How can cooperative society be improved?
Educate yourself on issues that would make you a better, more informed member/owner/worker. Put energy into one idea or skill that would improve your workplace. Take a leadership role in your cooperative, workplace and/or community. Talk to your friends and acquaintances about democratic workplaces.
What are the challenges facing cooperatives?
It is honest about the problems: it identifies problems of poor management, inappropriate coop structures, corruption and embezzlement, lack of working capital, lack of cooperative democracy and education, weakness of supporting institutions and, in general, an inability to compete in a liberalised market economy.
What are the qualities of a good cooperative society?
According to the Commission, cooperatives have several defining characteristics: 1) they are open and voluntary associations; 2) they have a democratic structure, with each member having one vote; and 3) they have an equitable and fair distribution of economic results based on the volume of operations made through them …
What are the factors to be a successful cooperative?
To be successful, a cooperative must have: Workable and practical financing program for members’ provident needs; A program for promptly liquidating all its current borrowings; A fair policy on lending and collection; A vigorous members savings program; An effective program for building up co-op capitalization; An …
Why cooperatives are successful in India?
Cooperatives have a huge network and reach which is unparalleled with almost 100% coverage of the rural areas. The success of an inclusive growth model in our economy will depend much on growth in the rural areas specially in the agriculture sector. Cooperatives can create stable livelihoods in rural areas.
What is the main motive of cooperative society?
The basic motive of forming a cooperative society is providing service to its members through its activities rather than earning profit from these activities. If the society earns profit, it is distributed among the members as dividend in conformity with the bye-laws of the society.
How do you manage a cooperative?
A cooperative manager needs to operate an efficient and effective business organization, respond to their competitive environment, manage human resources, meet customer needs and comply with all applicable rules and regulations. Those challenges are obviously not unique to the cooperative business model.
What are the key challenges to the success of cooperative in your experience?
The cooperative movement has, however, for a long period of time been burdened with serious weaknesses and problems. The three basic weaknesses are: the economic viability of the major activities undertaken, the cooperative leadership and management capacity, and the lack of democratic control by the members.