Karnataka State law University.
Navanagar, HUBLI – 580 025.
Phone: 0836-2222392 Fax: 0836-2223392
Principles and practices of management
PROJECT:- done at KMF ( co-operative society)
NAME:- Santosh B. M.
SUBMITED TO:-Mr. Gangadhar G.
TABLE OF CONTENTS
* INDUSTRIAL PROFILE
a) Introduction to co-operative society,
c) Evolution or development.
* COMPANY PROFILE
a) Background of company,
b) Vision and mission statement society,
c) Evolution of KMF,
d) Products profile,
e) Area of operation,
f) Ownership pattern,
g) Competitor information,
h) Infrastructural facilities,
i) Achievement or award if any,
j) Future prospectus.
* MC KENSY’S 7s FRAME WORK
g) Share value.
* SWOT analysis.
* Summary of latest annual report.
(a) INTRODUCTION TO CO-OPERATIVE SOCIETY
There is no universally accepted definition of a co-operative. In general, a co-operative is a business owned and democratically controlled by the people who use its services and whose benefits are derived and distributed equitably on the basis of use. The user-owners are called members. They benefit in two ways from the co-operative, in proportion to the use they make of it. First, the more they use the co-operative, the more service they receive. Second, earnings are allocated to members based on the amount of business they do with the co-operative. In many ways, co-operatives resemble other businesses. They have similar physical facilities, perform similar functions and must follow sound business practices. They are usually incorporated- under state law by filing articles of incorporation, granting them the right to do business. The organizers draw up bylaws and other necessary legal papers. Members elect a board of directors. The board sets policy and hires a manager to run the day-to-day operations. But in some ways, co-operatives are distinctly different from other businesses. These differences are found in the co-operative's purpose, its ownership and control, and how benefits are distributed. They are reflected in co-operative principles that explain the unique aspects of doing business on a co-operative basis. CO-OPERATIVE SOCIETY
A co-operative society is formed by the people of limited means for self help through mutual help. It is set up to protect economically the poor sections of the society. It is set up for cooperation, not for competition. The motto of a society is self help, without dependence on other business units.
According to Herrik,"Cooperation is an action of persons voluntarily united for utilizing reciprocally their own forces, resources or both under mutual management for their common profit or loss." According to Mr. Plunket,
"The cooperation is self help made effective by organization." Co-operative Society
ADVANTAGES OF CO-OPERATIVE SOCIETY
Following are the important advantages or merits of co-operative society: 1. Advantage for Farmers
2. Easy Formation
3. Equal Rights
.4. Equal Distribution of Wealth
5. Economic Democracy
.6. Elimination of Middlemen
7. Financial Assistance
8. Friendly Relations
9. Improve the Standard of Living.
10. Increase in Employment
DISADVANTAGES OF CO-OPERATIVE SOCIETY
Following are the disadvantages of co-operative societies: 1. Lack of Capital
2. Untrained Supervision
3. Defective Organization
4. Illiterate and Ignorant.
5. Lack of Experience
6. Lack of Discipline...
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