ENHANCING THE PERFORMANCE OF CO-OPERATIVE SOCIETIES THROUGH THE APPLICATION OF CO-OPERATIVE PRINCIPLES
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ENHANCING
THE PERFORMANCE OF CO-OPERATIVE SOCIETIES THROUGH THE APPLICATION OF
CO-OPERATIVE PRINCIPLES
ABSTRACT
This study was conducted to enhance the
performance of co-operative society through the application of co-operative
principles. In pursuance of this, investigation, research objectives were
formulated. Both primary and secondary data were collected and the data
were then presented, analyzed interpreted using textual, tables etc. Base
on the above, it was found out that no genuine co-operative would do without
the co-operative principles. The negligence over the principles of
co-operative had made the co-operative principles societies no to function the
way it ought to in carrying out the performance of co-operative societies.
Through the application of the principle, interpretation of the principles
should be well known to members. It should not be ignored. Members
of the co-operative should show concern to the principles of co-operatives. A
copy of the co-operatives law should be made open and well understand by the
members. Constant supervision is important in order to keep the society going.
There is every tendency to teach and education the members an co-operatives
education. With reference to the finding, the researcher recommends the above
solution to the applying in co-operative organization and with that there
should be increase in quantity in those societies.
TABLE OF CONTENTS
CHAPTER
ONE
1.0
INTRODUCTION
1.1 Background of the
Study
1.2 Statement of the
Problem
1.3 Objective of the
Study
1.4 Research
Questions
1.5 Significant of
the
Study
1.6 Delimitation of
Study
1.7 Definition of the
Terms
CHAPTER
TWO
2.0 Literature
Review
2.1 Nature of
co-operative
Societies
2.2 Evolution of
Co-operative Principle
2.3 Voluntary and
Open membership and Democratic Member
Control
2.4 Member Economic
Participation
2.5 Autonomy and
Independence
2.6 Education,
Training and Information
2.7 Co-operation
among
Co-operative
2.8 Concern for
Community
2.9 Important of
Principle
2.10 Problem of Co-operative
Principle
CHAPTER THREE
3.0
Research
Design and Methodology
3.1 Research Design
3.2 Area of Study
3.3 Population of the
Study
3.4 Sample
Size
3.5 Sources of Data
3.6 Method of Data
Collection
3.7 Administration of
Instrument
3.8 Method of Data
Analysis
3.9 Test of
Hypothesis
CHAPTER FOUR
4.0 Presentation,
Analysis and Interpretation of Data
4.1 Presentation of
Data
4.2 Analysis of
Data
4.3 Interpretation of
Data
CHAPTER FIVE
5.0 Summary of
Findings, Conclusion and Recommendation
5.1 Summary of
Findings
5.2 Conclusion
5.3
Recommendation
Reference
Appendix
CHAPTER
ONE
1.0
INTRODUCTION
1.1 BACKGROUND TO
THE STUDY
Co-operative refers to as the
autonomous association of persons united voluntary to meet their common
economic social and cultural needs and aspiration through jointly owned and
democratically. Controlled enterprise is traced cooperative include non-profit
community organization and businesses that are owned and managed by the people
who use its services such as consumer cooperative by the people who work there
(workers cooperative) or by the people who live there that is a housing
cooperative. The various government and cooperative superior have
made some series of an attempt to encourage the revisions of co-operative laws
and regulations, encouraging the public to form and join co-operative.
A co-operative principles are
guidelines by which co-operative put their values into values. It is as well
referred to the basic truth and general law determining the existence and
regulating the conduct of an organization and distinguishing it from other
system. The International Co-operative Alliance (ICA) described them as
norms that should prevail in the co-operative regardless of what they do and
where they exist.
Meanwhile these are the principles guiding the co-operatives otherwise known as
the co-operative principles.
Rochdale
Principle In 1944
The organized a successful consumer
co-operative society though it was accepted before that of 1966, which was as a
result of amendment.
International
Co-operative Alliance (ICA)
This is a non-governmental association
– whose function is to unite represents and serves co-operatives
worldwide. The ICA purposes were to promote co-operatives and the
Organisation was founded in London in 1885 for twelve countries – Argentina,
India, USA and nine European countries. The headquarters was transferred
from London to Geneva, Suitzerland in 1982 to give co-operation a more
international partisan image.
The ICA produces a new constitution
Tokyo in 1992. According to article 2 of the constitution (RIC Vol. 852
and 3, 127), the ICA pursue its objective by serving as a forum for exchange of
experience and a source of information on co-operatives.
Mr. Owen, the Philanthropist, from
1771-1859 treated his workers with respect and humility. He paid
their wages, reduces their hours of work, kept his factory clean, put a stop to
child’s labour, and started school for workers children. He opened the
first Nursery school in Europe. He allowed his workers leisure hour for
games and recreation. He used part of his welfare for his workers.
In believing that people work best if they are healthy and happy, he was based
on capitalist
Willian King (1786 – 1965), he was a
medical practitioner in Brighton, an Urdent co-operator and a follower of
Robert Owen. William King made some corrections from Robert Owen’s
system.
Willams advised workers against Owens
utopian home colonization schemes, which he considered too big, too capital,
intensive, too unmanageable. People accepted William’s corrections and
organized in Britain co-operative shops from William’s idea. They tried
very well before the Rochdale pioneers which came up in 1844, a group of 28
workers. They opened up a retail co-operative shop based on sound idea
and correct business practice. They adopted the correct principle and
omitted the wrong one. They started with pre-member education based on
weekly discussion meetings lasting several months. Members made some
contributions. The pioneers were men of practical common sense, not idle
dreamers. They had their dreams to become their masters. They kept
strict account of every transaction and declared their balance sheet
quarterly. This method led them to success and they became a model for
co-operatives all over the world. After this, came the ICA principle,
which is the latest up to date. There are some amendments done from
Rochdale principle, which was used for the ICA 1995 latest principle, which
took place in Vienna Austria.
1.2 THE STATEMENT
OF THE PROBLEM
The major point of this study is to
examine the performance of co-operative societies through the application of
co-operative principles with the purpose of the following:
-
TO ascertain the co-operative societies that apply the co-operative principles
-
To examine the extent of enhancement the cooperative principles has undergone
in different cooperative societies.
Moreover to raise the cooperative
awareness on the importance and necessary of the application of cooperative
principles.
1.3
OBJECTIVE OF THE STUDY
The researcher intends to find out how
the co-operative principles are being applied in co-operative societies and the
factors that are militating against the principle.
Specific
Objective Include
-
To find out the outcome of the application of the co-operative principles in
co-operative societies.
-
To examine the extent of the application of the co-operative principles by
sampled societies.
-
Where principles are not applied to find out the reasons.
-
To find out various problems encountered by co-operative societies, which
hinders them from applying the co-operative principles.
-
Moreover, to make recommendation on how to enhance the performance of
co-operative principle in co-operative societies.
1.4 RESEARCH
QUESTIONS
For the purpose of
the research, the following questions were used:
i.
Has the co-operative principles have important role to play in co-operative
society?
ii.
Has the principles contributed to the growth and development of your
co-operative society?
iii.
Does the members of your society practice the principle the way it should?
iv.
As a member of co-operative, does your leaders educate the members on principle
of co-operative?
v.
Is there any problem generated in application of the principles?
1.5 SIGNIFICANCE
OF THE STUDY
It is importance that
this study will help in enhancing members and board of Directors of Cooperative
societies on cooperative principles.
It is important to
institution, researcher scholars and the general public. Thus, it will be
a resource material for further research.
It will be significant to policy makers who may be interested in formulating
policies on co-operative.
The study will help in development of cooperative societies in local state and
federal levels.
In essence, it is important to the researcher as it is the partial requirement
for the award of National Diploma (OND) in cooperative Economics and
Management, IMT, Enugu.
The study will help
in development of Co-operative Societies in Local, State and International
levels
In essence, it is
also important to the researcher, as it is partial requirement for the award of
(OND) in Co-operative Economics and Management of IMT, Enugu.
1.7
DEFINITION OF THE TERMS
In order to clarify
some terms and give understanding concerning this study, the following
definition of terms is necessary.
Principle:
A
principle is a basic truth or general law determining the existence and
regulation the conduct of an organisation and distinguishing it from other
system.
Co-Operative:
It
is an autonomous association of persons limited voluntarily to meet their
common economic, social and cultural needs and aspiration through a jointly
owned and democratically controlled enterprise.
Application:
It
is the use, observation of rules and regulations norms given for guidance in a
thing or organization.
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