The Status of the Operation of the University of Makati Employees Multi-Purpose Cooperative as Basis for Five Year Strategic Development Plan

Abstract

This study focuses on the Status of the Operation of University of Makati Employees Multi-Purpose Cooperative in terms of its objectives, organisational structure, membership, financial performance and management policies covering the period of five years (2012–16) as basis for Five-Year Strategic Development Plan. In this research work, primary and secondary data were utilised, the descriptive research method was employed using a survey questionnaire distributed to UMEMPC members, structured interview was conducted to the Managers and Chairmen of selected cooperatives, wherein data gathered were used in the formulation of UMEMPC Strategic Plan. In the analysis and interpretation of the data gathered, the researcher utilised the frequency, percentage, weighted mean, ranking and five point Likertscale. It has been noted in the results that respondents agree that the achievement of the goals and objectives of the cooperative lies on the commitment andparticipation of members. On organisation structure, both academic and administrative respondents agree that it is the responsibility of the coop officers to take care of the members and community needs and that the current organisation structure is in accordance with the by-laws and RA 9520 and continues education and trainings of members, management staff and officials are necessary for the success of the cooperative. In terms of membership, members agree that pre-membership education training program isa requirement for membership that they should be aware of their role, duties, responsibilities and accountabilities. On financial performance, both respondents agree that capital build-up is evident in the Cooperative; that they need to patronise cooperative business and pay their obligations on time to increase the net surplus. On management policies, both respondents agree that policies are well disseminated, there is involvement by members in the crafting and formulation of policies, policies are in accordance with the bylaws and RA 9520, there are Board resolutions and/or General Assembly resolutions on all policies adopted, members support Cooperative policies and programs, policies are fully and strictly implemented, policies are responsive to the members' needs of members and policies are evaluated annually by the Board of Directors and other committees and revision on policies is implemented as the need arises. Based on the findings of the study, the following are the recommendation of the researcher: customised loan packages to members,such as livelihood, real estate,and calamity loans; continuedmember education and training,to get members commitment to the goals of the cooperative,enablingthem to understand the real essence of cooperative organisation; continuedoffering of merchandise at affordable prices to the university community; encouragedpartnership with other cooperatives and companies; assignation ofstaff to monitor the canteen operation; strictly implementedpolicies on capital build;and the adoption of the proposed strategic plan for implementation in the UMEMPC.