Factors That Can Influence The Establishment Of Cooperative
(A Case Study Of Owerri Lga Imo State)
The establishment of cooperatives is influenced by a myriad of factors spanning economic, social, and cultural dimensions. Economic conditions, including access to capital, market demand, and regulatory frameworks, play a significant role in shaping the feasibility and sustainability of cooperatives. Moreover, social factors such as community engagement, trust among members, and shared values contribute to fostering cooperative endeavors. Cultural norms and historical contexts also influence the formation and success of cooperatives by shaping attitudes towards collaboration, entrepreneurship, and collective decision-making. Furthermore, governmental policies and support mechanisms can either facilitate or impede the development of cooperative enterprises, impacting their ability to address local needs and promote inclusive economic growth. In essence, the establishment of cooperatives is a dynamic process shaped by the interplay of economic, social, and cultural dynamics, as well as institutional frameworks and policy environments.
Cooperatives which have been in existence for the past centrally still exist in our conteporaly time today due to certain factors which is the case of study in this project. But for the umpteenth time people still mistake motives with factors for joining cooperatives.
However the purpose of this project is to find out the factors that can influence the establishment of cooperatives in Owerri L.G.A. An attempt will be made to distinguish the term mortise from factors that can influence the establishment of cooperatives
The first chapter is going to discuss background of the faction purpose of study significance research questions scope and limitations of the study
The second chapter will emphasis on literature review which is going to come from books news papers magazines Journals etc to serve as an opera of other works form authors on the same topic with emphasis on instorical background of cooperatives establishment in Owerri L.G.A Imo state etc.
In chapter three emphasis will be laid on research design and methodology source of data which will be gotten from both primary and secondary data as well as instruments used sample size (population) sample procedure and return of complete questionnaire will be talled n.
In chapter four presentation Analysis and interpretation of data will be focussed on.
Finally chapter five which is the last will present the summary of research finding. Also conclusions recommendations Appendix and Bibliography will be presented treated.
Title Page
Approval Page
Dedication
Acknowledgement
Proposal
Table Of Contents
Chapter One
1.0 Introduction
1.1 Statement Of The Factors
1.2 Objective Of The Study
1.3 Significance Of The Study
1.4 Research Questions
1.5 Scope Of Study
1.6 Limitations Of The Study
Chapter Two
2.0 Review Of Related Literature
2.1 Brief History Of Cooperatives
2.2 Definitions Of Cooperatives History Of Cooperative In Owerri L.G.A Imo State.
2.3 History Of Cooperative In Nigeria
2.4 The Factors That Influence The Establishment Of Cooperative In Imo State
2.5 Historical Background Of Cooperatives In Imo State
2.6 Problems Of Co-Operative Establishment In The Area Of Study
2.7 Achievements Of Cooperative In Owerri L.G.A Imo State.
2.8 Achievements Of Cooperative In Owerri L.G.A, Imo State
Chapter Three
3.0 Research Design And Methodology
3.1 Sources Of Data
3.2 Secondary Data
3.3 Primary Data
3.4 Instrument Used
3.5 Sample Size (Population)
3.6 Sample Procedure
3.7 Return Of Completed Questionnaire
Chapter Four
4.0 Data Presentation Analysis And Interpretation
Chapter Five
5.0 Summary Of Research Findings
5.1 Findings
5.2 Conclusion
5.3 Recommendations
Appendix
Bibliography
1.0 INTRODUCTION
In the early centuries cooperative societies have been in existence This is to say that they started even before the creation of the Earth. There was cooperation between the holy spirits or trimly ( that is God the father God the son and God the holy spirit) which led to the achievement of the creation of the world. This was as a result of certain factors.
In addition at the time of the stone age men and the wonders there was need for cooperation. This occurred at the agricultural sector through it was limited within families. After some time things begins to improved and it came a time when there was communal farming system. This occurred because of certain factors and because there is need for it.
Further more countries began to relate in businesses exchanging goods and services from one country to another or from one state to among countries. Certain factors gave rise to that because there is need for it. That is to say that nothing achieving can come into existence without needs for it or without needs for it or without certain factors which must have led to it indeed these factors leading to cooperation among people states. Countries and the world at large are not for fetch but are those desires that needs to be satisfied or measured. These factors as put under this introductory section can be either positive or negative
1.1 STATEMENT OF THE FACTORS
As indicated earlier the factors that can influence the establishment of cooperatives can either be positive or negative. These factors as well differs from state to state country to country etc. But the most important is the type of cooperative or its members involved in its operations.
In recent times a lot of persons and scholars have tried to talk on the factors that can influence the establishment of cooperates. This is because slot of people and to their own understanding has failed to understand what these factors are . rather they often mistake it for motives. So to say these worlds are two different things altogether. At the later side of this project the difference between factors and motives well be talked on.
However in Owerri L.G.A Imo state there are a lot of factors that can influence cooperative establishment. According to Mr L.M. Ejwnye (principal register of cooperatives Imo state) he said that the factors that influence cooperative establishment in Owerri L.G.A Imo state .
In essence this factors are those things needs or desires or even set back that has led to identifications of needs there by organizing together for the purpose of establishment.
Despite these factors that has led to the establishment of cooperatives a lot of these cooperative society still fails and closes up and this occurs as a result of certain factors as well.
1.2 OBJECTIVES OF THE STUDY
This academic exercise is meant to appraise the feasibility of the factors that can influence the establishment of cooperatives and the socio-economic standard of cooperatives member and its society at large in Owerri L.G.A Imo state. These factors are as follow;
a. To know how these factors has helped cooperatives its members and generally the public at large.
b. To know how these factors have led to the establishment of cooperatives in Owerri L.G.A.
c. To know the number of cooperatives that has failed in Owerri L.G.A.
d. To ascertain the number of cooperatives that are still in existence in Owerri L.G.A Imo state.
e. To ascertain the achievement of cooperatives in the economy of Owerri L.G.A, Imo state.
f. To bring foreword how much cooperatives has helped to reduce unemployment in Owerri L.G.A, Imo state
g. To find on the problems militating against the establishment of cooperatives in Owerri L.G.A, Imo state.
1.3 SIGNIFICANCE OF THE STUDY
Cooperatives have done a lot in the development of many countries or nations. In countries like Krael, Denmark, Sweden, India, Britain etc. cooperatives has played vital role in sectors like manufacturing distributions and even consummation.
At the end of this research many people will find out the importance of cooperatives to human existence. This involves the above mentioned;
a. The government both the federal state and local government.
b. The society in general
c. The cooperative section and
d. The general academics
1.4 RESEARCH QUESTION
a. What are the factors that can influence the establishment of cooperatives in Imo state ?
b. In what ways can these factors really influence the establishment of cooperatives in Imo state?
c. Are these f actors negative or positive
d. What are those negative factors that can influence the establishment of cooperative in Imo state?
e. As a result of these factors, how many cooperatives are viable in Imo state
f. What are the likely causes that has led to their failure?.
1.5 SCOPE OF STUDY
The study covers the extent of those factors that can influence the establishment of cooperative society in Imo state . It went further discussing the importance or objectives of the cooperatives in Imo state. Also the factors that led leads to their failure.
Further more the study covers an extent of cooperative that are viable and non viable societies in Imo state.
1.6 LIMITATION OF THE STUDY
A lot of circumstances dismounted the extent of this research. One of the major circumstance is time which restricted the researchers from collecting and gathering materials from cooperative department (or in Road secretariat) Imo state. There was no time to collect other questionnaires sent out.
Secondly finance was another constraint that restricted movement from various cooperative offices.
Thirdly protocols in getting the right source to feed the researcher with useful information and details. I was striated from one area office to the other and from one zonal office to another and finally to the head quarters of cooperative department.
Finally my school programmes was another major constraint that compelled my movement to be timely and limited.
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Factors That Can Influence The Establishment Of Cooperative:
The establishment of a cooperative can be influenced by a wide range of factors, including economic, social, legal, and cultural considerations. Cooperatives are typically formed by individuals or businesses to collectively address common needs or goals. Here are some key factors that can influence the establishment of a cooperative:
- Common Need or Goal: Cooperatives are often formed by individuals or businesses with a shared need or goal. This need can be related to purchasing goods or services, marketing products, accessing credit, or achieving some other mutual benefit.
- Market Failure: In some cases, cooperatives are established in response to market failures. When existing market structures do not adequately serve the needs of a group of people, they may choose to form a cooperative to fill the gap.
- Legal and Regulatory Environment: The legal and regulatory framework for cooperatives can significantly impact their establishment. Laws and regulations vary by country and region, and they may dictate the formation process, governance structure, and operational requirements of cooperatives.
- Community and Social Factors: The social and cultural context of a community or region can influence the formation of cooperatives. Strong social bonds, trust among members, and a history of cooperation can facilitate the establishment of cooperatives.
- Leadership and Organizational Capacity: Effective leadership and organizational capacity are essential for successfully establishing a cooperative. Leaders play a crucial role in rallying members, securing resources, and managing the cooperative’s operations.
- Access to Resources: Access to financial resources, such as capital and loans, is vital for the establishment of many cooperatives. Cooperative members may need to pool their resources or seek external funding to launch the cooperative.
- Education and Training: Members often require education and training in cooperative principles and management to run the cooperative effectively. Lack of knowledge and understanding can hinder the formation and success of cooperatives.
- Market Demand and Viability: The demand for the products or services offered by the cooperative is a critical factor. Cooperatives must assess whether there is a viable market for their offerings to ensure long-term sustainability.
- External Support: Government agencies, non-profit organizations, and development agencies may provide support and incentives for the formation of cooperatives. This support can include technical assistance, grants, and legal guidance.
- Political and Economic Stability: A stable political and economic environment can create a conducive atmosphere for cooperative development. Instability and uncertainty can pose challenges to the establishment and growth of cooperatives.
- Membership Commitment: The commitment and engagement of cooperative members are essential for the success of the cooperative. Members must actively participate in decision-making and contribute to the cooperative’s operations.
- Competitive Landscape: The competitive landscape in the relevant industry or sector can affect the cooperative’s ability to establish itself and compete effectively. Understanding the competitive dynamics is crucial.
- Technology and Infrastructure: Access to necessary technology and infrastructure, such as communication tools and transportation networks, can impact the feasibility of a cooperative.
- Environmental and Sustainability Concerns: In some cases, cooperatives are formed to address environmental or sustainability issues. Concerns about ecological sustainability can drive the establishment of cooperatives focused on renewable energy, organic farming, and other green initiatives.
- Historical Precedents: The existence of successful cooperatives in the same or related sectors can serve as models and inspirations for new cooperatives.
Overall, the establishment of a cooperative is a complex process influenced by a combination of economic, social, legal, and cultural factors. Successful cooperatives often require careful planning, strong leadership, and a supportive ecosystem to thrive.