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Proceedings of

International Conference on Advances in Economics, Social Science and Human Behaviour Study ESHB 2014

"COOPERATION BETWEEN CO-OPERATIVE BUSINESS ORGANIZATION AND INVESTED OWNED FIRM TO STIMULATE ECONOMIC GROWTH OF A COUNTRY:A COOPERATIVE ADVANTAGE APPROACH"

CHANCHAI PETCHPRAPUNKUL
DOI
10.15224/978-1-63248-027-9-47
Pages
56 - 61
Authors
1
ISBN
978-1-63248-027-9

Abstract: “The roles of cooperative business organizations (Co-ops) and the invested owned firms (IOFs) to stimulate economic growth of a country depend on the level of understanding and competence of the policy maker to blend five different factors related to organizational structure and business model of the Co-op and the IOF to the five similarities factors on the managerial approach of them into one marked. Five different factors are: organizational structure, goal, objective; ownership advantage and financing policy; investment policy; dividend pay out policy; and social and mutual aspect. These five different factors make Co-op and IOF have their own different ideology, different goal of establishment, different organizational structure, vision, mission and different in the way of doing business. Co-op concentrated on cooperation while IOF concentrated on competition. Misunderstanding and mismanagement of these five different factors together with selfish, competition and economic greedy of”

Keywords: Co-operatives, Invested Owned Firms, Economic growth, AMOS

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