Cooperative Entrepreneurship Distruption: Challenges and Opportunities


Authors : Dada, Samuel Obafemi; Ajayi, Ibidolapo Ezekiel; Obisesan, Oluwaseun Grace

Volume/Issue : Volume 9 - 2024, Issue 5 - May

Google Scholar : https://tinyurl.com/59abewjv

Scribd : https://tinyurl.com/pnnzyx4p

DOI : https://doi.org/10.38124/ijisrt/IJISRT24MAY2430

Abstract : The paper examined cooperative entrepreneurship positives and downsides. This research examined how cooperative prospects affect cooperative entrepreneurship growth and how economic difficulties affect it. The research population includes 4,238 persons from five Ekiti central senatorial district local governments. A systematic sample of 353 was employed in the study. Percentages and frequency tables are descriptive statistics, whereas, multiple regression analysis is inferential. The study found that cooperative entrepreneurship is both disrupted (p= 0.000 < 0.05) and challenged (p= 0.000 < 0.05). According to studies, low-income people should join cooperatives. Disruptive innovation was recommended for cooperative entrepreneurs seeking performance improvement. Research shows that cooperative entrepreneurship disruption is crucial to entrepreneurial success. Entrepreneurial disruption has not helped cooperative societies, the research found.

Keywords : Cooperative, Entrepreneurship, disruption, Challenges, Opportunities.

References :

  1. Abeh A. & Echukwu J. I. (2018). Entrepreneurial Factors and Development of Cooperative                Organizations in Nigeria: A Review of Literature, International Journal of Scientific                and Research Publications, 8(11), 102-109.
  2. Abimbola A. D., Ademola, A. & Adebola, F. T. (2019). The Effect of Entrepreneurship Development and Disruptive Innovation on Economic Growth: A Study of Small Scale Business Owners in Abeokuta. International Journal of Advanced Studies in    Economics and Public Sector Management, 7(1), 102-113.
  3. Agarwal, A. W. & Selma, N. W. (2022). Disruptive thinking in social entrepreneurship: Challenges and effectiveness. African Journal of Business Management, 16(4), 82-89.
  4. Ajayi I. E & Chilokwu I. D. O. (2021). Influence of Cooperative Societies on the Wellbeing of  Staff  Among Universities in Ekiti State, Nigeria. British Journal of Management and         Marketing Studies, 4(4), 21-33.
  5. Ayodele, M. O., Aruleba, T. J., Oko, D. O. & Babarinde, P. K. (2019). Improving The Performance of Family-Owned Small and Medium Scale Enterprise: The Role of               Disruptive Innovation. Global Scientific Journal 7(8), 1226-1238.
  6. Geeta Y. (2018). A Study on the Impact of Cooperatives on Economical Development. International Journal of Research – GRANTHAALAYAH, 6(5), 238-243.
  7. Katekhaye D. and Magda, R. (2017). Impact of Rural Entrepreneurship on Poverty Alleviation- study of Rural India. Albanian j. agric. sci. 16(3) 101-107.
  8. Kowo, S. A., Akinbola, O. A. & Akinrinola, O. (2018). Effect of Growth Drivers on Cooperative Societies. World Scientific News an international Scientific Journal, 117-  130.
  9. Marinés A. (2017). Cooperative entrepreneurship in Puerto Rico. Int. J. Entrepreneurship and Small Business, 32(3), 386-401.
  10. Muzamil J. (2013) Impact of Cooperative Entrepreneurship on Women’s Decision Making and Social Freedom. SDMIMD Journal of Management, 4(2), 37-47.
  11. Niazi, A. (2017). The Role of Entrepreneurship, Innovation and Marketing Capability in Small and Medium-Sized Enterprises (SMEs). International Journal of Economic      Perspectives, 11(3), 1748-1759.
  12. Ojiagu N.C. & Ezemba N.E (2021). Cooperative Entrepreneurship and Social Empowerment of Rural Dwellers in Anambra State, Nigeria. International Journal of Management &            Entrepreneurship Research, 3(7), 277-287.
  13. Oyo-Ita D., Chris-Ossai, E., Oputa, A., Sodeinde, A., Ogunnaike, O., Worlu, R., Ogbari, M.,   & Ukenna S. (2020). Disruptive Innovation: A Driver to Entrepreneurial Success.            Academy of Entrepreneurship Journal, 26(4), 1-12.
  14. Rohanaraj T. T. A. (2021). Cooperative entrepreneurship and sustainable development – an              omani perspective. Global scientific journal, 9(3), 325-331.
  15. Roy S. G., Lufuno, N. & Kola O. O. (2018). The Contribution of Co-operatives to Rural        Economic Growth and Poverty Alleviation in South Africa: Lessons from Bangladesh.                 Bangladesh e-Journal of Sociology, 15(2), 105-119.
  16. Sanchez‑Robles, M., Saura. J. R. & Ribeiro‑Soriano, D. (2023). Overcoming the challenges of             cooperative startups businesses: insights from a bibliometric network analysis. Review of Managerial Science https://doi.org/10.1007/s11846-023-00670-9
  17. Simkhada, N. R. (2013). Problems and prospects of the cooperative sector in Nepal for promoting financial inclusion. Enterprise Development and Microfinance, 24(2), 146-159.
  18. Winifred, E. N. & Nwankwo, O. F. (2023). Influence of Cooperative Societies on the Performance of Small and Medium Enterprises in Oyo State, Nigeria. International     journal of entrepreneurial and cooperative studies, 6(1), 1-17.

The paper examined cooperative entrepreneurship positives and downsides. This research examined how cooperative prospects affect cooperative entrepreneurship growth and how economic difficulties affect it. The research population includes 4,238 persons from five Ekiti central senatorial district local governments. A systematic sample of 353 was employed in the study. Percentages and frequency tables are descriptive statistics, whereas, multiple regression analysis is inferential. The study found that cooperative entrepreneurship is both disrupted (p= 0.000 < 0.05) and challenged (p= 0.000 < 0.05). According to studies, low-income people should join cooperatives. Disruptive innovation was recommended for cooperative entrepreneurs seeking performance improvement. Research shows that cooperative entrepreneurship disruption is crucial to entrepreneurial success. Entrepreneurial disruption has not helped cooperative societies, the research found.

Keywords : Cooperative, Entrepreneurship, disruption, Challenges, Opportunities.

Never miss an update from Papermashup

Get notified about the latest tutorials and downloads.

Subscribe by Email

Get alerts directly into your inbox after each post and stay updated.
Subscribe
OR

Subscribe by RSS

Add our RSS to your feedreader to get regular updates from us.
Subscribe