Abstract:
Co-operatives were established to cater for marginalised communities’ socio-economic needs in the world in the mid 1840s. Their establishment is best on the philosophy of co-operativisim which is itself based on the ideals spelt in the co operative principles and values. Co-operatives thrive on the basis of attainment of member expectations which are
themselves spelt in the member's felt needs. In the Tanzanian economy, co-operatives bring together six million individuals
who form, manage and operate businesses for betterment of member livelihood and income. Co-operatives managed and
operated industries ranging from crop processing to manufacturing firms. The co-operative sector has experienced different
policies and regulatory frameworks which have so far led to practices which are not felt needs backed. The philosophical
stance of co-operatives is enshrined in their principles and values. The changes in the policy, legal frameworks and
government actions have also changed the manner co-operatives behave and operate. The industrialisation process is
articulated to be based on cantering the member and ensuring the benefits that accrue focus on enhancing his/her well being. In the times of waning of cooperativism, industrialisation through and with the participation of co-operative members
requires adherence to the co-operative philosophy and in particular the felt need aspect
