Policies and practices: Optimizing operational efficiency and performance metrics in Naga City cooperatives
Abstract
This research, based on a mixed-methods study of 10 micro and small cooperatives in Naga City, Philippines, proposes a developmental improvement plan and a comprehensive performance measurement system to address the need for enhanced digitalization while capitalizing on existing strengths in compliance and operational practices. The study identifies high levels of compliance in areas such as regulatory adherence and financial reporting, alongside strong engagement in financial management and manpower resource development. However, it highlights a crucial need for improvement in digitalization to optimize operational effectiveness and member engagement. The proposed cyclical process for continuous improvement encompassing assessment, planning, implementation, evaluation, and feedback/adjustment is designed to guide cooperatives in strengthening key operational areas, including financial management, digital transformation, operational efficiency, compliance, employee performance, and customer-centricity. A detailed set of specific metrics and target goals for each area is provided, enabling cooperatives to continuously monitor, evaluate, and enhance their performance, ultimately leading to greater value creation for their members and the community.
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