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Cooperative Business Failures in Batangas Province, Philippines: A Postmortem Analysis

Banwa Supplements

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Title Cooperative Business Failures in Batangas Province, Philippines: A Postmortem Analysis
 
Creator De Torres, John Allen A.; University of the Philippines Los Baños
Zapata Jr., Normito R.; University of the Philippines Los Baños
Madamba, Jeanette Angeline B.; University of the Philippines Los Baños
Mojica, Loida E.; University of the Philippines Los Baños
 
Description Cooperatives all over the world are said to be imbued with inherent weaknesses and challenges, and therefore, steering these entities towards sustainability is seen as an uphill climb. This paper delves into the reasons why some cooperatives in the Philippines dissolve or stop operating. Specifically, the study aimed to review the literature on factors affecting cooperative business sustainability and failures, to present and analyze two cases of failed multipurpose cooperatives and offer recommendations on operating cooperatives for their continued sustainability. Data was gathered through key informant interviews and secondary sources, and analyzed using the case approach and descriptive analysis. Extant literature primarily pinpointed issues such as poor management, lack of capital, property rights, and portfolio problems as the culprits behind cooperative conversions, failures and restructurings. What made the two multipurpose cooperatives unsustainable were the insufficiency of funds needed to meet Cooperatives Development Authority (CDA) requirements, delinquency of members and their inactive participation in cooperative affairs, mismanagement of resources, absence of a viable marketing system and the lack of a capable financial manager. Cultivating managerial and leadership skills, improving governance, establishing private sector and government linkages and support, encouraging participatory membership, utilizing an effective marketing system, proper resource management and expanding financial knowhow are suggested to achieve cooperative sustainability.
 
Publisher BANWA Supplements
 
Contributor —
 
Date 2015-11-03
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://ojs.upmin.edu.ph/index.php/supplements/article/view/150
 
Source BANWA Supplements; No 1B (2015): ICOOP 2015
1656-3719
 
Language eng
 
Relation http://ojs.upmin.edu.ph/index.php/supplements/article/view/150/164
http://ojs.upmin.edu.ph/index.php/supplements/article/view/150/277
 
Rights Copyright (c) 2015 BANWA Conference Abstracts