On Tuesday 28 December 2010 11:33:59 Binand Sethumadhavan wrote:
2010/12/28 jtd jtd@mtnl.net.in:
Besides co-operatives deal with goods, rather than services.
??? Where did you get that from? There are hundreds if not thousands of cooperative banks in India.
Money IS a very tangibile and measurable commodity. The services ride on the tangible commodity and the service value is linked to the value of the money. Ditto every other type of exchange.
ICH is a restaurant chain run by a cooperative.
Yet to see a restaurant that lets you pick the cook, menu and waiters. Restaurants sell you a very fixed set of goods. The service is a differenctiator.
Look at the number of CHS in Mumbai - what goods do they deal in?
None. They dont sell anything at all. They provide a service to the members only. In contrast you are proposing to deliver to the customer a very "vaguely" defined service.
Consequently it is relatively simple to account.
Didn't get what you meant here. You mean to say that dealing in "goods" is simpler for CAs to manage? If yes, in what way?
As some of the earlier mails pointed out, there will be tremendous variability in service and consequently, in your ability to measure, and assign value.
A model which bears some resemblance to the proposal is temp staffing.
That is an operational model.
Precisely. Without which I cant see anything defined.
The question is what legal entity
Has to be a commercial entity. Wether Cooperative or a limited liability company is a matter of idealogy and convienence.
I am quite convinced that some umbrella entity is neccessary. But I am not very convinced that the operational details are even broadly oulined by anyone at all.