A worker cooperative is a business model where the employees own and manage the company. In this structure, each worker has a say in decision-making processes and shares in the profits generated by the business. This democratic approach encourages collaboration and ensures that the interests of the workers are prioritized. In a worker cooperative, members typically buy into the business, contributing capital and participating in governance. This model can lead to greater job satisfaction and stability, as workers are directly invested in the success of the cooperative. Examples of successful worker cooperatives include Mondragon Corporation and Cooperative Home Care Associates.