Home⇛Psychology and Education: A Multidisciplinary Journal⇛vol. 27 no. 2 (2024)

Best Practices Utilized and Challenges Encountered by Selected Cooperatives in Lipa City: Basis for Enhancement Program

Raul Erlano | Orbel Canoy

Discipline: Education

 

Abstract:

This study aims to determine the best practices utilized and challenges encountered by selected cooperatives in Lipa City. A quantitative research design was utilized to achieve this goal. The researcher has opted for purposive sampling as best sampling method. This approach enables to deliberately select participants who closely align with the specific objectives of the investigation. The purpose of this intentional selection is to guarantee that the sample offers detailed insights into the complexities of cooperatives in Lipa, Batangas, in relation to sustainable economic development. A total of sixty-nine (69) members was carefully selected from a pool of cooperatives in the region, ensuring a diverse representation of cooperative types through the use of this purposive sampling method, the researcher seek to gain a comprehensive understanding of the practices, challenges, and overall dynamics within these cooperatives. The findings reveal that the implementation of best practices in planning, commanding, coordinating, and controlling significantly impacts a cooperative's ability to overcome obstacles and achieve sustainable economic development. The analysis demonstrated that cooperatives with longer operational histories and larger business sizes are more likely to have adopted and implemented best practices across all four management areas. This suggests that experience and scale provide valuable insights and resources that contribute to effective management practices. However, the study also found that the type of cooperative did not have a significant influence on the adoption of best practices. This suggests that effective management strategies can be universally applied across different cooperative types, emphasizing the importance of focusing on best practices regardless of the specific cooperative model.



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