THE STRATEGIES FOR EFFECTIVE MANAGEMENT OF COOPERATIVE BUSINESS ORGANIZATION. (A CASE STUDY OF COOPERATIVE THRIFT AND LOAN SOCIETY LIMITED) FEDERAL POLYTECHNIC NEKEDE, OWERRI.
The strategies for effective management of cooperative business organization cannot be over emphasized since the failure or success of any business setting or establishment depends mainly on the efficiency or the strategies applied.
The ultimate objective of this study is to critically examine the strategies for effective management of cooperative business organizations in promoting the socio-economic condition of the members of the cooperative thrift and loan society limited, federal polytechnic Nekede, Owerri and Nigeria in general.
TABLE OF CONTENT
Table of content
1.1 General overview of the study
1.2 Statement of the problem
1.3 Objective of the study
1.4 Scope of the study
1.5 Research questions
1.6 Significance of the study
1.7 Limitation of the study
1.8 Definition of terms.
2.0 Literature review
2.1 Cooperative in Nigeria before 1935
2.2 History of cooperative societies in Nigeria
2.3 History of the society – History of the cooperative thrift and loan society limited, federal polytechnic Nekede, Owerri.
2.4 The objective of the society
2.5 Organizational structure of a typical cooperative society.
2.6 The concept of strategy
2.7 Implementive cooperative strategy
2.8 Evaluation of cooperative strategy
3.0 Research methodology
3.1 Research design
3.2 Population of the study
3.3 Sample size
3.4 Sampling Technique determination of sample size
3.5 Source of data
3.6 Method of data analysis
3.7 Validation of research instrument
3.8 Procedure for processing data.
4.0 Presentation and analysis of data
4.1 Presentation of data
4.2 Analysis of data
4.3 Interpretation of data
5.0 Summary of findings, conclusion and recommendations
5.2 Summary of findings
1.1 GENERAL OVERVIEW OF THE STUDY
The continued existence of any business depends on its ability to formulate strategies.
Strategy means different things to different people. It generally means an integrated plan for accomplishing the objective of any organization. These parameters are of utmost importance to management or directors respectively. Strategies are necessary task for any firm that whishes to grow and survive, and it is the core concern of management leadership.
An organization strategic plan has to be clarified, comprehensive and integrative and designed to assure that the basic objectives of the enterprise are achieved (Glueck, 1976:3).
It is a managerial plan or process of developing and maintaining a fit between an organization and its changing opportunities.
It relies on developing a clear organizations missions, objectives and goals.
To Broke, (1980), an organizational strategy and product portfolio determines a sense of directions, a set of objectives and appropriate routes to achieve the objectives.
This “sense of director” refers to basic organizational missions or purpose while “appropriate routes refer to plans”.
This research study streamlines the strategies for effective management of selected cooperative societies in Owerri West Local Government Area. The cooperative thrift and loan society limited, federal polytechnic Nekede, Owerri.
- Strategic planning
- Capability planning
- Real time response issue management
- Management of strategic change.
Strategy deals with the relevant and critical issue that affects the organization as a whole.
We defined strategy as an integrated plan for accomplishing organizational objectives. We also define strategic management as the translation of strategic plans into result (Hill 1987:3). It involve the examination of the organization internal and external environment to determine its strength and weakness (in its internal environment opportunities and threats in its environment). This gives the acronym: SWOT. The process is shown in the diagram below.