What is another word for employee-owned enterprise?
Pronunciation: [ɛmplˈɔ͡ɪiːˈə͡ʊnd ˈɛntəpɹˌa͡ɪz] (IPA) 
An employee-owned enterprise is a term commonly used to describe a business where the employees have a significant stake in the ownership of the company. This promotes a sense of community and incentivizes employees to work hard and take greater pride in their work. Alternatively, an employee-owned enterprise can also be referred to as a worker cooperative, employee stock ownership plan (ESOP) company, co-op, or employee-owned corporation. These all have the same goal in mind: to create a more shared ownership and decision-making structure within a company. Through various forms of employee ownership, companies create a sense of community and shared values, ultimately driving their success.
