The Importance Of Co-Operative And Education In Effective Management Of Co-operative Enterprises


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Project and Seminar Material for Cooperative Economics and Management (CEM)

Project and Seminar Material for Cooperative Economics and Management (CEM)


Dedication


This project is dedicated to God Almighty, who in his infinite mercy, gives wisdom, understanding and grace in making this vision a reality.

Also to my parents, MR. AND MRS. AUGUSTINE EKE and well wishers.


Acknowledgement


My acknowledgement goes to God Almighty who gives me wisdom and understanding to write my project. Also to all lectures in co-operative economics and management for their efforts and contributions in class which assisted me in carrying out this project, also to my friends Onyenwe Chidere Glory, Obiawu Doris, Iwuji Chisom, Edith, Chioma, Chibueze, Oluchi, Ugochi, Stella, Ifeoma Nwachukwu for their moral support.

My profound gratitude and appreciation goes especially to my supervisor lady J.E Obi Okogbuo who encouraged and supervised me during the period and my HOD Sir Mike Okonkwo C. for his effort in the department at large.
May them all be rewarded in Jesus name Amen


Abstract


There has been a general remark that co-operative are major tools for the development of economy, the importance of co-operative education and communication has helped the members to contribute effectively to the development of the co-operative and management of co-operative enterprise. The review of related literatures section of this research work will consists of a selection of various professions to this work.

They include several definitions and reviews centered on the co-operative education and communication. Data were collected from the population of the study which is 202 and the sample technique which was applied. The project covers the analysis of the role and importance of co-operative education ineffective management of co-operative enterprises.

The research employed a descriptive design and Yaro Yemen techniques was adopted to select the sample size3 both primary and secondary sources of data were used, while a structured questionnaire was the main research instrument used.

The findings reveals that the role of co-operative education in effective management because the co-operative societies lack adequate fund to embark los such education programme that can effectively enhance efficient performance of the management of co-operative development in Imo state.


Table Of Contents


  • Title Page
  • Approval Page
  • Dedication
  • Acknowledgement
  • Abstract
  • Table Of Contents

Chapter One

  • 1.0 Introduction
  • 1.1 Background Of The Study
  • 1.2 Statement Of The Problem
  • 1.3 Objectives Of The Study
  • 1.4 Research Questions
  • 1.5 Significance Of The Study
  • 1.6 Scope Of The Study
  • 1.7 Limitation Of The Study
  • 1.8 Definition Of Terms

Chapter Two

  • 2.0 Literature Review
  • 2.1 Meaning And Concept Of The Role And Importance Of Cooperative Education.
  • 2.2 Importance And Role Of Cooperative Education
  • 2.3 The Need For The Role And Importance Of Cooperative Education
  • 2.4 The Concept Communication
  • 2.4.1 Barriers Of Communication In Cooperative Business Enterprises.
  • 2.5 Importance Of Communication In Cooperative Business Enterprises.
  • 2.6 Factors That Militate Against The Role And Importance Of Cooperative Education.

Chapter Three

  • 3.0 Research Methodology
  • 3.1 The Study Area
  • 3.2 Population Of The Study
  • 3.3 Sample And Sample Size
  • 3.4 Sample Technique
  • 3.5 Method Of Data Collection
  • 3.6 Description Of The Data Collection Instrument
  • 3.7 Validity And Reliability Of Research Instrument
  • 3.8 Method Of Data Analysis

Chapter Four

  • 4.0 Presentation And Analysis Of Data
  • 4.1 Introduction
  • 4.2 Presentation Of Data
  • 4.3 Analysis Of Data
  • 4.4 Interpretation Of Data

Chapter Five

  • 5.0 Summary, Conclusion And Recommendation
  • 5.1 Introduction
  • 5.2 Summary Of Findings
  • 5.3 Conclusion
  • 5.4 Recommendation
  • Bibliography
  • Appendix
  • Questionnaires

Chapter One


1.0 Introduction

1.1 Background Of The Study

The role and importance of cooperatives is one of the cooperative principle which seek to provide educational training for cooperative members, elected and representative, manager and employee, so that they can contribute effectively to the development of their cooperatives. Its importance cannot be overemphasized in cooperative development, the role and importance of cooperative education stand in the centre of the cooperative movement.

From the inception of early cooperative Rochadale the pioneers of the world cooperative movement, one of the unique tasks, embarked was philosophy and practice of cooperative, even in recent review of cooperative principle in 1966 the traditional co-operative alliance “ICA” re-sated the role and importance of co-operative education as on e of the cardinal principle cooperation.

The co-operative rules, laws and bye-laws of respective co-operative societies and the 1993 co-operative decree stipulated that some percentage of co-operative society surplus should be kept aside for committee members in a body of elected members in co-operative society who handles the affairs and the day to day running of co-operative business enterprise. The importance of management in any organization is axiomatic. The success or failure of an organization dependent to a great extent on quality of the management committee.

Therefore officer and management of co-operative business enterprise required a more technical education/training to be able to control the management. Moreover, in order to alleviate the problem of illiteracy, ignorance of member, misconduct and poor management, the role and importance of co-operative education and management cooperation development in Imo state must be tenaciously pursued.


1.2 Statement Of The Problem

Generally, history of co-operative education in the development countries of the world reveals that the main cause of rickety. Foundation of co-operative is lack of the importance of co-operative education. Lack of the role and importance of co-operative education induces disloyalty of members, high incidence of over due and unpaid loans, low attendance at meeting, ignorance of members proposals, poor members relations, bad management, low productivity resulting in little or no surplus, poor public image, inability to change with the times and other harmful results.

Lack of education/training and business in experienced limits, the effectiveness of managers, president, secretaries, treasures and other management committee members. Quite often, some together as members pools and importance of co-operative education to equip them for an effective education to equip them for an effective task. Some co-operative societies due to their small size, low membership find it difficult to raise fund sufficient to organized or sponsored special training programmed for their management of co-operative development in Imo state, the role and importance of co-operative education programmed could be taught through seminars, conferences or relevant courses institution of high learning.


1.3 Objectives Of The Study

From the research carried out, the following objectives of the study are discussed as follows.

  1. To assess the roles of education and communication towards effective management of co-operative enterprises.
  2. To examine the impact of education and communication in co-operative management.
  3. To assess the relationships between co-operative education and effective management of co-operative enterprises.
  4. To assess the problem or difficulties effecting co-operative education and communication.
  5. To outline possible solution to the problem.

1.4 Research Questions

From the objective of the study the research question are as follows:

  1. What are the roles of co-operative education and communication towards effective management of co-operative enterprises?
  2. What are the impact of co-operative education and communication towards effective management of co-operative enterprise?
  3. What is the relationship that exist between co-operative education and effective management
  4. What are the problem effectively co-operative education and communication?
  5. What is the possible solution to this problem?

1.5 Significance Of The Study

According o the statement of the international co-operative alliance (ICA) in its 1972 congress, all co-operative societies should make provision for the importance for co-operative education for their employees as well as general public, in the principles and techniques of co-operative both economics and democratic (Agbo 1992).

This study aims as solving the problem of acute shortage of managerial man-power, it is also aims as facilitating co-operative development through web designed articulated and functional, the education mass enlightenment and publicity.


1.6 Scope Of The Study

The study covers a limited number of selected primary co-operative societies in Orsu local government area. This study focuses on the role and importance of co-operative education towards co-operative management of co-operative business enterprise. It is certain that it has not been easy for the development or establishment of co-operative societies in Orsu local government area which will form a basis for valid generalization of all co-operative societies in Nigeria, with regards to the role and importance in Orsu local government area.


1.7 Limitation Of The Study

However, the following factors were the limitation of the study:

1. Lack Of Finance:

The main factor that can disorganize the effort was lack of finance. To take a wide study on the role and importance of co-operative education toward co-operative business enterprise of co-operative societies in Orsu local government requires a huge sum of money will enable the researcher travel far and wide, searching for valuable materials, information to work with.

2. Inadequate Research Materials:

The materials relating to this project were scarce and difficult to lay hands on, however best use was made of what was available.


1.8 Definition Of Terms

1. A Co-Operative:

Is an autonomous association of persons’ unit voluntary to meet their common economic, social and cultural needs aspirations through a jointly owned and democratically controlled enterprise (ICA). In 1995 during the centenary marked one hundred yeas of the existence of formal co-operative in the world.

2. Education / Training

Is a process of designed to give knowledge and develop skills. This is the fifth (ICA) representative management of their co-operative. It is also an academic focused program which allows students to obtain professional work experience while still in college. It is a unique opportunity for student to apply their academic preparation to real world situations in business and industry.

3. Management Of Co-Operative Business Enterprise:

The government body of a registered co-operative society to whom the management of its affairs in entrusted.

4. Co-Operative Education

Is a technique of learning that many perceive as being proffered over competitive situation. The concept is that of “divided we fall, united we stand” (Johnson, Johnson and Smith 1991).

5. Co-Operative Education

May be defined as a structured program in which period of related work experience. At the secondary level, co-operative, members usually attended classes for past of the ay and part of work for the day. This is designed for co-operative members to enable them to be experts and have the knowledge and skills in order to competitive in the market environment.

6. Co-Operative

Is a legal entity owned and democratically controlled by its members. Members often have a close association with the enterprise as producers or consumers of its productivity or service or as its employers.


I bet you, the complete material is fully loaded. This is just an excerpt. The Material is in MS-Word Format which you can easily edit and is comprehensive for a complete research work for this topic


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How to nail it on the head during your project defence


You are through with writing that project. Now what?

You have found yourself at that point where you have to defend what you have written. Of course you have to stand in front of your supervisor and other literary personalities to prove that you know what you wrote in your project paper. Unfortunately, the more you think about it, the more it looks like you are about to face a legion. It is not a war. But the emotion of dread welling up inside of you makes it look like one. So now you are asking yourself questions.

  • How am I going to start?
  • I hope I will do well enough to get an A.

You really want to nail it, but you need to come to terms with exactly how to get everything in perfect control. Especially your emotions of fear that seem to make a wreck of you every time you think about public speaking.
So here is the deal. I want to help you avoid that feeling that would ruin your precious moment if you dare to let it. And we are going to do it together.

I am going to highlight some very important tips to help you get in control for you to be comfortable enough to move from that feeling of DREAD to CONFIDENT; and making an awesome Impression for that great rating your supervisors should be giving to you so freely.

Consider these tips as you prepare for your defence. We will be taking them one after the other so here we go.


Watch Your Body Language And Keep It Confident:

Can you tell that a person is falling apart if they look confident? … If I can second guess you rightly, am sure you answered no to that question. Remind yourself that you need to come out that way. Now this might seem like a huge big deal when you are dealing with the foreboding. Maintaining a poise of confidence is very important. So find your most comfortable position, sitting or standing and draw up your body. You must exude confidence. It is something you need to do for yourself. People can only see what you allow your body language to show. So you must endeavour to put that out. Remember the story of David and Goliath? … At the end of your defence day, you want to be David.


Dress In Your Most Comfortable And Impressive:

Am sure this one is a no brainer. However I must highlight that you choose comfortable pieces. You don’t want to look so good and yet look like you were forced to wear something that does not belong to you. It’s great to ensure that as impressive as your clothes are on you, that they are also very comfortable.


Speak With Authority:

Going hand to hand with that aura of confidence is your most powerful asset:your words. If you look that confident, your words must not come out like whimpers. To be able to pull this off, you definitely need to speak as deliberately as possible in expressing yourself. Let them also hear what they see.


Use, Your Gestures:

I have often found this to come to my rescue in dealing with shyness and conveying my confidence. Usually it gives you an edge to also drive home your point. You must, however, ensure that you do not over use it. It doesn’t mean that your hands should be flying all over the place. That would be absolutely unnecessary. If you do this well, after a while you will realize that you are not as self-conscious as you used to be at the very start. For most situations, it would have completely disappeared altogether; leaving a really confident you talking.


Have A Good Opening And Closing Line:

Make sure you have perfected a good opening line. You should also be armed with a good closing line too. Try and rehearse it to a friend. If for the first time you presented it, your friend does not say “wow, that’s beautiful” or something like that; just know you need to keep refining it until you get the perfect line. Both opening and closing lines will go a long way in how impressed your panel gets to rate you high.


Make Sure You Know Your Work:

Certainly you should understand how important it is to know your own work from start to finish. Not having in-depth knowledge of your own work is tantamount to a suicide mission. Why should you kill yourself?
When all is said and done, this is what you came to defend in the first place. You should know your work from A to Z.


Prepare For The Questions:

Now this part is truly essential. You must be sure you do not floor all the good work you did on your presentation by not answering correctly. You must pay attention to the questions you are asked to be sure you will give the right answer. Many people get it wrong at this stage and spoil their good presentation. When you do not understand any question do endeavour to ask the person to expatiate what they mean before you answer.


These tips are by no means exhaustive, but applying these tips will give you some necessary advantage you need for a great outcome. Of course that outcome would mean that you eventually earn all your points on this project.


The structure of a good project work


Undergraduate projects in Nigeria is a prerequisite for graduation amongst Nigerian tertiary students who will which to obtain bachelors degree in their respective courses of study such as accounting, banking and finance, business administration and a host of others. Writing an undergraduate project in Nigeria for final year students entails a lot both financially and otherwise. Being able to develop any final year project depends on getting a researchable topic whether it is Accounting Undergraduate project topics, Banking and Finance research topics or banking and finance project topics and materials and it all requires diligent hard work of students who are willing to develop best undergraduate projects in Nigeria and graduate in flying colors.

A typical Undergraduate project in Nigerian tertiary institutions can be said to be divided into five or six chapters depending on the format of the school and course of study which are


1. Introduction

The introduction of an undergraduate project states the main research problem and research argument. What precisely the study is all about and why it is important. It looks at the originality of the research work and how it will fill the gap in other studies. Justification for a research undergraduate topic should not be lengthy before it has been explicitly stated.

Below are the contents in chapter one of an undergraduate research project which includes;

  • Background of the study,
  • Statement of the problem,
  • Objectives or aims of the study,
  • The research questions,
  • Research hypothesis,
  • Significance of the study,
  • Scope of the study,
  • Limitations of the study and
  • Operational definition of terms.

2. Literature review

Literature review of any undergraduate research work, be it business administration project topics or Economics project topics just to mention a few is very critical to securing a high grade in one’s project work. The literature review of a research process uncovers what other writers have written about the student’s topic. A student’s undergraduate research work should include a discussion or review of what is known about the subject and how that knowledge was acquired. The review could conclude with a brief summary of the literature and its implications. The contents of the literature review are the theoretical review, conceptual framework, empirical review and summary of literature review.

3. Research Methodology

This section includes a description of the research methods used in the undergraduate research work such as the sample size, data collection methods, measurement instruments, research data analysis procedures and the population from which the sample was selected.  This section also describes the method used in selecting the sample or samples, validation and reliability of the instruments used in the research work. There are different research statistical techniques used in undergraduate research work such as SPSS, e-views etc.


4. Results & Discussion

This section presents and discusses the data analysis results used in an undergraduate research work, the results of each analysis is being summarized, tabulated, and then discussed for each research question.  Then for each research hypothesis, the statistical test of significance selected and applied to the data is briefly described, followed by a statement indicating whether the hypothesis was supported or not supported.  In presenting the result analyses/summary in an undergraduate project tables and figures and or graph are used to add clarity to the presentation.


5. Summary, Conclusions And Recommendations

This section summarizes the findings of the study in an easy to understand manner.  It also explains the practical implications of those findings, and points to recommended directions for future research in that area.


References:

This is where every source cited in the undergraduate research work is being included. Every undergraduate research work must be properly referenced for its authenticity.


Choosing A Good Project / Research Topic


Students in Nigerian universities these days wish to choose a very simple project topic/material. There is no issue choosing a simple project topic; the only problem is your ability to choose a good project or research topic that your supervisor will easily approve for you.

Most project supervisors really want to see how good his or her project student understands his or her surrounding through the kind of topic he or she chooses for their project work.

There are some project topic that are not reject-able; for instance in Nigeria of today; what do you think is the major issue on ground now?

If a project student can choose or craft a topic on the effect of dollar increment on the economy of Nigeria. Such project topic will be very interesting to write on.

Now what are the qualities of a good project topic?

  1. The materials for the project topic must be easily assessable.
  2. The project topic itself must be meaningful.
  3. The variables must be able to give a clear aim of the project topic.

What do I mean by variable?

Well I am deriving my point from the area of project writing; the variables here are those main words in the project topic.

Like the above project topic; the effect of dollar increment on the economy of Nigeria. You can see the main variables that really define this project topic are:dollar, increment and economy.

Before you present your topic to your project supervisor, first of all understand your project topic, and then secondly try to do some research for your topic to see if at least you can get up to 60% of what you need to write the complete project.

I said that above because you might have a very nice topic that the materials are not available online and there are no books as regard the topic; in this case the project topic becomes difficult for you even though the topic is catchy.

What do I mean by your topic being assessable?

Well what I mean is very simple and easy to understand. Simply pick your project topic, type it on google and see if you will have at least a good background for the topic you are writing on.

If you can have a good background for your project topic and you can understand the problem associated with the project topic, then I believe the aim of the project is not far-fetched.

SAMPHINA ACADEMY

SAMPHINA ACADEMY

Samuel Obiora Blessed is the CEO and founder of Samphina Academy (samphina.com.ng) a.k.a Nigeria Students Media, the youngest engineering graduate of Federal Polytechnic Nekede in 2017 and the engine brain behind this great platform. He is the man behind the scene, filled with many potentials, a musician as well as a pro developer with the interest of Nigerian students at heart.

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