Management Strategies of Selected Multi-Purpose and Consumer Cooperatives in Manila

Authors

  • Patrick John R. Rico

Keywords:

management strategies, multi-purpose cooperatives, consumer cooperatives, operations, marketing, financial, human resources

Abstract

The study intended to assess the effectiveness of the management strategies of the selected multi-purpose and consumer cooperatives in Manila. The descriptive survey method was used. The researcher gathered the necessary data using survey questionnaires answered by 116 respondents. Therespondents always observed their management strategies when it comes to operations, human resource, and financial aspect and very often in terms of marketing aspect. There were no significant differences in the respondents’ assessment on the operations, marketing, and financial aspects of management strategies when grouped by age, years in operation, initial membership, number of present members, current assets and average number of trainings for the past three (3) years; no significant differences on human resource when grouped by age, initial membership and current assets. There were significant differences on the human resource aspect when grouped by years in operation, number of present members, current assets and average number of trainings for the past three (3) years. The cooperatives with the large category should develop financial assistance programs. The academic institutions with degree programs on cooperatives should update their syllabus and curriculum. The cooperatives should have an efficient inventory control system to minimize warehoused items too long in avoidance of further costs. They should also establish procedures for handling, storage, packaging, and delivery of goods. They should also practice product development and create new or improve their existing products to attract new customers. There should be more attractive compensation packages to encourage employees to work harder and stay longer. The training office of the Cooperative Development Authority should conduct capacity building programs to the budding cooperatives.

Published

2018-04-18