This is a complete project materials on Socio-Economic Performance Of Cooperative Business And Its Impact To An Members Welfare
CHAPTER ONE
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INTRODUCTION
1.1 Background of the Study
A measure of the socio- economic performance of the cooperative business and its impact and member staff would be useful for many groups as they justify their investment in cooperative development. The productive cooperatives of new lands are interested in estimates of the business volume and socio-economic performance of cooperative business and its impact an member staff.
These associations can use information to underscore the importance of their membership and to justify political support. Leaders of new lands communities are often involved with attracting or developing value-added cooperative businesses.
These individuals are interested in forecasting economic impact to justify incentive packages. Finally, economists and other scholars are interested in determining whether cooperatives generate a different level of socio-economic performance relative to alternative forms of business organizations.
The size and socio-economic performance cooperative business and its impact an member staff is not fully appreciated because no complete information currently exists about the performance of new lands cooperatives, their savings, investment, credits and economic impact, or a readily identifiable procedure for gathering this information.
Measuring the economic performance of the productive cooperatives of new lands would be an important contribution for several reasons. First, such a measure will provide valuable insight for policy makers and the cooperative community about the magnitude of the sector’s impact.
By cataloging the population of cooperatives, estimating their economic impact, and comparing it with alternative business models a clear statement of their importance and unique role in the local, regional, and national economy can be made.
For example, productive cooperatives of new lands tend to be locally owned and transfer the benefits of that ownership to the local community. This potentially generates a greater economic impact than businesses that are not locally owned and which distribute the benefits of ownership outside the community where business is conducted.
Policy makers, therefore, are interested to know if there is a difference in the socio-economic performance of user-owned and investor-owned businesses and how great that difference might be incidentally, cooperative despite its old age is not very popular in Nigeria. Only recently worker cooperatives started gaining ground among working class citizens, most of who find it difficult to save part of their salaries/wages for the rainy day.
Hitherto, cooperative societies were thought to be associations meant only for farmers, small traders and other very low-income earners. This explains why quite a number of cooperative farmers are found, particularly in southern Nigeria.
1.2 Statement of the Problem
The problem is that many people do not know much about cooperative, its mechanisms and role in economic development, and how it is considered in the world as a Third Force, an alternative and countervailing power to both big business and big government.
Against this background, this paper examines the role of cooperative societies in economic development with a view to throwing some light on the nature and features of cooperatives, the benefits and the formation and management of cooperative societies.
The paper investigates the ways in which cooperatives can act as agents towards sustainable community development. The justification of the study precipitates from the fact that although investigating the role of cooperatives on the international scale is not a new phenomenon, in Nigeria, results of such researches are still scanty and incomprehensive.
The International Cooperative Alliance (ICA) in its Statement on the Cooperate Identity, in 1995, defines a cooperative as “an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise.”
It is a business voluntarily owned and controlled by its member patrons and operated for them and by them on a nonprofit or cost basis (UWCC, 2002). It is a business enterprise that aims at complete identity of the component factors of ownership, control and use of service, three distinct features that differentiate cooperatives from other businesses (Laidlaocw, 1974).
Although there is no consistency to the exact origin of the co-operative movement, many academics argue the origins lie within Europe (Shaffer, 1999; Holyoake, 1908). The first recorded co-operatives date back to 1750 in France, where local cheese makers in the community of Franche-Comté established a producer cheese cooperative.
Within the decade, co-operatives had developed in France, United Kingdom, United States and Greece. In 1844 the Equitable Pioneers of Rochdale Society (EPRS) was formed. With the goal of social improvement, twenty-eight unemployed community members saw the opportunity to pool their limited resources and attempt cooperation for the good of the group.
Even though co-operatives appeared in the century previous, Rochdale is seen as the first ‘modern’ cooperative since it was where the co-operative principles were developed (Wikipedia, 2006 Gibson, 2005; and Abell, 2004).
The successful example of cooperative business provided by the Rochdale Society, which also established between 1850 and 1855 a flourmill, a shoe factory, and a textile plant, was quickly emulated throughout the country. By 1863 more than 400 British cooperative associations, modelled after the Rochdale Society, were in operation.
Thereafter the English movement grew steadily, becoming the model for similar movements worldwide. Notable among the European countries in which consumer cooperation received early popular support were France, Germany, Belgium, Austria, Italy, Denmark, Finland, Norway, and Sweden (Abell, 2004).
In 1895, International Cooperative Alliance (ICA), a non-governmental organization was established as umbrella organization to promote friendly and economic relations between cooperative organizations of all types, nationally and internationally.
The major objective of the ICA is to promote and strengthen autonomous cooperative organizations throughout the world. In order to achieve its aims, the ICA organizes international, regional, and sectoral meetings.
The ICA also aims to promote exchange of information such as news and statistics between cooperatives through research and reports, directories, international conferences, and two quarterly publications:
1.3 Objective of the Study
- To find out how socio – economic provide factor of production for members.
- To determine the activities of socio-economic to production to member
- To find out the problem affecting socio-economic in providing factor of production to member
- To find out the socio – economic assist member and staff
1.4 Research Question
- How do socio – economic provide factor of production for member
- What are the activities of socio – economic to provide
- What are the problem affective socio – economic in providing factor of production for members
- In which ways did the socio – economic assist member and staff
1.5 Significance of the Study
The study can be used by the government to acknowledge the need to lay more emphasis on socio-economic among the member and staff the inadequate find and economic instatrility affecting the socio-economic in cooperative business. This study can be used by researching in the cooperative and other related field of study.
Why promoting goods will for the cooperative movement among the general public by creating a favorable public opining to spread knowledge socio-economic to cooperative society do.
1.6 Scope of the Study
This research work is based on socio – economic performance of cooperative business and it’s impact on member welfare in Kaduna state. The socio – economic can be used to empower members welfare of the cooperative society, improve on their condition of living thereby contribution to the economic development of the state.
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