Formal academic education is a necessary part of any success story. It provides individuals with the knowledge base they need to face the challenges of a rapidly changing world. But experience in the cooperative world is equally important. It offers a real-world context in which to apply many of the skills developed in the classroom and helps students to better understand and assess the consequences of implementing new ideas or theories in practical terms. It also gives them the opportunity to engage with a wide range of stakeholders, uncover problems, understand and comment on different perspectives and come up with creative solutions for addressing them. Experience in the cooperative world is, therefore, an essential complement to formal education. It provides a platform to think outside the box, gain valuable insights into the working of large organizations and gain largely beneficial experiences. Ultimately, it can help open up a world of new opportunities and help students develop into well-rounded individuals.
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