Co-operatives, then, fail as co-operatives when they cease practicing co-operative values and principles. They may continue as a successful business - competitive, profitable and growing and open to demutualization. The ingredients of failure exist in all co-operatives. What matters,therefore, is whether the members, directors and managers take the opportunity to do something or nothing. A failure to act will mean that the ingredients of failure will become an increasingly significant factor in the future development of the co-operative