Members Knowledge of Cooperative Business Enterprise and The Associated Benefits in Ijebu Ode Ogun State

This study aims to assess members knowledge of cooperative business enterprise and the associated benefits in Ijebu Ode Ogun State. Primary data was obtained by means of structured questionnaire to get information from two hundred (200) respondents using a multi-stage sampling technique. The data collected during the research process was analyzed with descriptive statistics using frequency counts, percentages while t-test statistical method was used to analyzed research hypothesis. The findings showed that there is a statistically significant relationship between members knowledge and cooperative business benefits. The study further indicates a significant impact between the socio-cultural factors and knowledge of cooperative, and a significant impacts between technological factors and knowledge of cooperative business enterprise. The study concludes that enhancing member’s knowledge about the benefits of cooperative organizations in Ijebu Ode is essential for their growth and effectiveness. It is therefore recommended that the implementation of regular workshops and training sessions focused on the principles and benefits of cooperatives, as well as trainings addressing cooperatives specific needs, such as financial management and ICT be embraced. This will no doubt enhance the growth and sustainability of cooperative organizations in Ogun State.

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Publication Details

Journal
Journal of Entrepreneurship and Business Venturing
Published
2025-02-28
DOI
https://doi.org/10.56536/jebv.v5i1.144
Primary Topic
Working Capital and Financial Performance
Type
article
Field-Weighted Citation Impact
0.00
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article

Members Knowledge of Cooperative Business Enterprise and The Associated Benefits in Ijebu Ode Ogun State

Tawakalitu Abimbola Obasan, Oluwakayode Peter Oluwasanya, O. M. Dada
Journal of Entrepreneurship and Business Venturing
Working Capital and Financial Performance
article

Members Knowledge of Cooperative Business Enterprise and The Associated Benefits in Ijebu Ode Ogun State

Tawakalitu Abimbola Obasan, Oluwakayode Peter Oluwasanya, O. M. Dada
article en

Abstract

This study aims to assess members knowledge of cooperative business enterprise and the associated benefits in Ijebu Ode Ogun State. Primary data was obtained by means of structured questionnaire to get information from two hundred (200) respondents using a multi-stage sampling technique. The data collected during the research process was analyzed with descriptive statistics using frequency counts, percentages while t-test statistical method was used to analyzed research hypothesis. The findings showed that there is a statistically significant relationship between members knowledge and cooperative business benefits. The study further indicates a significant impact between the socio-cultural factors and knowledge of cooperative, and a significant impacts between technological factors and knowledge of cooperative business enterprise. The study concludes that enhancing member’s knowledge about the benefits of cooperative organizations in Ijebu Ode is essential for their growth and effectiveness. It is therefore recommended that the implementation of regular workshops and training sessions focused on the principles and benefits of cooperatives, as well as trainings addressing cooperatives specific needs, such as financial management and ICT be embraced. This will no doubt enhance the growth and sustainability of cooperative organizations in Ogun State.

Journal of Entrepreneurship and Business VenturingVol. 5(1)
Olabisi Onabanjo University (NG)
Openalex Percentile: Top 92%
Working Capital and Financial Performance
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