Batangas Heavy Fabrication Yard Multi-Purpose Cooperative: Basis for Business Operation
Authors: JENNIFER D. MASICAT, MBA
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This research aimed to determine the proposed business initiatives to enhance the operation of Batangas Heavy Fabrication Yard Multi-Purpose Cooperative for the long survival and growth. More specifically, it shall answer the following objectives to describe the profile of the respondents in terms of their age, gender, type of membership and shared capital; to assess the business operation of the cooperative in the aspects of its management, marketing, finances, facilities and technology and their delivery of services; to identify the problems encountered by the cooperative in its business operation; to determine the significant relationship between the profile of the respondents and their assessment to its business operation; and to propose an action plan and to assess the business operation of BHFY Multi-Purpose Cooperative. The researcher used the descriptive correlation design in the study to obtain information concerning the current status of the BHFY-MPC cooperative; to describe what exists with respect to the variables or conditions in a situation. Based on the result, majority of the members are aged 51 to 55 years old, holding the regular type of membership and have a shared capital ranging from 51,001 to 100,000.The finding of the study states that the BHFY Multi-purpose cooperative performs well in terms of its management, marketing, finances, facilities and technology and delivery of services. Also, there are problems seldom encountered in the operation of the cooperative but the cooperative never encountered problems like overinvestment, ineffective leadership of management team and board of directors, inadequate source of fund, income of cooperative affected by negative issues and mismanagement of funds by the officers. Also, the type of membership influences the members’ assessment on the type of delivery of services; moreover, age contributes to the assessment of the business operation in terms of management and delivery of services. Furthermore, a proposed measure was formulated to enhance the business operation of the cooperative.