Gustler James Javier Puno- BSIS II September 15, 2022

Organization and Management

(Cooperative and remaining Questions)
COOPERATIVE
Definition: It is an association that consist of
people that is owned and controlled by people
(example for this is the Tagum Cooperative and
other Cooperatives) to have their common
economic, social needs and aspirations
through a jointly-owned and democratically
(democratically because most likely in a
cooperative there is a Board of Directors
wherein they vote for a position) controlled
business.
Advantages Disadvantages
Advantages would be in economic side of things of the It isn’t much as profitable to the owners or founders it is
members. For instance in our Local Cooperative here in because the earnings and profits of a cooperative has some
town which is the Tagum Cooperative, they provide loans sort of equal distribution among every employee and members
for productive purposes per let’s say the member of the alike, depending on their contribution as well.
cooperative wants to have a capital for his or her small
business, most likely, a cooperative helps those people
who are in the lower income bracket side of things.
Cooperatives help people come together as a community. Mistrust exists among cooperative members, as well as
My example for this one will be as I observed in like general members and the administration / board. The lack of
funerals or something like a mourn, usually, the local openness between the governing board and the general
cooperative here in town sends Flowers to the family of members is a major difficulty in co-operatives. Leadership,
the deceased and maybe even provides financial managerial, and financial management abilities are frequently
assistance for the time being as well, such as food and lacking.
snacks during the mourn, and maybe even having a
funeral service provided by the cooperative itself.

2. Of the four (4) forms of ownership, which, in your opinion, is the best form? Consider your answers from the first
item.

Answer: For me, it really depends on your

current financial situation, because if you are
just starting out, the Sole Proprietorship might
be the best options of ownership there it is
because you can be a sole business owner
with not much capital, unlike the other forms of
ownership wherein you need large sums of
capital to make it work in the first place.
Meanwhile, I consider the other forms of
ownership as well such as Partnership it is
because for me, it is quite nice to have a buddy
on your business, doing your things together,
and having a like minded person in your
business is such a nice thing to have, for the
Business itself to grow exponentially with the
connecting minds between me and my partner.
I may add, I also consider having a Corporation
in the later years of my life, when I have the
capital to spare to build one, and have such
strong connections to a certain industry to
build such an ownership of a Corporation. And
lastly, Cooperative is more of like a local
business thing for me wherein people there are
some sort of like in a community based
business, and when I build a Cooperative soon,
I do not expect much of a profit it is because it
is for the community itself, having the mutual
interest, let’s say a Cooperative in your town
and stuff like that.

3. Expound on one (1) basic consideration in establishing an organization.

Answer: For me, one basic thing to consider

when establishing an organization is to have a
solid and concrete vision for either it be a
business you are trying to build or let’s say
Corporation. From Business Plans to ensuring
the Capital is enough, to ensuring that you can
maintain your organization not just financially
but in terms of a good work ethics, especially,
we need to consider the people that we want
and need for our organization, wether he or she
is fit and just for the position, he or she must
be screened according to his or her set of skills
to do his or her role in the organization really
well and also, to secure a success in building
an organization.

4. Explain one (1) principle of an organization and give an example.

Answer: For this one, I will be explaining one

principle of an organization and it is the
Principle of Responsibility. With the Principle
of Responsibility, those who staffs and people
of the organization must have a duty to ensure
a sustainable development in the organization
as well as having the job to be responsible in
the scope or task that is given to you in the
workforce.