STRATEGIES FOR EFFECTIVE MANAGEMENT OF COOPERATIVE BUSINESS ORGANIZATION
CHAPTER ONE
INTRODUCTION
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 wishes 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.
Management process involves:
1. Strategic planning
2. Capability planning
3. Real time response issue management
4. 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.
Terms of Use: This is an academic paper. Students should NOT copy our materials word to word, as we DO NOT encourage Plagiarism. Only use as a guide in developing your original research work. Thanks.
Disclaimer: All undertaking works, records, and reports posted on this website, eprojectguide.com are the property/copyright of their individual proprietors. They are for research reference/direction purposes and the works are publicly supported. Do not present another person’s work as your own to maintain a strategic distance from counterfeiting its results. Use it as a guide and not duplicate the work in exactly the same words (verbatim). eprojectguide.com is a vault of exploration works simply like academia.edu, researchgate.net, scribd.com, docsity.com, course hero, and numerous different stages where clients transfer works. The paid membership on eprojectguide.com is a method by which the site is kept up to help Open Education. In the event that you see your work posted here, and you need it to be eliminated/credited, it would be ideal if you call us on +2348064699975 or send us a mail along with the web address linked to the work, to eprojectguide@gmail.com. We will answer to and honor each solicitation. Kindly note notification it might take up to 24 – 48 hours to handle your solicitation.