The Cooperatives Performance Indicators, Based on Balance Scorecard (original) (raw)
Related papers
Performance Measurement Using Balanced Scorecard Concept On Co-Operatives: Implication In Indonesia
This study aims to apply the concept of balanced scorecards in measurement of cooperatives performance based on vision and mission. So far, the assessment of cooperative performance in Indonesia is not take into account the social hold cooperative , while cooperatives carrying a dual mission. Research conducted in in North Sumatera Province in Indonesia. The sample consisting of one hundred cooperatives that are still active run annual members meeting. Cooperative performance was assessed based on its fourth perspective i.e. membership, financial, internal process and learning & growth. The indicator key of cooperative performance was determined by taking into account the performance assessment on cooperatives , as articulated of State Minister for Cooperatives and SMEs No.129/KEP/M/KUMKM/XI/2002, and the regulations of the State Minister for Cooperatives and SME No.06/Per/M./KUKM/V/2006. Therefore, this research were contributed a method in assessing cooperative performance using Balanced Scorecard concept with the four perspective, namely membership perspective, financial perspective, internal process perspective and learning & growth perspective.
Diversitas Journal, 2024
The Balanced Scorecard (BSC) has been studied a lot as a tool for measuring performance in corporate organizations around the world, but it hasn't been studied much in cooperatives. The goal of this research was to ascertain how multipurpose cooperatives perform using the BSC. A total of eighteen cooperatives were purposively chosen as samples for this research, where members, employees, and managers served as the respondents. The study utilized a descriptive research design whereby the researcher collected and analyzed financial statements for three years, made use of surveys to elicit responses from respondents, and conducted document analysis to further enhance the result. Results showed that the cooperatives' financial performance obtained a "fair performance" rating using the Cooperative Development Authority's (CDA) performance standards. On average, cooperatives exhibit a moderate level of financial performance, and neglecting certain aspects of their financial operations may result in circumstances that pose a risk to their sustainability. A significant likelihood of failure exists, although it has not yet been proven. Members/customers aspect received very satisfactory performance, while internal business processes and learning and growth received excellent results. This investigation revealed that despite financial performance issues, cooperatives met member expectations, provided outstanding business processes, and provided staff learning and development, contradicting Kaplan and Norton's assertion that optimal performance in all three areas leads to financial success. Weak areas were also identified along with the four BSC perspectives that need intervention, and strategies were devised to enhance and improve performance utilizing the BSC framework. It is recommended that cooperatives adopt strategies in terms of improving their performance, particularly in the identified weak areas, and meeting their objectives and goals as set by CDA. Future researchers may consider discovering cooperatives' performance in other social aspects.
Philippine Social Science Journal, 2022
Cooperatives are vital in the economy, hence, it is practically important to examine the factors that may influence their performance. This study focused on determining the factors that predict cooperatives' perceived effectiveness in terms of financial and social performance in Eastern Visayas, Philippines. A random sampling technique was employed to gather primary data to 438 respondents composed of the board of directors, managers, officers, and members. For data analysis, Partial Least Square-Structural Equation Modeling (PLS-SEM) was utilized to analyze the Likert scale data based on the survey participants' responses. Results showed that cooperatives' governance, members' participation, and training and development significantly predicted cooperatives' perceived effectiveness in terms of financial and social performance. Hence, management of the cooperatives should develop a culture of effective governance that includes transparency, management accountability, and members' democratic participation; encourage members' economic participation and; conduct periodic training to help the cooperatives attain their social and financial goals. This article published by Philippine Social Science Journal (PSSJ) is licensed under a Creative Commons Attribution-Noncommercial 4.0 International (CC BY-NC 4.0). You are free to share (copy and redistribute the material in any medium or format) and adapt (remix, transform, and build upon the material). Under the following terms, you must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. You may not use the material for commercial purposes.
Cooperative conditions in Sri Lanka are generally still weak, both internal and external conditions. Cooperatives face similar challenges as business organization. To strengthen cooperative institutions, cooperative performance measurement systems may adopt the performance measurements of business organization in the same industry. One of the measurement systems is balanced scorecard. Cooperatives can implement it as a tool to monitor, measure, and track the alignment of financial and nonfinancial performance. Balanced scorecard makes cooperative business strategy more concrete and measurable. In this view, this paper aims to analyze the organizational performance of MultiPurpose Cooperative societies (MPCS) in Jaffna District based on four perspective approaches of balanced scorecard. The study is conducted through questionnaire survey and interview on cooperative management& customers. The results of the study showed that the MPCS' performance based on four perspectives of balanced scorecard is below the moderate level and results from the operational hypotheses indicated that total perspectives have a significant relationship and impact with organizational performance of MPCS. Finally. The study emphasizes that the MPCSs have to improve their activities in connection with financial performance, customer relations, internal process and learning and growth.
Asia Pacific Journal of Academic Research in Business Administration, 2021
Cooperative is a profitable opportunity, which gives the reason why many are motivated to establish and join. Today, establishing a business is quite tough due to constraints in the capital and it paves the way for an individual to look for other individuals, which can help them to jumpstart the undertaking at the possible lowest cost to organize. The output of this study would be a proposed management performance framework based on the variables that are significant to the members’ satisfaction, management and financial performance of cooperatives. This model can be a basis for strategic planning in fulfilling the mission, vision, goals and objectives of a cooperative. This research determines the service quality, managerial and financial performance of cooperatives in Lipa City. Descriptive type of research method was used to gather information in assessing respondents from the cooperative. Respondents with higher level of assessment on service quality are also those respondents with higher level of assessment on managerial performance. Cooperatives are efficient in its profitability performance, have institutional strength, majority of the assets are considered to be earning assets and are able to generate earnings from its operations.
The Pharmaceutical Cooperatives Performance Indicators, Based on Balance Scorecard
2020
The Objectives of this research to know the performance of cooperatives in Jakarta (capitol of Indonesia) with used the Balance Score Cards. The research methodology used is descriptive survey with identifying and describing various aspects of cooperatives related to cooperative performance from a business side, such as marketing, operation/production, finance, human resources, legality, institutional, cooperation and so on. The results of this study indicate in general from every perspective of Balance Score Card that from the perspective of the financial, has average size of 3.223, on a scale of 1-5, it means that cooperatives in Jakarta when viewed from a financial perspective are in a fairly good position in carrying out financial management. meanwhile from Marketing management perspective: 1.912, from the perspective of Internal Business Process: 1.765, and from a Growth and Learning perspective is 2,370. This research was carried out through a survey in 62 sample pharmaceutica...
Indicators for Cooperative Performance Measurement
International Journal of Academic Research in Business and Social Sciences
Cooperative enterprises have been recognized as a democratic entity organization. The financial statement is practically prepared for internal users (cooperative members) and for external users (The Cooperative Commission Malaysia (SKM)). The financial statement is a map to understand and measure the financial health of a cooperative. Financial ratio analysis has received the attention in determining detailed coverage of the cooperative liquidity, resources and operations. Report prepared from financial ratio analysis is extensively accepted whether it is a large or small company. This paper indicate financial and non-financial indicators that most importantly reflect business and can be used to examine the performance of cooperatives, most importantly to indicate which financial ratios that reflect business and financial position of cooperatives. Given the recent rapidly increased number of cooperative established with increased number of cooperative members and expectation of performance stability in Malaysia, it becomes a relevant subject matter to conduct this study.
Implementation of Cooperatives’ Principles on Ranked-Cooperatives, East Java 2012
Journal of Economics and Behavioral Studies
The purposes of this research to identify of values and cooperatives’ principles on the field, to identify roles and member participation to improving cooperatives, to identify cooperatives’ performance based on cooperatives’ principles, and to identify problems in order to implementing the cooperatives’ principles. Samples were collected amount 52 cooperatives have been assessed as the accredited cooperatives by Small Medium Enterprise and Cooperatives Office East Java. Methodology supported this research were inventory, field survey, and data analysis. Data have been analyzed and evaluated on 2 steps: grading the defined instrument and checking the supported documents given by respondents. The research findings: Cooperatives’ Principles is an abstract vision which has to spell out how these Principles are to be practiced. The Success programmes as a way to implementing Cooperatives’ Principles that guiding the operation of organization. The product of all cooperatives ...
INFOGAIN PUBLICATION, 2019
Cooperatives have brought significant contributions to uplift the lives of many individuals and to resolve problems related to financial, marketing and production. This study was conducted to determine whether the different registered cooperatives in Gapan City, Nueva Ecija were attaining their objectives and whether the board of directors and officers were performing their duties and responsibilities by fulfilling their management functions. Furthermore, this study was conducted to determine the different constraints the cooperatives were facing that could affect their everyday operations. The researcher utilized the descriptive research design using a survey– questionnaire technique to gather the necessary information. Moreover, the researcher with the use of T–test determined whether there is a significant difference in the extent of attainment of the cooperative objectives, level of performance of the officers in performing their management functions and the constraints affecting the operations of the organizations based on the perceptions of the officials and the members of cooperatives. Findings have shown that the existing registered cooperatives in the city were able to attain their cooperative objectives to a very great extent. It has also been found out that the board of directors and officers were able to perform their management functions very satisfactory. On the other hand, the respondents perceived that the constraints affecting the operations of cooperatives were just minor problems. The two groups differ in their responses on the extent of attainment of their cooperative objectives and on the constraints affecting the operations of the cooperatives while both groups of respondents have the same perception as to the level of performance of the board of directors and officers in performing their management functions.