Cooperatives are everywhere these days and they all have one common goal, which is to promote products and services to local people and to those individuals who needs support because they cannot stand alone. Also, to provide the common needs of their members.
Cooperatives are indeed playing a very important role in the economy of the country, and especially in the lives of local people. Filipinos seem to be less-competitive than the other people from other countries when it talks about the business and how they manage it. Cooperatives are there to be the way to achieve their goals even if it only concerns the locals. These organizations really help the local people in nurturing their talents, promoting their products, and supporting them financially which are exactly the primary objectives of the cooperative.
Every business or organization started at the bottom. They started at a small amount of capital, few numbers of members and employees, and started at getting just a little of profit. Yet, strategies and effective management has been the starting line of their way to success. They have different strategies on how to develop and improve their organization. Some focused on the branches, some are on the number of members, and some looked on the products that will catch people’s attention. It depends on how they visualize and conceptualize the recent and future operation of their organization. Management strategies also differ. The flow of the production and operations of these organizations may be in different perspectives or situations, so the management they will provide will also depend on how they are going to cope up with the sudden changes in the flow of operation.
Philippine Army Finance Center Producers Integrated Cooperative has been focused on personnel of Philippine Army, Philippine Navy, and Philippine Air Force, retired or not. Their primary mission was to augment the salaries receiving by their members. They give lower rates of interests but can have an easy way for applying for a loan. It was like a win-win situation for the member, getting a low interest rate with an easy application for a loan. And this is somehow the reason of their success. This is the strategy they have been working upon in able to get the eyes of the members and non-members intact to them. Also, they give way better and more affordable life insurances to retirees and pensioners. The Cebu CFI Community Cooperative was focused on giving public services. Therefore, they seem to be recognized by people in their organization, their members, and other people that receives services from them too. On the other hand, PLDT Employee’s Credit Cooperative Inc. is focused on improving the quality of life of their members and develop the community through transformational and enduring programs, sustained in cooperation with credible organizations. This only means that they focused on giving their best and excellent services to their members to make sure that their organization will be heard by these actions, and the community will be better as they provide help in transforming it too. In addition to this, ACDI Savings and Credit Cooperative has a different strategy even though they are also in the field of credit cooperatives just like the other mentioned. They are focused on working with people empowerment, social development, and nation-building, which are a great pack of being recognized too. This is their strategy in gaining more members and being trusted by them throughout their journey in this cooperative. Lastly, the First Community Cooperative, that focuses on the works of their employees. They make sure to look for best employees in able to achieve their goals and objectives. They believe that the success of their organization starts with the minds of their workers and employees who are the people behind the management, business planning, and future plans of the cooperative. This is the best strategy so far.
These possible strategies they are doing should be improved and continued for more success to their organization and to have them more recognized not only in this country, but all over the world.
Knowing that they all started at a small initial capital and a few members means that the success started by how they managed it and how they cope up with the changes in the world, in the market, in the society, in the mass production, and in the modernization that is continuously happening. They have to be prepared, skilled, and have an openness to the insights of others in this changing world, so they could still give excellent services and distribute products to their consumers without misunderstanding and conflicts. They have to be flexible too in the possible threats in the organization and always grab the opportunities given to them.
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This is a continuation of my article Cooperatives. Thank you for reading and I really hope you learned from it. Have a nice day ahead!
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It is really possible for those cooperatives to become successful.. Just imagine how many soldiers, navies, police officers are there in the Ph 😅