and good cooperative governance practices. It actively nurtures entrepreneurship, diversification and the generation of new business activities.
“Our vision leads us to position ourselves in business models with a future that favor the competitiveness of our companies , businesses that generate social impact within a framework of great human dimension. We promote the start-up of new projects from intra-entrepreneurial and inter-cooperation capacities, as well as from taking shareholding and alliances with recently established or already consolidated external companies.”
Mission
- A socioeconomic business, with cultural roots in the Basque Country, created by and for the people.
- Committed to a sustainable society, competitive improvement and customer satisfaction to generate wealth and transform society through business development and job creation.
- Founded on spirit of solidarity and uses democratic methods for its organization and direction.
- Supports the participation of people in its management, results and ownership of their companies.
Vision
MONDRAGON stands for Cooperation. It is a cooperative socioeconomic reality, with committed people that is profitable, competitive and has strong entrepreneurial companies globally.
Values
- Cooperation: Owners and stakeholders.
- Participation: Commitment to management.
- Social Responsibility: Solidarity distribution of wealth.
- Innovation: Permanent renewal
LEARN MORE ABOUT MONDRAGON’S PRINCIPLED BLUEPRINT FOR BUSINESS.
