A Literature Review on Entrepreneurial Elements and Cooperative Organizations Development

Ann Yang
Student of MBA Program, Cheung Kong Graduate School of Business (CKGSB), Beijing, China

Haizhou Zhang
Faculty of MBA Program, Cheung Kong Graduate School of Business (CKGSB), Beijing, China

Abstract


The entrepreneurial organizations have gained in awareness and interest among researchers, yet we know relatively little about how these organizations are able to create social and economic value. This study aimed at determining the entrepreneurial factors that influence cooperative development. Cooperatives practices are built on fair play, democratic management, and equitable contribution and distribution of surpluses. The cooperative business framework has an all-inclusive reputation in assisting members attain self-sufficiency and achieving a fairly equitable share of the surplus. Amongst the pressing issues confronting societies worldwide is the unavailability of exploitable opportunities for young people engage themselves, particularly in developing nations. Young graduates today perceive their future employment as depending on their ability to be creative and innovative as the era of readymade jobs has gone. The study aimed principally to reassess likely entrepreneurial motives which young people could exploit in establishing a cooperative. A review of literature showed planning competencies, administrative skills, type of personality, resource characteristics, market features, and financial management as major factors of cooperative and business entities alike. In conclusion, both entrepreneurship and cooperative activities will strengthen these economies, while also providing opportunities and advancements for the rural population. It is recommended that structural reform of the cooperative policy framework, including legal and regulatory procedures should be undertaken to effectively drive cooperative development. The paper offers interesting insights for existing for‐profit multi‐business companies to rethink their business models, particularly for developing country contexts.

Keywords

Entrepreneurial Factors, Development, Cooperative, Organizations.

To cite this article

Yang, A., & Zhang, H. (2018). A Literature Review on Entrepreneurial Elements and Cooperative Organizations Development, International Journal of  Management, and Social Sciences Review (IJMSSR). Vol. 2, No. 1, pp.1-9. Doi:10.5281/zenodo.2730168

 

Copyright

Copyright © 2018 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

 

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