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Nature and Function of  Co-operative Management  

Nature and Function of Co-operative Management

Nature & Function of Cooperative Management

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Nature and Function of  Co-operative Management  | Co-operation | studynotes1.com 
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Introduction of Nature and Function of Co-operative Management

    In the first case we studied the different types of co-operative societies. In these cases we will study how the management of co-operative societies works, its meaning, definition as well as the nature and function of co-operative management and also the function / role of the chairman and secretaries We will also study the role of leadership in business management and cooperative management.

Meanings of Nature and Function of Co-operative Management

    Considering co-operative management, it can be said that people in the co-operative sector, i.e. co-operative societies, come together and manage their co-operative society in a spirit of co-operation to control or oversee everything.
    Some persons are important for the proper management of the co-operative society in which the general members, the managing committee i.e. the board of directors, the chairman i.e. the chairman, the vice-chairman i.e. the deputy chairman, the secretary i.e. the secretary, the executive director, the treasurer and the manager are all responsible.
    The day to day operation and management of the co-operative society is done by the managing committee and its other officers. In addition, the president and secretary of the co-operative society also have important management responsibilities. We will consider the role of all these individuals later.
    In short, co-operative management is management based on the principle of co-operation.
 
Nature and Function of  Co-operative Management  | Co-operation | studynotes1.com 
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Definition of Nature and Function of Co-operative Management

General
    “Cooperative management is an effective and purposeful relationship in management with a spirit of cooperation between the organization and the individuals within it with the aim of enhancing competitiveness.”

NATURE OF CO-OPERATIVE MANAGEMENT

    Based on the following points you can understand the nature of cooperative management.

1. Daily chores/Work

    The day to day work or management of the co-operative society is done through the managing committee and the members of this committee are the representatives elected by the members. It is the duty of the members to work for the co-operative society by solving the problems that come up by completing the daily work. Therefore, this important part of co-operative management is to complete the day-to-day work properly. Keeping track of day-to-day transactions, completing day-to-day transactions and controlling day-to-day activities are part of day-to-day operations.
2. Democratic method
    In the first session we studied the co-operative and communist economy as well as the co-operative and capitalist economy. The work or day-to-day management of the co-operative society is done in a democratic manner as the co-operative society is established on the principle of agriculture and in particular on the principle of democracy. Because a co-operative society is an organization set up for the people by people with the same goal. Therefore, the management of a co-operative society is not dictatorial but democratic.
Nature and Function of Co-operative Management

3. Coordination

    Balancing two things means coordination. In the management of a co-operative society, the right decision is taken for the co-operative society by considering the democratic system of control and managerial efficiency. Because if management is done without coordination between democratic control and managerial efficiency, it can be to the detriment of the co-operative society. So in co-operative management, management is done by coordinating between democratic control and managerial efficiency.

4. Business approach

    The business approach means that the co-operative has to make decisions based on its own business and carry out the management. Therefore, co-operative management is done by adhering to the co-operative principles as well as considering the business approach. This is because many co-operative organizations are professionals. For example, consumer co-operative stores, consumer co-operative societies, rural co-operative societies, urban co-operative societies, etc., have to be managed with their business acumen in mind. This is because the co-operatives need to have financial capacity to continue working and the co-operatives have to carry out their business activities to increase the financial capacity.
Nature and Function of  Co-operative Management  | Co-operation | studynotes1.com 
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5. Obstacles and bug fixes

    The people in the co-operative management are aware of the obstacles and shortcomings that arise in the co-operative society, so these obstacles and defects are solved through co-operative management. For this, the members of the co-operative society are also given training on co-operation and the skills required for management are also studied. The major challenge facing the co-operative society is to overcome the obstacles and shortcomings that arise in the co-operative society.

6. Social process

    Co-operative management is a collective social process carried out by the members and officers of an organization as well as office bearers or activists. This co-operative management is due to the contribution and co-operation of all. Institutions are making a great contribution to the social development of this society. Therefore, many sections of the society have come together and formed this co-operative society. So cooperative management is a social process.

7. Inclusion of principles

    Every task of management in a co-operative society is carried out according to the principle of co-operative society or co-operative. Because basically co-operative societies are established on the principle of co-operation. Therefore, the co-operative management of a co-operative society is done by the members only by implementing the co-operative principles.
Nature and Function of  Co-operative Management  | Co-operation | studynotes1.com 
For MCQ Quiz on this topic visit to 👉 Co-operative Management MCQ QUIZ

FUNCTIONS OF CO-OPERATIVE MANAGEMENT

    If you think of the functions of co-operative management in the same way that you feel when you think of business management, you will be able to describe some of the functions of co-operative management. Cooperative management functions include the following functions
1. To do planning work
2. Working in an organization
3. To give training
4. To guide
5. To work in coordination.
6. To control
Let us study this work in detail.
Nature and Function of Co-operative Management

1. To do planning work

    The most important task in co-operative management is planning as it is necessary to plan before starting any work as planning helps to complete the work. It is necessary to call a meeting to plan.

2. Organizational work

    The word organization basically means to bring together or bring together or unite. The task of co-operative management is to bring together the people in the co-operative society i.e. to form a specific structure of members or board of directors and give it an organizational form. In this work, the specific responsibility of the individual or elements at each level is defined.

3. To train.

    Once a co-operative society is formed, it is the job of the co-operative management to train its members. The purpose of training is to develop the skills and abilities of our members, hence the importance of training in co-operative management.

4. To guide

    In co-operative societies established on co-operative principle, the task of co-operative management is to train its members for various things as well as to guide them in everything. It is important to guide each member to achieve the goals set by the organization.
 
Nature and Function of  Co-operative Management  | Co-operation | studynotes1.com 
For MCQ Quiz on this topic visit to 👉 Co-operative Management MCQ QUIZ

5. To work in coordination.

    Coordination is the act of balancing two things. If there is no coordination in any task, that task is not completed. Therefore, it is important in co-operative management that every task should be coordinated and the task should be completed. Only by co-ordinating and fulfilling the objectives can the organization develop.

6. To control.

    The important function of co-operative management is to control the day-to-day operations of the co-operative society and to overcome the problems that may arise in this regard. Control is needed to correct past mistakes or to avoid any problems or obstacles in the future.
Nature and Function of Co-operative Management
 

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Nature and Function of Co-operative Management

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