The document summarizes a study on the business operations of Laur Transport Service Cooperative amidst the COVID-19 pandemic. The study aimed to describe the cooperative's operational profile during the pandemic, analyze its business operations across four aspects (organization/management, marketing, technical/operations, financial), identify problems in each aspect, and propose recommendations. A survey of 91 cooperative members was conducted to gather data on how the pandemic impacted operations, revenues, cash flow, trips, and workforce. The results showed most operations ceased initially and have since resumed with various operational issues encountered. The study provides analysis of the cooperative's performance across the four business aspects and identifies challenges in each to inform recommendations in a proposed development plan.
Dealing with the corona virus crisis and its aftermath is the largest single challenge facing our business
community today. This challenge has in fact restructured the global economic order-leaving many
organizations with a single agenda item: near-term survival. Others, in a more fortunate position, look forward
with uncertainty, as they try and discern what will define the “new normal”. In response to this challenge the
St. Lawrence Corridor Economic Development Commission has begun a 3 phased strategy to support the
commercial industrial sector’s continued operation while planning for the recovery of the local economy.
After more than two months of uncertainty, we’re beginning to see the light at the end of the tunnel. The @SL_Corridor is collaborating with stakeholders & industry leaders on a number of important fronts. Manufacturers are adapting and supporting local PPE needs, business partnerships are developing, and many are embracing remote work & more. We’re still fighting the good fight. Creating jobs has never been more challenging or more important. Here is our update in the midst of the pandemic.
A value added approach by triple bottom line for Sustainable DevelopmentTapasya123
In the era of 21st century, a Triple Bottom Line not only measure profits as earlier,
but also measures the social, environmental and economic dimensions of an entity
through its activities and processes. It is a new way of evaluating a company’s impact
of their actions on both local as well as global scale for the survival and longevity
of an organisation. Due to uncertainty and unpredictability, corporate values are in
move from traditional to human and societal values. It is the first and foremost
responsibility of profit, non-profit or government sector to fulfill the various obligations
of their stakeholders as well as the planet we are living on. Traditional Accounting
methods do not take in consideration the intangible assets (human capital and intellectual
capital) and risks. Though, these factors are also the main attributes that affect
organisations accountability. Thus, there is a need of the hour to develop a system
of accounting that may include intangible assets and risks. There lies a major reason
for emergence of triple bottom line. Triple bottom line is thinking holistically, exploring
the inter-related relationships between the economic, social and environment that is
People + Planet + Profit (3 P’s). The companies aiming for sustainability need to
perform not against a traditional single, financial bottom line but against the triple
bottom line. This paper focuse on how triple bottom line approach change the way
of evaluating and reporting the performance of corporations. This paper emphasis
on how a value addition in financial bottom line changed into triple bottom line.
A Value Added approach by Triple Bottom line for Sustainable Developmentprofessionalpanorama
In the era of 21st century, a Triple Bottom Line not only measure profits as earlier,
but also measures the social, environmental and economic dimensions of an entity
through its activities and processes. It is a new way of evaluating a company’s impact
of their actions on both local as well as global scale for the survival and longevity
of an organisation. Due to uncertainty and unpredictability, corporate values are in
move from traditional to human and societal values. It is the first and foremost
responsibility of profit, non-profit or government sector to fulfill the various obligations
of their stakeholders as well as the planet we are living on. Traditional Accounting
methods do not take in consideration the intangible assets (human capital and intellectual
capital) and risks. Though, these factors are also the main attributes that affect
organisations accountability. Thus, there is a need of the hour to develop a system
of accounting that may include intangible assets and risks. There lies a major reason
for emergence of triple bottom line. Triple bottom line is thinking holistically, exploring
the inter-related relationships between the economic, social and environment that is
People + Planet + Profit (3 P’s). The companies aiming for sustainability need to
perform not against a traditional single, financial bottom line but against the triple
bottom line. This paper focuse on how triple bottom line approach change the way
of evaluating and reporting the performance of corporations. This paper emphasis
on how a value addition in financial bottom line changed into triple bottom line.
An Exploratory Study of Factors Influencing Corporate Sustainability on busin...AkashSharma618775
This study evaluates the effect of corporate sustainability on business performance of manufacturing
industries in USA, from 2012 to 2015. These Manufacturing industries are listed in Corporate Social
Responsibility Hub (CSRHub), Morning Star and Global Reporting Initiative (GRI). All data used in this report
were extracted from 37 manufacturing companies’ Sustainability, corporate social responsibility (CSR) and
annual reports. These companies are of diverse sectors such as Automobile, Health care, consumer goods, food,
beverages and technology. Quantitative method of research is used in this study; this also includes the use of
explanatory and descriptive research design. The main issues to be discussed in this study are Donation, Incident
rate reduction and Water Recycled as the independent variables, while Revenue is the dependent variable. Data
analysis was carried out using the regression analysis, descriptive statistics and correlation. E-views software
generated the data for further analysis. The findings imply that donation has a positive insignificance effect on
revenue, reduced incident rate reduction had positive significance effect on revenue and water recycling has
negative insignificant effect on revenue. In the future researches, larger samples of companies form diverse sectors
and subsectors should be studied to broaden the research on company performance especially the non-financial
aspect.
An Exploratory Study of Factors Influencing Corporate Sustainability on busin...AkashSharma618775
This study evaluates the effect of corporate sustainability on business performance of manufacturing
industries in USA, from 2012 to 2015. These Manufacturing industries are listed in Corporate Social
Responsibility Hub (CSRHub), Morning Star and Global Reporting Initiative (GRI). All data used in this report
were extracted from 37 manufacturing companies’ Sustainability, corporate social responsibility (CSR) and
annual reports. These companies are of diverse sectors such as Automobile, Health care, consumer goods, food,
beverages and technology. Quantitative method of research is used in this study; this also includes the use of
explanatory and descriptive research design. The main issues to be discussed in this study are Donation, Incident
rate reduction and Water Recycled as the independent variables, while Revenue is the dependent variable. Data
analysis was carried out using the regression analysis, descriptive statistics and correlation. E-views software
generated the data for further analysis. The findings imply that donation has a positive insignificance effect on
revenue, reduced incident rate reduction had positive significance effect on revenue and water recycling has
negative insignificant effect on revenue. In the future researches, larger samples of companies form diverse sectors
and subsectors should be studied to broaden the research on company performance especially the non-financial
aspect.
Dealing with the corona virus crisis and its aftermath is the largest single challenge facing our business
community today. This challenge has in fact restructured the global economic order-leaving many
organizations with a single agenda item: near-term survival. Others, in a more fortunate position, look forward
with uncertainty, as they try and discern what will define the “new normal”. In response to this challenge the
St. Lawrence Corridor Economic Development Commission has begun a 3 phased strategy to support the
commercial industrial sector’s continued operation while planning for the recovery of the local economy.
After more than two months of uncertainty, we’re beginning to see the light at the end of the tunnel. The @SL_Corridor is collaborating with stakeholders & industry leaders on a number of important fronts. Manufacturers are adapting and supporting local PPE needs, business partnerships are developing, and many are embracing remote work & more. We’re still fighting the good fight. Creating jobs has never been more challenging or more important. Here is our update in the midst of the pandemic.
A value added approach by triple bottom line for Sustainable DevelopmentTapasya123
In the era of 21st century, a Triple Bottom Line not only measure profits as earlier,
but also measures the social, environmental and economic dimensions of an entity
through its activities and processes. It is a new way of evaluating a company’s impact
of their actions on both local as well as global scale for the survival and longevity
of an organisation. Due to uncertainty and unpredictability, corporate values are in
move from traditional to human and societal values. It is the first and foremost
responsibility of profit, non-profit or government sector to fulfill the various obligations
of their stakeholders as well as the planet we are living on. Traditional Accounting
methods do not take in consideration the intangible assets (human capital and intellectual
capital) and risks. Though, these factors are also the main attributes that affect
organisations accountability. Thus, there is a need of the hour to develop a system
of accounting that may include intangible assets and risks. There lies a major reason
for emergence of triple bottom line. Triple bottom line is thinking holistically, exploring
the inter-related relationships between the economic, social and environment that is
People + Planet + Profit (3 P’s). The companies aiming for sustainability need to
perform not against a traditional single, financial bottom line but against the triple
bottom line. This paper focuse on how triple bottom line approach change the way
of evaluating and reporting the performance of corporations. This paper emphasis
on how a value addition in financial bottom line changed into triple bottom line.
A Value Added approach by Triple Bottom line for Sustainable Developmentprofessionalpanorama
In the era of 21st century, a Triple Bottom Line not only measure profits as earlier,
but also measures the social, environmental and economic dimensions of an entity
through its activities and processes. It is a new way of evaluating a company’s impact
of their actions on both local as well as global scale for the survival and longevity
of an organisation. Due to uncertainty and unpredictability, corporate values are in
move from traditional to human and societal values. It is the first and foremost
responsibility of profit, non-profit or government sector to fulfill the various obligations
of their stakeholders as well as the planet we are living on. Traditional Accounting
methods do not take in consideration the intangible assets (human capital and intellectual
capital) and risks. Though, these factors are also the main attributes that affect
organisations accountability. Thus, there is a need of the hour to develop a system
of accounting that may include intangible assets and risks. There lies a major reason
for emergence of triple bottom line. Triple bottom line is thinking holistically, exploring
the inter-related relationships between the economic, social and environment that is
People + Planet + Profit (3 P’s). The companies aiming for sustainability need to
perform not against a traditional single, financial bottom line but against the triple
bottom line. This paper focuse on how triple bottom line approach change the way
of evaluating and reporting the performance of corporations. This paper emphasis
on how a value addition in financial bottom line changed into triple bottom line.
An Exploratory Study of Factors Influencing Corporate Sustainability on busin...AkashSharma618775
This study evaluates the effect of corporate sustainability on business performance of manufacturing
industries in USA, from 2012 to 2015. These Manufacturing industries are listed in Corporate Social
Responsibility Hub (CSRHub), Morning Star and Global Reporting Initiative (GRI). All data used in this report
were extracted from 37 manufacturing companies’ Sustainability, corporate social responsibility (CSR) and
annual reports. These companies are of diverse sectors such as Automobile, Health care, consumer goods, food,
beverages and technology. Quantitative method of research is used in this study; this also includes the use of
explanatory and descriptive research design. The main issues to be discussed in this study are Donation, Incident
rate reduction and Water Recycled as the independent variables, while Revenue is the dependent variable. Data
analysis was carried out using the regression analysis, descriptive statistics and correlation. E-views software
generated the data for further analysis. The findings imply that donation has a positive insignificance effect on
revenue, reduced incident rate reduction had positive significance effect on revenue and water recycling has
negative insignificant effect on revenue. In the future researches, larger samples of companies form diverse sectors
and subsectors should be studied to broaden the research on company performance especially the non-financial
aspect.
An Exploratory Study of Factors Influencing Corporate Sustainability on busin...AkashSharma618775
This study evaluates the effect of corporate sustainability on business performance of manufacturing
industries in USA, from 2012 to 2015. These Manufacturing industries are listed in Corporate Social
Responsibility Hub (CSRHub), Morning Star and Global Reporting Initiative (GRI). All data used in this report
were extracted from 37 manufacturing companies’ Sustainability, corporate social responsibility (CSR) and
annual reports. These companies are of diverse sectors such as Automobile, Health care, consumer goods, food,
beverages and technology. Quantitative method of research is used in this study; this also includes the use of
explanatory and descriptive research design. The main issues to be discussed in this study are Donation, Incident
rate reduction and Water Recycled as the independent variables, while Revenue is the dependent variable. Data
analysis was carried out using the regression analysis, descriptive statistics and correlation. E-views software
generated the data for further analysis. The findings imply that donation has a positive insignificance effect on
revenue, reduced incident rate reduction had positive significance effect on revenue and water recycling has
negative insignificant effect on revenue. In the future researches, larger samples of companies form diverse sectors
and subsectors should be studied to broaden the research on company performance especially the non-financial
aspect.
Attainment of Cooperative objectives and the performance of officers in perfo...IJAEMSJORNAL
Cooperatives have brought significant contributions to uplift the lives of many individuals and to resolve problems related to financial, marketing and production. This study was conducted to determine whether the different registered cooperatives in Gapan City, Nueva Ecija were attaining their objectives and whether the board of directors and officers were performing their duties and responsibilities by fulfilling their management functions. Furthermore, this study was conducted to determine the different constraints the cooperatives were facing that could affect their everyday operations. The researcher utilized the descriptive research design using a survey– questionnaire technique to gather the necessary information. Moreover, the researcher with the use of T–test determined whether there is a significant difference in the extent of attainment of the cooperative objectives, level of performance of the officers in performing their management functions and the constraints affecting the operations of the organizations based on the perceptions of the officials and the members of cooperatives. Findings have shown that the existing registered cooperatives in the city were able to attain their cooperative objectives to a very great extent. It has also been found out that the board of directors and officers were able to perform their management functions very satisfactory. On the other hand, the respondents perceived that the constraints affecting the operations of cooperatives were just minor problems. The two groups differ in their responses on the extent of attainment of their cooperative objectives and on the constraints affecting the operations of the cooperatives while both groups of respondents have the same perception as to the level of performance of the board of directors and officers in performing their management functions.
Towards Social Impact - A multistakeholder perspective on Human rights and bu...CNV Vakcentrale
Als vakbeweging richten CNV Internationaal en partnervakbonden wereldwijd zich op de arbeidsrechten, die een specifiek onderdeel vormen van de mensenrechten. Als het gaat om social impact in verantwoord ketenbeheer, dan leggen vakbonden het accent op de leef- en werkomstandigheden van werkenden die van begin tot eind in de keten actief zijn.
Bedrijven die hun eigen CSR-beleid serieus nemen, investeren daar ook financieel in. Om die reden alleen al is het goed om oog te hebben voor de social impact van het MVO-beleid:
Meer over dit onderwerp is te lezen in deze publicatie uitgegeven ter gelegenheid van de HUMAN conference 2015 door CNV Internationaal, ICCO, PWC en VBDO.
Meer over CNV Internationaal en MVO: www.cnvinternationaal.nl/mvo
Analysis of the effects of economic corporate social responsibility on financ...inventionjournals
The purpose of this study was to analyze the effect economic corporate social responsibility on Financial performance. The study was guided by the following objectives: To analyze the effect of innovational CSR cost on financial performance, to examine the effect of social quality practices spending on financial performance ,to find out the effect of corporate entrepreneurship spending on financial performance and to examine the effect of financial literacy expenditure CSR on financial The study was guided by Stakeholders theory, Shareholder theory and Shareholder-Based Financial Performance theory. This study used quantitative research approaches. Quantitative research is generally associated. Collecting and converting data into numerical form so that statistical calculations can be made and conclusions drawn. This study will employ descriptive research design. The target population used was 100 and sampling procedure used was stratified. The study used primary (collected using questionnaires) and secondary data (trend analysis). To test the validity of the research instruments the questionnaires prepared and submitted to the supervisor and other research experts. In order to test the reliability of the instrument used in this study, the researcher used test retest method. Descriptive and inferential statistics method was used for data analysis and interpretation regression model was used to analyze the effect between variables. The study recommended that companies should ensure effective sustainability programs which include social responsibility, They should also ensure effective social programs are accomplished through cause-related marketing and corporate philanthropy, they should also create initiative which has beneficial relationship between the corporation and society, they should also should ensure corporate governance which is the framework of rules and practices by which a board of directors and embrace accountability, fairness, and transparency in a company's relationship with its stakeholders. For further research the study suggests that more studies should be done on economic social responsibility and corporate governance, economic social responsibility and financial literacy.
Running head NEW CHALLENGES WITHIN TRANSPORTATION AND LOGISTICS M.docxglendar3
Running head: NEW CHALLENGES WITHIN TRANSPORTATION AND LOGISTICS MANAGEMENT1
NEW CHALLENGES WITHIN TRANSPORTATION AND LOGISTICS MANAGEMENT8
New Challenges within Transportation and Logistics Management
October 6, 2018
Abstract
The area of transportation and logistics management is one of the most important spheres in today’s society. Succinctly, the activities of this realm immensely contribute to the sustenance of the global economy and to the success of an innumerable sum of businesses all over the globe. While logistics operations remain critical, various developments have had an unwanted impact on the smooth flow of transportation activities in the recent past. In particular, rising costs of transportation, challenges processing vast quantities of information, workforce management concerns, and challenges in complying with regulations have posed significant concerns for logistics managers these days. On a positive note, various measures that transportation companies can put into practice to address such concerns are available. If implemented fully, transportation firms can avoid these challenges, hence enabling their operations to run smoothly.
H
New Challenges within Transportation and Logistics Management
Introduction
The realm of transportation and logistics management is perceived to be one of the most critical areas in the contemporary world, and justifiably so. Logistics is a reference to the manner in which the flow of goods from one point to another is managed so that the needs of customers can be lived up to as efficiently as possible (Christopher, 2016). For logistics to be run in an effective and efficient manner, an array of parties involved in any given supply chain has to take part. However, although there is no doubting the fact that logistics plays an essential role in the facilitation of trade and contributing to the realization of successful business undertakings, logistics managers continue to grapple with mounting challenges in their efforts to come up with and maintain efficient and effective approaches to logistics. Thus, this paper seeks to attain an enhanced comprehension of these challenges by seeking cogent responses to this research question: what are the new challenges facing logistics managers and how can they be tackled?
Literature Review
Research indicates that logistics managers have to contend with a wide spectrum of challenges in their efforts to see to it that they attain optimum outcomes these days. Waters and Rinsler (2014) noted in their study that cutting costs of transportations continue to be cited by logistics managers to be one of the greatest challenges in their area of operation, and with good reason. Rising prices of fuel, increased remunerations, as well as climaxing inflation indexes, continue to work with each other to bring about a surge in the costs of transportation. As such, for logistics managers to ensure the effective and efficient running of their operations, t.
Running head NEW CHALLENGES WITHIN TRANSPORTATION AND LOGISTICS M.docxtodd581
Running head: NEW CHALLENGES WITHIN TRANSPORTATION AND LOGISTICS MANAGEMENT1
NEW CHALLENGES WITHIN TRANSPORTATION AND LOGISTICS MANAGEMENT8
New Challenges within Transportation and Logistics Management
October 6, 2018
Abstract
The area of transportation and logistics management is one of the most important spheres in today’s society. Succinctly, the activities of this realm immensely contribute to the sustenance of the global economy and to the success of an innumerable sum of businesses all over the globe. While logistics operations remain critical, various developments have had an unwanted impact on the smooth flow of transportation activities in the recent past. In particular, rising costs of transportation, challenges processing vast quantities of information, workforce management concerns, and challenges in complying with regulations have posed significant concerns for logistics managers these days. On a positive note, various measures that transportation companies can put into practice to address such concerns are available. If implemented fully, transportation firms can avoid these challenges, hence enabling their operations to run smoothly.
H
New Challenges within Transportation and Logistics Management
Introduction
The realm of transportation and logistics management is perceived to be one of the most critical areas in the contemporary world, and justifiably so. Logistics is a reference to the manner in which the flow of goods from one point to another is managed so that the needs of customers can be lived up to as efficiently as possible (Christopher, 2016). For logistics to be run in an effective and efficient manner, an array of parties involved in any given supply chain has to take part. However, although there is no doubting the fact that logistics plays an essential role in the facilitation of trade and contributing to the realization of successful business undertakings, logistics managers continue to grapple with mounting challenges in their efforts to come up with and maintain efficient and effective approaches to logistics. Thus, this paper seeks to attain an enhanced comprehension of these challenges by seeking cogent responses to this research question: what are the new challenges facing logistics managers and how can they be tackled?
Literature Review
Research indicates that logistics managers have to contend with a wide spectrum of challenges in their efforts to see to it that they attain optimum outcomes these days. Waters and Rinsler (2014) noted in their study that cutting costs of transportations continue to be cited by logistics managers to be one of the greatest challenges in their area of operation, and with good reason. Rising prices of fuel, increased remunerations, as well as climaxing inflation indexes, continue to work with each other to bring about a surge in the costs of transportation. As such, for logistics managers to ensure the effective and efficient running of their operations, t.
Environmental Sustainability Accounting and the Performance of Oil and Gas Co...ijtsrd
This research paper seeks to establish Environmental sustainability Accounting and the performance of Oil and Gas Companies in Rivers State, Nigeria. To achieve the objective of the study, hypotheses were formulated, and a review of related literature was made. The hypotheses were tested using multiple regression analysis with the aid of E View, using a 5 level of significance. Based on the findings of this study, we conclude that the disclosure of human resources disclosure and environmental sustainability disclosure significantly affect the financial performance of oil and gas companies in Rivers State. It was recommended among others that the government should put in place suitable legislation for all companies to make adequate disclosure of their activities to the Environment, and firms should formulate and implement environmentally friendly policies. Isaac Laime Odogu | Timinipre Joseph Okpobo "Environmental Sustainability Accounting and the Performance of Oil & Gas Companies in Rivers State, Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-5 , August 2022, URL: https://www.ijtsrd.com/papers/ijtsrd50644.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/50644/environmental-sustainability-accounting-and-the-performance-of-oil-and-gas-companies-in-rivers-state-nigeria/isaac-laime-odogu
The Sustainability and Resiliency of Cooperatives amid Economic ChallengesIJAEMSJORNAL
This research looked at how cooperatives maintain their sustainability and resiliency in the face of economic challenges. The questionnaire checklist was used as the data collection instrument in a descriptive research design. Respondents in this study were officers from selected cooperatives in Talavera, Nueva Ecija. The majority of them are multipurpose cooperatives that conduct credit operations. Five cooperatives have been in operation for more than ten years, with the majority of them being small businesses (asset sizes are between three million and fifteen million pesos). Despite the pandemic, they all earned in 2021, according to the respondents. According to the survey results, business diversification is very effective in maintaining cooperative standing in the face of economic challenges. The survey also revealed that cooperatives are self-sustaining, as almost all respondents did not face the severe problems that most businesses face, such as closure and employee reductions. The majority of them have adapted to the new normal work setup. It is recommended that cooperatives expand and improve their services in order to provide immediate and timely information and assistance to members in order for them to operate and survive any economic challenges that may arise. Cooperatives should also develop a Business Continuity Plan and diversify their businesses rather than concentrating on a single one.
This Sustainability Reporting Checklist, prepared by Joss Tantram, Terrafiniti is an introduction to sustainability reporting and covers topics such as materiality, reporting standards, stakeholder engagement and communicating to investors.
Sugarcane Company’s performance has remained to be one of the challenging facts in the growing companies in Kenya today. The delays in harvesting operations are attributed to uncoordinated and unpredictable harvesting and transport schedules; and inefficiencies in mill operations. Therefore, the main aim of the study is to determine the influence of Sustainability Management Systems CSR on firm performance of selected sugarcane companies in Kenya. The study is guided by Corporate Social Performance Theory. This study used ex- post facto research design. Ex- post facto research design determines and reports the way things are. The target population was 528 employees. This study therefore sampled 228 respondents. Purposive sampling technique was used to select 10 managers, 24 supervisors, 38 accountants and 156 clerks from the 7 sugarcane companies because they have specific information concerning the effects of corporate social responsibility practice on firm performance of selected sugarcane companies in Kenya. Pilot study was done in order to test for validity and reliability of the research tools. The pilot study was done in Trans-Mara Sugar Company found in rift Valley region of Kenya. For inferential statistics, correlation and multiple regression was used for comparative analysis between frequencies of corporate social responsibility practice on firm performance. The study findings indicated that sustainability management systems have an effect on firm performance. The government will use this study in establishing policies that would ensure improvement in firm performance of sugarcane processing firms among other firms in Kenya. The study recommends that the companies should encourage sustainability management systems since sustainable management systems is an important mechanism for improving corporate sustainability performance. It can generate business value through measurement and management of sustainability risks and opportunities. The study recommends further researchers to study on corporate social responsibility strategy and financial performance of firms in Kenya which the study didn’t cover.
Socially responsible human resourcepractices disclosures of.docxlillie234567
Socially responsible human resource
practices: disclosures of the world’s best
multinational workplaces
Charbel Greige Frangieh and Hala Khayr Yaacoub
Abstract
Purpose – This paper aims to explore the socially responsible human resource practices disclosed by
the ‘‘World’s Best Multinational Workplaces,’’ with the aim of facilitating the benchmarking of these
disclosed practices.
Design/methodology/approach – Using the ‘‘World’s Best Multinational Workplaces’’ list was a
strategic decision in this study due to the rigorous methodology used in the preparation of the list as it
concentrated largely on the employees’ feedback, thus ensuring that these listed companies are actually
top workplaces. Both manifest and latent content analysis, are applied on 23 of the 25 listedMultinational
Corporations’ websites and reports, and company reviews done on these companies by the Great Place
toWork for to pinpoint the social responsible human resource practices.
Findings – Most of the practices disclosed are oriented toward enhancing the employees’ work
experiences whether that happened through improving their employment conditions or through having a
diverse and inclusive workplace. Thus, the employee-oriented human resource management practices
got the lion’s share of the disclosures, rather than the legal or the Corporate social responsibility–human
resources facilitation components.
Research limitations/implications – The practices that are already used at small and medium
enterpriseswithin national contexts were not covered in this study.
Practical implications – It is assumed that businesses can benefit from the practices of these MNCs
which are considered as great places to work for, and as pioneers in their socially responsible human
resource approaches.
Originality/value – This study is likely to fill an important gap in the corporate social responsibility
literature, which gave pint-sized attention to the internal stakeholders, rendering the academic coverage
of employee-related practices scarce if not absent
Keywords CSR, Content analysis, Multinational corporations,
Social responsible human resource practices
Paper type Research paper
Introduction
An ethical movement is gaining momentum in the business world as a result of
management malpractices committed in the past decades. The ethical crisis drove
practitioners and researchers around the world to acknowledge the importance of
integrating business ethics and sustainability into their organizations. Engaging in
responsible practices was seen as a means to avoid crises and simultaneously lead to
financial benefits, (Doh et al., 2011; Wang et al., 2015; Voegtlin et al., 2012), produce social
capital (Maak, 2007) and enhance work-related behaviors like retention and workplace
commitment (Waldman and Galvin, 2008; Cameron, 2011; Doh et al., 2011; Doh and
Quigley, 2014; Miska et al., 2014). The misconducts in top management positions gained
extensive media a.
Implementation of Shared Service Centre on Financial Performance of Publicly ...s071185s
Cost reduction and efficiency are one of the company’s primary motives in implementing the shared service center, an internal outsourcing business model that centralizes back-office support functions for operating business units. This research aims to examine the effect of introducing the shared service center on productivity, as experienced by publicly listed Malaysian companies. This research has analyzed, using comparative techniques, whether substantial changes in cost structure, return on investment, efficiency, productivity, competitiveness, and profitability have occurred due to developing shared service centers. The relationship between these financial performance metrics is evaluated for five years using regression methods. Secondary data has been collected from financial reports and other publicly accessible documents such as business gadgets. The study also aims to recognize the advantages of shared service center implementation for financial results. The study has clearly indicated that SSC implementation is not always for the better, however. The increasing cost structure ratio indicates that the growth of total revenue due to SSC implementation is not as fast as the growth of operating expenses. Asset turnover is observed to be generally decreasing after SSC implementation. The graphical trending has rejected the claim that all the variables or financial performance indicators have improved after establishing SSC. The results of the ordinary least squares regression method have corroborated 4 out of 5 hypotheses – only the asset turnover ratio has revealed a relationship that is different from what has been predicted. The payback period can be included as an additional variable or determinant to further corroborate the time-specific benefits regarding future research
With increased public attention
being given to significant labour
rights violations, including child
labour and forced labour, in the South East Asian
seafood supply chain, the industry has come
under increasing pressure to put immediately
into place robust and sustainable systems
to ensure that all labour right violations are
prevented and if identified, properly addressed.
The violations have been found all along the
chain- from the fishing vessels, to land-based
aquaculture, through to primary and secondary
seafood processing. Addressing these labour
issues in a supply chain that is so widespread,
complex and mobile – where boats can be at
sea for months on end – is a challenge. Poorly
regulated migration, and poorly functioning
labour market institutions exacerbate these
problems
Attainment of Cooperative objectives and the performance of officers in perfo...IJAEMSJORNAL
Cooperatives have brought significant contributions to uplift the lives of many individuals and to resolve problems related to financial, marketing and production. This study was conducted to determine whether the different registered cooperatives in Gapan City, Nueva Ecija were attaining their objectives and whether the board of directors and officers were performing their duties and responsibilities by fulfilling their management functions. Furthermore, this study was conducted to determine the different constraints the cooperatives were facing that could affect their everyday operations. The researcher utilized the descriptive research design using a survey– questionnaire technique to gather the necessary information. Moreover, the researcher with the use of T–test determined whether there is a significant difference in the extent of attainment of the cooperative objectives, level of performance of the officers in performing their management functions and the constraints affecting the operations of the organizations based on the perceptions of the officials and the members of cooperatives. Findings have shown that the existing registered cooperatives in the city were able to attain their cooperative objectives to a very great extent. It has also been found out that the board of directors and officers were able to perform their management functions very satisfactory. On the other hand, the respondents perceived that the constraints affecting the operations of cooperatives were just minor problems. The two groups differ in their responses on the extent of attainment of their cooperative objectives and on the constraints affecting the operations of the cooperatives while both groups of respondents have the same perception as to the level of performance of the board of directors and officers in performing their management functions.
Towards Social Impact - A multistakeholder perspective on Human rights and bu...CNV Vakcentrale
Als vakbeweging richten CNV Internationaal en partnervakbonden wereldwijd zich op de arbeidsrechten, die een specifiek onderdeel vormen van de mensenrechten. Als het gaat om social impact in verantwoord ketenbeheer, dan leggen vakbonden het accent op de leef- en werkomstandigheden van werkenden die van begin tot eind in de keten actief zijn.
Bedrijven die hun eigen CSR-beleid serieus nemen, investeren daar ook financieel in. Om die reden alleen al is het goed om oog te hebben voor de social impact van het MVO-beleid:
Meer over dit onderwerp is te lezen in deze publicatie uitgegeven ter gelegenheid van de HUMAN conference 2015 door CNV Internationaal, ICCO, PWC en VBDO.
Meer over CNV Internationaal en MVO: www.cnvinternationaal.nl/mvo
Analysis of the effects of economic corporate social responsibility on financ...inventionjournals
The purpose of this study was to analyze the effect economic corporate social responsibility on Financial performance. The study was guided by the following objectives: To analyze the effect of innovational CSR cost on financial performance, to examine the effect of social quality practices spending on financial performance ,to find out the effect of corporate entrepreneurship spending on financial performance and to examine the effect of financial literacy expenditure CSR on financial The study was guided by Stakeholders theory, Shareholder theory and Shareholder-Based Financial Performance theory. This study used quantitative research approaches. Quantitative research is generally associated. Collecting and converting data into numerical form so that statistical calculations can be made and conclusions drawn. This study will employ descriptive research design. The target population used was 100 and sampling procedure used was stratified. The study used primary (collected using questionnaires) and secondary data (trend analysis). To test the validity of the research instruments the questionnaires prepared and submitted to the supervisor and other research experts. In order to test the reliability of the instrument used in this study, the researcher used test retest method. Descriptive and inferential statistics method was used for data analysis and interpretation regression model was used to analyze the effect between variables. The study recommended that companies should ensure effective sustainability programs which include social responsibility, They should also ensure effective social programs are accomplished through cause-related marketing and corporate philanthropy, they should also create initiative which has beneficial relationship between the corporation and society, they should also should ensure corporate governance which is the framework of rules and practices by which a board of directors and embrace accountability, fairness, and transparency in a company's relationship with its stakeholders. For further research the study suggests that more studies should be done on economic social responsibility and corporate governance, economic social responsibility and financial literacy.
Running head NEW CHALLENGES WITHIN TRANSPORTATION AND LOGISTICS M.docxglendar3
Running head: NEW CHALLENGES WITHIN TRANSPORTATION AND LOGISTICS MANAGEMENT1
NEW CHALLENGES WITHIN TRANSPORTATION AND LOGISTICS MANAGEMENT8
New Challenges within Transportation and Logistics Management
October 6, 2018
Abstract
The area of transportation and logistics management is one of the most important spheres in today’s society. Succinctly, the activities of this realm immensely contribute to the sustenance of the global economy and to the success of an innumerable sum of businesses all over the globe. While logistics operations remain critical, various developments have had an unwanted impact on the smooth flow of transportation activities in the recent past. In particular, rising costs of transportation, challenges processing vast quantities of information, workforce management concerns, and challenges in complying with regulations have posed significant concerns for logistics managers these days. On a positive note, various measures that transportation companies can put into practice to address such concerns are available. If implemented fully, transportation firms can avoid these challenges, hence enabling their operations to run smoothly.
H
New Challenges within Transportation and Logistics Management
Introduction
The realm of transportation and logistics management is perceived to be one of the most critical areas in the contemporary world, and justifiably so. Logistics is a reference to the manner in which the flow of goods from one point to another is managed so that the needs of customers can be lived up to as efficiently as possible (Christopher, 2016). For logistics to be run in an effective and efficient manner, an array of parties involved in any given supply chain has to take part. However, although there is no doubting the fact that logistics plays an essential role in the facilitation of trade and contributing to the realization of successful business undertakings, logistics managers continue to grapple with mounting challenges in their efforts to come up with and maintain efficient and effective approaches to logistics. Thus, this paper seeks to attain an enhanced comprehension of these challenges by seeking cogent responses to this research question: what are the new challenges facing logistics managers and how can they be tackled?
Literature Review
Research indicates that logistics managers have to contend with a wide spectrum of challenges in their efforts to see to it that they attain optimum outcomes these days. Waters and Rinsler (2014) noted in their study that cutting costs of transportations continue to be cited by logistics managers to be one of the greatest challenges in their area of operation, and with good reason. Rising prices of fuel, increased remunerations, as well as climaxing inflation indexes, continue to work with each other to bring about a surge in the costs of transportation. As such, for logistics managers to ensure the effective and efficient running of their operations, t.
Running head NEW CHALLENGES WITHIN TRANSPORTATION AND LOGISTICS M.docxtodd581
Running head: NEW CHALLENGES WITHIN TRANSPORTATION AND LOGISTICS MANAGEMENT1
NEW CHALLENGES WITHIN TRANSPORTATION AND LOGISTICS MANAGEMENT8
New Challenges within Transportation and Logistics Management
October 6, 2018
Abstract
The area of transportation and logistics management is one of the most important spheres in today’s society. Succinctly, the activities of this realm immensely contribute to the sustenance of the global economy and to the success of an innumerable sum of businesses all over the globe. While logistics operations remain critical, various developments have had an unwanted impact on the smooth flow of transportation activities in the recent past. In particular, rising costs of transportation, challenges processing vast quantities of information, workforce management concerns, and challenges in complying with regulations have posed significant concerns for logistics managers these days. On a positive note, various measures that transportation companies can put into practice to address such concerns are available. If implemented fully, transportation firms can avoid these challenges, hence enabling their operations to run smoothly.
H
New Challenges within Transportation and Logistics Management
Introduction
The realm of transportation and logistics management is perceived to be one of the most critical areas in the contemporary world, and justifiably so. Logistics is a reference to the manner in which the flow of goods from one point to another is managed so that the needs of customers can be lived up to as efficiently as possible (Christopher, 2016). For logistics to be run in an effective and efficient manner, an array of parties involved in any given supply chain has to take part. However, although there is no doubting the fact that logistics plays an essential role in the facilitation of trade and contributing to the realization of successful business undertakings, logistics managers continue to grapple with mounting challenges in their efforts to come up with and maintain efficient and effective approaches to logistics. Thus, this paper seeks to attain an enhanced comprehension of these challenges by seeking cogent responses to this research question: what are the new challenges facing logistics managers and how can they be tackled?
Literature Review
Research indicates that logistics managers have to contend with a wide spectrum of challenges in their efforts to see to it that they attain optimum outcomes these days. Waters and Rinsler (2014) noted in their study that cutting costs of transportations continue to be cited by logistics managers to be one of the greatest challenges in their area of operation, and with good reason. Rising prices of fuel, increased remunerations, as well as climaxing inflation indexes, continue to work with each other to bring about a surge in the costs of transportation. As such, for logistics managers to ensure the effective and efficient running of their operations, t.
Environmental Sustainability Accounting and the Performance of Oil and Gas Co...ijtsrd
This research paper seeks to establish Environmental sustainability Accounting and the performance of Oil and Gas Companies in Rivers State, Nigeria. To achieve the objective of the study, hypotheses were formulated, and a review of related literature was made. The hypotheses were tested using multiple regression analysis with the aid of E View, using a 5 level of significance. Based on the findings of this study, we conclude that the disclosure of human resources disclosure and environmental sustainability disclosure significantly affect the financial performance of oil and gas companies in Rivers State. It was recommended among others that the government should put in place suitable legislation for all companies to make adequate disclosure of their activities to the Environment, and firms should formulate and implement environmentally friendly policies. Isaac Laime Odogu | Timinipre Joseph Okpobo "Environmental Sustainability Accounting and the Performance of Oil & Gas Companies in Rivers State, Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-5 , August 2022, URL: https://www.ijtsrd.com/papers/ijtsrd50644.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/50644/environmental-sustainability-accounting-and-the-performance-of-oil-and-gas-companies-in-rivers-state-nigeria/isaac-laime-odogu
The Sustainability and Resiliency of Cooperatives amid Economic ChallengesIJAEMSJORNAL
This research looked at how cooperatives maintain their sustainability and resiliency in the face of economic challenges. The questionnaire checklist was used as the data collection instrument in a descriptive research design. Respondents in this study were officers from selected cooperatives in Talavera, Nueva Ecija. The majority of them are multipurpose cooperatives that conduct credit operations. Five cooperatives have been in operation for more than ten years, with the majority of them being small businesses (asset sizes are between three million and fifteen million pesos). Despite the pandemic, they all earned in 2021, according to the respondents. According to the survey results, business diversification is very effective in maintaining cooperative standing in the face of economic challenges. The survey also revealed that cooperatives are self-sustaining, as almost all respondents did not face the severe problems that most businesses face, such as closure and employee reductions. The majority of them have adapted to the new normal work setup. It is recommended that cooperatives expand and improve their services in order to provide immediate and timely information and assistance to members in order for them to operate and survive any economic challenges that may arise. Cooperatives should also develop a Business Continuity Plan and diversify their businesses rather than concentrating on a single one.
This Sustainability Reporting Checklist, prepared by Joss Tantram, Terrafiniti is an introduction to sustainability reporting and covers topics such as materiality, reporting standards, stakeholder engagement and communicating to investors.
Sugarcane Company’s performance has remained to be one of the challenging facts in the growing companies in Kenya today. The delays in harvesting operations are attributed to uncoordinated and unpredictable harvesting and transport schedules; and inefficiencies in mill operations. Therefore, the main aim of the study is to determine the influence of Sustainability Management Systems CSR on firm performance of selected sugarcane companies in Kenya. The study is guided by Corporate Social Performance Theory. This study used ex- post facto research design. Ex- post facto research design determines and reports the way things are. The target population was 528 employees. This study therefore sampled 228 respondents. Purposive sampling technique was used to select 10 managers, 24 supervisors, 38 accountants and 156 clerks from the 7 sugarcane companies because they have specific information concerning the effects of corporate social responsibility practice on firm performance of selected sugarcane companies in Kenya. Pilot study was done in order to test for validity and reliability of the research tools. The pilot study was done in Trans-Mara Sugar Company found in rift Valley region of Kenya. For inferential statistics, correlation and multiple regression was used for comparative analysis between frequencies of corporate social responsibility practice on firm performance. The study findings indicated that sustainability management systems have an effect on firm performance. The government will use this study in establishing policies that would ensure improvement in firm performance of sugarcane processing firms among other firms in Kenya. The study recommends that the companies should encourage sustainability management systems since sustainable management systems is an important mechanism for improving corporate sustainability performance. It can generate business value through measurement and management of sustainability risks and opportunities. The study recommends further researchers to study on corporate social responsibility strategy and financial performance of firms in Kenya which the study didn’t cover.
Socially responsible human resourcepractices disclosures of.docxlillie234567
Socially responsible human resource
practices: disclosures of the world’s best
multinational workplaces
Charbel Greige Frangieh and Hala Khayr Yaacoub
Abstract
Purpose – This paper aims to explore the socially responsible human resource practices disclosed by
the ‘‘World’s Best Multinational Workplaces,’’ with the aim of facilitating the benchmarking of these
disclosed practices.
Design/methodology/approach – Using the ‘‘World’s Best Multinational Workplaces’’ list was a
strategic decision in this study due to the rigorous methodology used in the preparation of the list as it
concentrated largely on the employees’ feedback, thus ensuring that these listed companies are actually
top workplaces. Both manifest and latent content analysis, are applied on 23 of the 25 listedMultinational
Corporations’ websites and reports, and company reviews done on these companies by the Great Place
toWork for to pinpoint the social responsible human resource practices.
Findings – Most of the practices disclosed are oriented toward enhancing the employees’ work
experiences whether that happened through improving their employment conditions or through having a
diverse and inclusive workplace. Thus, the employee-oriented human resource management practices
got the lion’s share of the disclosures, rather than the legal or the Corporate social responsibility–human
resources facilitation components.
Research limitations/implications – The practices that are already used at small and medium
enterpriseswithin national contexts were not covered in this study.
Practical implications – It is assumed that businesses can benefit from the practices of these MNCs
which are considered as great places to work for, and as pioneers in their socially responsible human
resource approaches.
Originality/value – This study is likely to fill an important gap in the corporate social responsibility
literature, which gave pint-sized attention to the internal stakeholders, rendering the academic coverage
of employee-related practices scarce if not absent
Keywords CSR, Content analysis, Multinational corporations,
Social responsible human resource practices
Paper type Research paper
Introduction
An ethical movement is gaining momentum in the business world as a result of
management malpractices committed in the past decades. The ethical crisis drove
practitioners and researchers around the world to acknowledge the importance of
integrating business ethics and sustainability into their organizations. Engaging in
responsible practices was seen as a means to avoid crises and simultaneously lead to
financial benefits, (Doh et al., 2011; Wang et al., 2015; Voegtlin et al., 2012), produce social
capital (Maak, 2007) and enhance work-related behaviors like retention and workplace
commitment (Waldman and Galvin, 2008; Cameron, 2011; Doh et al., 2011; Doh and
Quigley, 2014; Miska et al., 2014). The misconducts in top management positions gained
extensive media a.
Implementation of Shared Service Centre on Financial Performance of Publicly ...s071185s
Cost reduction and efficiency are one of the company’s primary motives in implementing the shared service center, an internal outsourcing business model that centralizes back-office support functions for operating business units. This research aims to examine the effect of introducing the shared service center on productivity, as experienced by publicly listed Malaysian companies. This research has analyzed, using comparative techniques, whether substantial changes in cost structure, return on investment, efficiency, productivity, competitiveness, and profitability have occurred due to developing shared service centers. The relationship between these financial performance metrics is evaluated for five years using regression methods. Secondary data has been collected from financial reports and other publicly accessible documents such as business gadgets. The study also aims to recognize the advantages of shared service center implementation for financial results. The study has clearly indicated that SSC implementation is not always for the better, however. The increasing cost structure ratio indicates that the growth of total revenue due to SSC implementation is not as fast as the growth of operating expenses. Asset turnover is observed to be generally decreasing after SSC implementation. The graphical trending has rejected the claim that all the variables or financial performance indicators have improved after establishing SSC. The results of the ordinary least squares regression method have corroborated 4 out of 5 hypotheses – only the asset turnover ratio has revealed a relationship that is different from what has been predicted. The payback period can be included as an additional variable or determinant to further corroborate the time-specific benefits regarding future research
With increased public attention
being given to significant labour
rights violations, including child
labour and forced labour, in the South East Asian
seafood supply chain, the industry has come
under increasing pressure to put immediately
into place robust and sustainable systems
to ensure that all labour right violations are
prevented and if identified, properly addressed.
The violations have been found all along the
chain- from the fishing vessels, to land-based
aquaculture, through to primary and secondary
seafood processing. Addressing these labour
issues in a supply chain that is so widespread,
complex and mobile – where boats can be at
sea for months on end – is a challenge. Poorly
regulated migration, and poorly functioning
labour market institutions exacerbate these
problems
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
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RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Recruiting in the Digital Age: A Social Media MasterclassLuanWise
In this masterclass, presented at the Global HR Summit on 5th June 2024, Luan Wise explored the essential features of social media platforms that support talent acquisition, including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
1. American International Journal of Business Management (AIJBM)
ISSN- 2379-106X, www.aijbm.com Volume 5, Issue 04 (April-2022), PP 76-89
*Corresponding Author: Dr. Fhrizz S. De Jesus 1
www.aijbm.com 76 | Page
The Business Operation of Laur Transport Service Cooperative:
Problems and Recommendations amidst COVID-19 Pandemic
Dr. Fhrizz S. De Jesus1
, Prof. Winnie C. Villanueva2
1
Faculty, Nueva Ecija University of Science and Technology, Atate Campus, Palayan City, Philippines
2
Faculty, Central Luzon State University, Science City of Munoz, Phippines
Corresponding Author: Dr. Fhrizz S. De Jesus
Abstract: The transportation business is in a difficult position; one of its primary functions is to connect the
world, to enable individuals to communicate face to face, and it is widely regarded as the primary facilitator of
social interaction. With the spread of COVID-19, the impact on households, workers, businesses, and other in-
dustry, including cooperatives, is unevenly distributed. The purpose of this study was to determine the compe-
tence of Laur Transport Cooperative's functional areas of business operation in terms of responding to and assist-
ing members and the cooperative. Additionally, this study identified and recommended solutions to the coopera-
tive's challenges in each of its four areas of business operations. This study uses a descriptive approach to paint a
picture of the situation, explain how cooperatives now operate, and eventually give a conclusion. It was used to
explore and ascertain how organizational/management, marketing, technical/operational, and financial aspects
influence cooperative operations, hence affecting cooperative performance. The researchers chose 91 cooperative
members as responses, out of a total of 118.The study employed a random sampling technique. The researchers
utilized the Raosoft tool to determine the number of respondents required for the study with a 95% confidence
level and a 5% margin of error. The research gathered information through survey questionnaires to augment the
criteria required for the investigation. The researchers ran a dry run to assess the questionnaire's reliability and
validity and to identify potential difficulty spots.The data was analyzed using statistical tools such as percentage,
frequency distribution, weighted mean, and theme analysis utilizing Colaizzi's Seven Steps Method. As a result,
the respondents ceased operations when the epidemic began and have resumed operations. Essentially, the pan-
demic has altered the cooperative's four aspects of operation,most notably the operational aspect. Additionally,
respondents disclosed that they were encountering a variety of operational issues. The researchers created a pro-
posed business plan to assist respondents in improving their operations during the covid 19 pandemic.
Keywords: Cooperative, Business Operations, Covid- 19, Aspects of Business, Transport Service
I. INTRODUCTION
The transport industry finds itself in an unfortunate situation, one of its essential roles is to bring the world
together, enable citizens meet face to face, and it is considered as the main facilitator of social interaction. Now that
function has paused due to the movement restrictions put in place around the world. With the spread of the COVID-
19, the impact is unevenly distributed for households, workers, businesses and other industry, including coopera-
tives.
Laur Transport Service Cooperatives declined in demand and revenue. Drivers and operators suffered
through declining revenue due to restrictions in public transport during the pandemic. Every public transport driver's
life was difficult even before the pandemic because of the average amount of income that they earn and covers only
their everyday financial expenses such as food, rentals, water and electricity bills, educational needs and other costs
(Ranis et al., 2021).
Nowadays, cooperatives performance has faced many problems. In the study conducted by Somers and
Svara(2011), on factors affecting functionality of cooperatives are managerial capacities, emergency responses, and
good governance. Also, according to Ortmann& King (2007), the major difficulties that lead cooperatives to per-
form poorly or greatly are have something to do with management, experience and knowledge, capital resources,
and organizational intervention. However, this study which addresses factors that hinder business performance and
operations of Laur Transport service Cooperative and propose some recommendations to somehow help the coop-
erative to improve and give better service to members and the community.
According to De Jesus et.al. (2021), though Cooperatives generate revenue and help construct societies, it
is undeniable that during the Covid- 19 Pandemic, all business enterprises have been greatly affected by the COVID
2. The Business Operation of Laur Transport Service Cooperative: Problems and Recommendations…
*Corresponding Author: Dr. Fhrizz S. De Jesus 1
www.aijbm.com 77 | Page
19 Pandemic. De Jesus et.al (2021) stated that the effects of the occurrence of coronavirus disease (COVID-19) are
extraordinary and felt worldwide.There are some which are suspended its operations due to the impossibility to con-
tinue because of health protocols and restrictions causing great losses and less inflow of revenues, and some other
businesses failed during these trying times. There are so many business enterprises which suddenly shut down and
never recovered and sadly some cooperatives have also suffered financially due to the effects of the pandemic.
Transport cooperative has, however thrived and continued to look for ways to continue and improve its ser-
vices amidst the Covid 19 Pandemic. These efforts are for the benefit of the members to help one another as part of
the socio-economic development by way to obtain an income. Laur Transport Service Cooperative remained stead-
fast in its vision and mission to serve its member and the community despite the worldwide crisis.
The researchers conclude from the aforementioned remarks that significant deficiencies in the operation of
the Laur Transport Cooperative should be remedied. Thus, this study examined the competence of Laur Transport
Cooperative's functional areas of business operation to respond to and support members and the cooperative. Addi-
tionally, this study identified the cooperative's problems in each of its four areas of business operations and made
recommendations.
The main objectives of this study are the following:
1. How may the operational profile of the respondents amidst the COVID-19 pandemic be described in terms of:
1.1 Operation Status;
1.2 Cash Flow;
1.3 Revenues;
1.4 No. Of Trips (Orders); and
1.5 Workforce?
2. How may the business operation of the Laur Transport Service Cooperative members amidst the pandemic be
analysed in
terms of:
2.1 Organization and Management Aspect;
2.2 Marketing Aspects;
2.3 Technical/ Operation Aspect; and
2.4 Financial Aspect?
3. What are the problems encountered by the Laur Transport Service Cooperative members amidst the pandemic in
terms of:
3.1 Organization and Management Aspect;
3.2 Marketing Aspects;
3.3 Technical/ Operation Aspect;
3.4 Financial Aspect?
4. What development plan may be proposed to improve the operation of the Laur Transport Service Cooperative?
II. LITERATURE REVIEW
Business Aspects of a Business
Business aspects guide how the business will be shaped and managed. This also refers to examining and
understanding all aspects of organizing and running it, therefore it is important to have such tools that are concen-
trated and related to the business core and it should be carry out equally with actual performance of the service or
product.One motivation for segmenting business operations into functional areas is to enable each to operate within
its area of competence, so increasing the business's efficiency and effectiveness. The functional sectors of a firm
differ according to the market's nature and size. As a result of having a working knowledge of the various parts of
business, it enables the firm to use the knowledge and expertise of its management team, staff, and advisers in order
to determine a strategic direction for the organization that maximizes its chances of success.
Organization/management Aspect
According to Choi, Nies, and Ramani (2007), the business aspect of the product or service is defined by the
lifecycle assessment, and the result is directly introduced to the selection of business strategies followed by the
multi-criteria decision-making process, in order to integrate business aspects. This may help the cooperative to sys-
tematically develop appropriate, enhancing competitiveness and profitable practices for new strategies for their or-
ganization in this of crisis.
Organizations are often challenged to find new ways of creating and capturing value to compete with lim-
ited competition and disruptive situations (Sund, Villarroel and Bogers (2017). Several studies have addressed some
of the organizational barriers that averts when crisis occurs. In addition to, the organization must redesign its busi-
ness model in order to cope with the current challenges or disruptive changes in their environment.
3. The Business Operation of Laur Transport Service Cooperative: Problems and Recommendations…
*Corresponding Author: Dr. Fhrizz S. De Jesus 1
www.aijbm.com 78 | Page
Marketing Aspect
According to Chadam and Pastuszak, (2005), establishing process and procedures in the marketing aspects
is one of the ways to improve its performance and operations. This appears to be vital to organizations to identify,
select, organize, disseminate and transfer important information between the cooperative members to the community
to create synergies for strategies effectively and improve competitiveness.
According to Isoraite and Margarita (2009), marketing strategies is one of the functional aspects of the
business. It assumes to play a bigger role in achieving long-term development in the strategic management, business
process efficiency and business resources. Consumer needs and consumer trends eventually takes parts of continu-
ous improvement of marketing strategies. And projecting future opportunities to protect it from disruptions or in
order to survive unnecessary set ups that hinder the cooperative objectives and its competitive advantage.
Technical/Operational Aspect
Different views, approaches, redundancies, inconsistencies and techniques in business operations are some
source of common problems of an organization. With current business management and workflow that does not of-
fer appropriate directions. Based on the business framework, better practices and governance can create strategic
response to overcome such problems (Draheim, Geist and Natschlager, 2012).
According to Zelazna, Golbbiowska, Zdyb, and Pawlowski (2020), determining the broad characteristic of
environmental, economic and technical aspects connected with the lifecycle-focused perspective of utilization of
resources and cooperative objectives increases its competitiveness in technical and/or operational areas with high
efficacy of strategies. This ensures the security of it continuity of service contributing to better performance, manag-
ing problems encountered and stabilized cooperative operations.
Financial Aspect
According to Dahmen and Rodriguez (2014), flexibility of financial resources can handle financial difficul-
ties experienced by the business. Regular review of financial statements may be helpful to assess the funds to control
and manage it accordingly. Businesses avoiding this part tend to experienced inadequate financial literacy that may
hardly affect the whole organization and may not be able to support and accommodate the needs of the business.
Based on the study of Muktiadji, Mulyan and Pamungkas (2020), leadership`s commitment has a signifi-
cant effect on financial management and business performance. It became important because the entire activities and
plans tend to depends on the availability and accountability of business finance. Moreover, the idea suggest to com-
plement the process and effort of allocating funds to related business activities to meet the requirement for organiza-
tion so that it helps build a strong foundation to better performance.
Cooperative Operation
According to Marcis, Bortoluzzi and De Lima (2019), cooperatives‟ operations assessment for sustainabil-
ity requires an integrated and unique way of making decisions. Decisions for mapping and organizing relevant ap-
proaches for sustainable performance of the cooperative amidst the pandemic are such a body of knowledge to exe-
cute. Sustainable contributions also addressed to identify and construct an outlines to face the problems being en-
countered.
Cooperative competitive aspects are able to assess the performance considering sustainability requirements.
Based on the study of Marcis, De Lima and Da Costa (2019), that cooperative operations provides data that contrib-
utes and help develop business models and set sustainability performance indicators to form relative approach and
strategies. It also adhere useful and feasible process for the foundation of a sustainable management and develop-
ment.
Impact of COVID-19
The impact of COVID-19 brought devastating effect on the existence of transport cooperatives. Significant
changes shows in number of factors such as members, assets and resources. This clearly affects the sustainability of
the cooperatives that it hardly cope and survive for the consequences that the pandemic has brought, although trans-
port sector provides large contribution to the community it negatively impacted the welfare of the organization and
its members Francesconi et al., (2021).
According to Hensher, Wei, Beck and Balbotin (2021), COVID-19 totally reduced the community activity
including the volume of work and employment, transportation and interactions. It significantly affects loss of in-
come due to implications of restrictions, taking away the benefits of the society. Public transport decreased and
turned the road into almost clear. This disruption compromises most mobility, therefore the needs for sustainable
policy and arrangement notably rises to support each sector.
Crisis Mitigation Measures is an essential to save the industry of cooperatives according to Tambunan
(2021). Various cooperatives increased turnover, total saving dropped, loan applications increased, operational ac-
tivities declined and revenues reduced. The application of new strategies and practices is a necessity as the COVID-
19 Pandemic spread; the members are not just looking for money but also for assurance, assistance, and protection
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on their own respective organization. Such strategies have been vital in enabling the members and the cooperative to
give importance about its functions. Cooperative should not leave them behind and provide all the necessities they
need.
Jeepney Operation
According to the Union of Catholic Asian News (2020), transport drivers and cooperatives are struggling to
resume their operations to survive the COVID-19 crisis. However, the jeepneys‟ operation remained suspended to
control the spread with a higher case of COVID-19. The government said they need to follow and observe the hier-
archy of transportation mode in the Philippines. They also stated Jeepney operation will be lastly to operate if the
public transport still is not sufficient. Hardships, sacrifices, and the life of jeepney drivers constantly affected. As
their livelihood and financial stability are being compromised, the recovery plans to overcome and survive these
difficulties amidst the pandemic is not yet ready to fulfil the gaps.
Several studies also showed that the experiences, challenges, and coping mechanisms that the pandemic
brought are becoming tricky because while they are pursuing to go back to work, they have a threat of the enemy
that they do not see. That they can still be infected, and they can also infect their families. Their incomes are not
enough due to the increasing of prices of goods and food, but they cannot do anything if there are fewer passengers.
So this directly explains that the getting back to the situation before is not in a clearer view (Ranis, Conquilla, Bun-
caras and Tus, 2021).
III. RESEARCH METHOD
Research Design
This study adopts descriptive design to provide a picture of the situation and explain current operations of
cooperatives and finally make judgment. It was used to investigate and determine how organization/management,
marketing, technical/operational and financial related factors govern in the operations of cooperatives affecting the
performance of cooperatives. The descriptive research aims to provide information about relevant variables (Baker,
2017). According to Grove, Burns and Gray (2013), descriptive designs may be used to develop theory, identify
problems with current practices and make judgement.
And the study also used quantitative research. According to Sheard (2018), quantitative research deals with
data that are numerical or that can be converted into numbers. This is used to investigate numerical data are called
„statistics‟. Statistical techniques are concerned with the organisation, analysis, interpretation and presentation of
numerical data. This covers huge area of study with wide application across many disciplines, including information
systems and other areas of information research to handle and analyse data to become more accessible.
Research Locale
The study was conducted at Laur, Nueva Ecija where Laur Transport Service Cooperative was located as
the members are the selected respondents to determine what problems that cooperative faced amidst the pandemic.
The selected location was chosen as it can help the research to formulate and propose recommendation and possible
solutions to solve those problems with efficient utilization of information.
Sample and Sampling Procedure
The study used random sampling. Random sampling is a technique in which each sample has an equal
probability of being chosen. A sample chosen randomly is meant to be unbiased representation of the total popula-
tion (The Economic Times, 2021).
The researchers used Raosoft application to calculated number of respondents to needed to participate in
the study with 95% confidence level and 5% margin of error. The sample size is 91 respondents out of the total
population of 118. The researchers concludes that the members of the cooperative have more understanding about
the functions and what is the actual experiences or situations they face and including that the members have accurate
judgements on the factors that affects the business operations and performance of Laur Transport Service Coopera-
tive. The criteria of choosing the respondents were that members of Laur Transport Service Cooperative which falls
at the category to have more understanding on the business operations of the cooperative.
Furthermore, considering the research objectives the respondents were targeted and provided information to
determine the cooperative operation which is affected by the pandemic. Lastly, the respondents contribute in propos-
ing recommendation and possible solutions for effective operational and performance of Laur Transport Service
Cooperative.
Data Collection
The research instruments used survey method, focus group discussion, and interview. The distribution of
questionnaire was administered personally by the researchers.The questionnaire was created using the acquired data
and was reviewed by the researcher's mentors. The researchers conducted a dry run of the questionnaire to ensure its
reliability and validity. The reliability coefficient of the instrument, which is calculated and monitored to maintain
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internal consistency. By submitting the created research instrument for expert review and assessment, the instru-
ment's validity is proven. The instrument's reliability coefficient was examined and determined to be .9962, indicat-
ing that the instrument has a high level of internal consistency. The questionnaire was also validated by experts with
weighted mean of 4.86 signifying a “very good” interpretation.
Data Analysis Technique
The data collected from the locale were collected, tallied, and analysed. Statistical tools such as percentage,
frequency distribution, weighted mean and thematic analysis using Colaizzi‟s 7 Steps Method , were used in analys-
ing the data gathered. A table was used to interpret the results of the data gathered.
IV. RESULTS AND DISCUSSION
1. Business Operations of Laur Transport Service Cooperative in terms of:
1.1 Operational Status
Table 1. Operational Status
Operational Status Frequency Percentage
Operations are still running 26 29%
Stopped operations but currently running
again
43 47%
Temporarily stopped 22 24%
Permanently Stopped 0 0%
Total 91 100%
Table 1 shows that the majority or 43 (47%) of the respondents have stopped their operation when the pan-
demic begun and now currently running again as the restrictions eased. And 22 or 24% of the respondents are tem-
porarily stopped their operations even the pandemic occurs.
The researchers discovered that the cooperative operating status had ceased but is now back up and running
at a rate of 47 percent, according to the survey. This demonstrates that the operational status is contingent upon gov-
ernment policy and quarantine classifications. According to respondents or members, they can continue to function,
but only for specific purposes such as medical emergencies and/or obtaining or supplying vital needs.
According to Gkiotsalitis and Cats (2020), service providers can continue to operate their businesses while
implementing real-time control and safety measures in order to create schedules that are tailored to the needs of in-
dividual scenarios.
Additionally, the researchers discovered that certain responders, or 22 (24 percent), temporarily ceased ac-
tivities with the lowest frequency. Limited members appear to be able to continue operating despite the restriction.
According to replies, up to 25% of members are permitted to have schedules because to pandemic restrictions.
According to Gao, Zhang, and Liu (2017), cooperatives' transportation capacity is contingent upon avail-
able slots for scheduling excursions in compliance with health norms and government policies. Essentially, as long
as the virus continues to spread, the cooperative will restrict the operating schedules of its members.
1.2 Cash Flow
Table 2. Cash Flow
Cash Flow Frequency Percentage
Shortage 85 93%
Surplus 6 7%
No Effect 0 0%
Total 91 100%
Table 2 shows that 85 (93%) or most of the respondents have decreased their cash flow and only 6 (7%) of
them have increased their cash flow.
The data above shows that majority of respondents stated that their cooperative's cash flow has declined or
is insufficient, with the highest number of 93 percent. This suggests that the pandemic has a major impact on the
respondents' and cooperative's money flows. According to them, their budget is impacted negatively because they
are unable to operate at full capacity due to the cooperative's lack of excursions and finances to offset the shortfall.
According to Turnea et al. (2020), insufficient cash flow is one of the challenges currently confronting the
transport cooperative as a result of the COVID-19 crisis, which has resulted in members being absent from work and
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severely impacted by their inability to operate under normal conditions, directly affecting the cooperative's business
operations.
Additionally, the study found that some respondents indicated that the cooperative had boosted its cash
flow by 6%. It demonstrates that the cooperative may operate with minimal cash contributions, similar to how lim-
ited members operate. According to some responders, even though the cooperative restricts member operations,
budgets or finances for specific projects are maintained, and even with restricted member operations, the cooperative
may manage minimum contributions to maximize its usage.
According to Olando, Mbewa, and Jagongo (2012), a sensible resource allocation plan minimizes risk to
the cooperative and, while attempting to close gaps and losses, ensures the cooperative's viability. As a result, it adds
to the country's stability during the pandemic.
1.3 Revenues
Table 3. Revenues
Revenues Frequency Percentage
No Effect 7 8%
Decrease by 1% to 25% 0 0%
Decrease by 26% to 50% 18 19%
Decrease by 51% to 100% 59 65%
Increase 7 8%
Total 91 100%
Table 3 shows that the majority or 59 (65%) of the respondents have decreased their revenues by 51% up to
100% amidst the pandemic and 6 (7%) of the respondents` revenues decreased by more than 100%.
According to the research, the majority of respondents boosted their profits by 51 percent to 100 percent,
with the largest rate of 58 percent occurring during the pandemic's peak. It notes that the majority of respondents
experienced the pandemic's catastrophic impact, which eliminated their opportunity to generate an income and made
their livelihood difficult to maintain. While some respondents reported experiencing revenue losses, others reported
accepting additional reservations and/or special trips to supplement their income.
According to Allen and Maghimbi (2009), in order to manage income losses, the organization must identify
and analyze the best strategy for optimizing the decreasing trend, and members must decide whether to wait for co-
operative assistance or accept extra trips to cover the losses.
On the other hand, the data indicates that some respondents reduced their revenues by more than 100%,
with the lowest figure being 7%. This means that different members faced varying degrees of revenue decline. Ac-
cording to some responders, they are barely coping with the pandemic's terrible impacts, but the question is whether
the magnitude of the damage is dependent on the members' demands.
According to Leachman and McNichol (2020), local revenue losses from 2020 to present, as well as the
prospect of continuing in the future, occurred at a significant rate. Revenue projections indicate major shortages,
with relief and recovery plans covering only a portion of the costs.
1.4 Bookings
Table 4. Bookings
Booking (Schedules) Frequency Percentage
No Effect 18 20%
Decrease by 1% to 25% 12 13%
Decrease by 26% to 50% 12 13%
Decrease by 51% to 100% 43 47%
Increase 6 7%
Total 91 100%
Table 4 shows that 43 (47%) of the respondents said their scheduled trip drops down to 51% up to 100% as
the quarantine classifications and restrictions imposed and although it pull down the operations, 6 or 7% of the re-
spondents still said the their bookings or schedules increased.
This suggests that some respondents are still unable to operate despite the lifting of the pandemic ban. As
stated by some responders, their operations rely on rotating scheduling until the cooperative reaches full capacity.
During this pandemic, public transportation is the most disrupted industry.
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Estimating a decline in ridership of up to 80% to 90% during the lockdown period, the percentage of con-
sumers lost as a result of government restrictions restricting demand to essential travel only (Gkiotsalitis and Cats,
2020).
However, the analysis found that 6 or 7% of respondents increased their bookings despite the pandemic,
which is the greatest rate. This means that the members find and add more hours to their trip in order to make up for
the lost time.
According to certain responders, it is acceptable to take additional journeys in order to obtain or earn reve-
nue to meet their daily necessities. As the pandemic requires a lengthy period of adjustment, the organization can
seek for opportunities to gain a positive side throughout the pandemic; even if it is a tiny opportunity, it will go a
long way toward meeting their basic needs (Suntai, 2020).
1.5 Workforce
Table 5 shows that 551 (60%) of the respondents that the cooperative have decreased the workforce by
51% up to 100% and 6 or 7% said only decreased by 1% to 25% as guided by the government policy and pandemic
regulations.
It emphasizes that the epidemic had a significant impact on the cooperative's workers. And, according to
other responses, it is preferable to cut the workforce than to become infected and spread the virus throughout the
community. Furthermore, the cooperative utilizes rotational scheduling to ensure that all members are involved in
the operation.
Table 5. Workforce
Workforce Frequency Percentage
No Effect 12 13%
Decrease by 1% to 25% 6 7%
Decrease by 26% to 50% 18 20%
Decrease by 51% to 100% 55 60%
Increase 0 0%
Total 91 100%
According to Conrroy, Durrheim, and Dalton (2008), the pandemic rendered transportation unable of per-
forming at their normal level of performance. Personal protection is required since disruptions to public transporta-
tion have a clear impact on each employee. As a result, rotational scheduling can ensure that each member has ac-
cess to the workforce.
2. Business Aspects of Laur Transport Service Cooperative`s operations in terms of:
2.1 Organization/Management Aspect
Table 6. Organization/ Management Aspect
Organization/Management Aspect Weighted Mean Rank Verbal Interpretation
1. Our cooperative follows recommendations and
operates in avoidance of incurrence of losses.
2.93 4 Agree
2. Our cooperative implements practices to increase
its functions.
3.06 3 Agree
3. Our cooperative encourages members to attend
seminars and trainings.
3.13 1 Agree
4. Our cooperative aligns its objectives to achieve
organizational goals.
3.08 2 Agree
5. Our cooperative helps the members to motivate
and empower them to perform their functions.
3.06 3 Agree
Organization/Management Aspects 3.05 Agree
Table 6 shows that most of the respondents agreed that the cooperative encourages the members to attend
seminars and trainings with the weighted mean of 3.13 and the respondents also agreed that the cooperative follows
recommendations and operates in avoidance of incurrence of losses with the lowest weighted mean of 2.93.
The findings indicate that encouraging members to attend seminars and trainings helps maintain competi-
tiveness and may also provide an advantage over other service providers by increasing members' awareness of cur-
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rent environmental events and how to adapt to changing conditions for a more efficient and safe business operation.
Especially during this kind of pandemic, online seminars about safety protocols are advised in their operation. Ac-
cording to respondents, when they attend seminars and trainings, they gain a better understanding of how to serve
and do their job and cooperation aims effectively and adequately. Since during this pandemic, there are changes in
the operation that should be supplemented by information thru training.
Zarkadoula, Ziodis, and Tritopoulou (2007) assert that drivers' performance can be enhanced through the
development of their hazard perception through seminars and training programs.
On the other hand, the findings indicate that the cooperative follows recommendations and operates in or-
der to avoid incurring losses. This is an important point to emphasize because following recommendations from
trusted institutions, shareholders, or stakeholders can assist the cooperative in performing well and operating at a
higher rate in order to avoid losses. In line with the respondents‟ operation during the pandemic, a significant per-
centage of their income has been lost; thus, all possible communications with members should be made. According
to responders, as long as it is discussed with members and deemed to be of benefit, it is worth attempting.
Additionally, implementing recommendations may provide an opportunity for growth and an opportunity to
improve corporate operations and performance (Wray, 2015).
2.2 Marketing Aspect
Table 7. Marketing Aspect
Marketing Aspect Weighted Mean Rank Verbal Interpretation
1. Our cooperative emphasizes the concepts and im-
plements measures to improve the delivery of ser-
vices.
3.06 2 Agree
2. Our cooperative engages in some partnerships for
promotions.
2.74 4 Agree
3. Our cooperative uses marketing strategies to in-
crease the number of trips.
2.80 3 Agree
4. Our cooperative advertises our services to encour-
age community to avail their service.
3.06 2 Agree
5. Our cooperative gives importance with the rela-
tionship within the community.
3.26 1 Strongly Agree
Marketing Aspects 2.98 Agree
Table 7 shows that the majority of the respondents strongly agreed that the cooperative gives importance
with the relationship within the community with weighted mean of 3.26 and the respondents agreed that the coop-
erative engages in some partnerships for promotion with the lowest weighted mean of 2.74.
The study demonstrates that emphasizing the cooperative's ties with the community is an important part of
their marketing strategy. This demonstrates that the cooperative maintains or strengthens their relationship with the
consumer because they believe it is one of the best methods to earn the client's trust and loyalty, which increases the
likelihood of increased customer return. According to respondents, the simplest approach to advertise their service
amidst this pandemic is to strengthen client relationships. Additionally, they must earn their clients' trust in order to
avoid revenue loss.
According to Kanagal and Balakrishna (2009), relationship marketing is one of the most effective strategies
for improving business performance since it highlights the importance of communication between the service pro-
vider and the consumer.
On the other hand, the analysis indicates that the cooperative should form some promotional collaboration.
It indicates that respondents think the cooperative should pursue partnerships amidst this pandemic because they
provide or contribute to a firm's competitive advantages for long-term performance and longevity in the market.
According to respondents, forming partnerships is the first step toward a deeper grasp of relationship marketing's
strategic purpose.
Thus, the establishment of durable partnership arrangements can facilitate the acquisition of resources and
impact marketing's role in the strategic decision-making process, as well as elucidate the connections between or-
ganizational learning and strategic implementation (Trim and Lee 2008).
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2.3 Technical/Operational Aspect
Table 8. Technical/ Operational Aspect
Technical/Operational Aspect Weighted Mean Rank Verbal Interpretation
1. Our cooperative provides development plans,
budget and operational policies.
3.26 1 Strongly Agree
2. Our cooperative provides allowable limits of expo-
sure of individual members.
2.80 4 Agree
3. Our cooperative has the capacity building to en-
sure effective and efficient implementations.
3.20 2 Agree
4. Our cooperative can acquire needed interventions
provided by government.
3.12 3 Agree
5. Our cooperative strengthens its members‟ capabili-
ties according to the requirements of the cooperative.
3.20 2 Agree
Technical/Operational Aspects 3.11 Agree
Table 8 shows that the majority of the respondents strongly agreed that the cooperative provides develop-
ment plans, budget and operational policies with the weighted mean of 3.26 and the respondents agreed that the co-
operative should allow limitations of exposure of individual members with the lowest weighted mean of 2.80.
The previous conclusions emphasize the critical nature of designing development plans, budgets, and op-
erational procedures for the purpose of enhancing and sustaining business operations during and after the pandemic.
It highlights how having a budget and operating plan allows the organization to meet its growing needs while also
keeping maintenance costs in check. According to respondents, planning and budgeting for the cooperative's future
needs is vital in order to avoid members incurring the whole cost of operational needs.
In a cooperative development setting, operations and maintenance should be guided by plans and budget
frameworks in order to control and/or reduce the overall cost of optimizing and improving corporate facilities and
equipment (Sherrill, Fujita and Trim 2007).
However, the aforementioned facts suggest that restricting individual members' exposures should be im-
plemented uniformly, as it is the least expensive option. As a result, members must receive the highest level of co-
operation possible to avoid misconceptions that could harm cooperative efforts especially in dealing with this pan-
demic. According to some respondents, scheduling difficulties emerge as a result of the fact that some members
obtain more appointments than others.
Mahmoodi et al. (2015) assert that each individual member deserves equal scheduling or booking chances,
and that the organization should solicit and consider all perspectives before making a decision. This, however, limits
members' availability for special trips or schedule substitutions in the event of absences.
2.4 Financial Aspect
Table 9. Financial Aspect
Financial Aspects Weighted Mean Rank Verbal Interpretation
1. Our cooperative has limited capital for operations. 2.78 4 Agree
2. Our cooperative pursues savings and time deposit
mobilization programs to increase limited resources.
2.93 2 Agree
3. Our cooperative maximizes the use of limited re-
sources to prevent loan.
2.80 3 Agree
4. Our cooperative controls the use of funds. 3.06 1 Agree
Financial Aspects 2.96 Agree
Table 9 shows that the majority of the respondents said that the cooperative controls the use of funds with a
weighted mean of 3.06 and also the cooperative has limited capital for operations with the lowest weighted mean of
2.78.
Although the researchers discovered that the cooperative has a restricted operating capital, respondents said
that the cooperative is capable of assisting its members. That is, the respondents or members conclude that the coop-
erative has emergency cash for unanticipated situations and that the other topic to debate is capital for operations.
Though it is pandemic, the management team is trying their best to save their fund, but what is important to them is
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the daily survival fund for their members‟ and family. The above discussion shows that the cooperative still controls
the use of their funds.
According to the findings, the cooperative should provide help programs for members, whether technical or
financial, and should design governance system tactics to optimize economic advantages and reinvest them in the
cooperative and its members (Ferreira et al., 2020).
Additionally, the researchers discovered that the cooperative lacks sufficient funds for operations, as seen
by the lowest weighted mean of 2.78. Since the epidemic began, the cooperative's financial statements and revenues
have fallen below normal levels due to its inability to operate and function fully. As a result, additional cooperative
funds were impacted as well. According to responses, their income decreases and some are unable to make income
entirely because the cooperative operates at roughly 30% of its capacity and limited members can only work limited
hours.
In light of the crisis's insufficient money for operations, adopting strategies to reduce the pandemic's finan-
cial and economic losses is a necessary step toward implementing measures and channeling funds to address the
gaps and losses caused by the crisis (Allen and Maghimbi, 2009).
3. Problems encountered of Laur Transport Service Cooperative amidst the pandemic in term of:
3.1 Organization/Management Aspect
Table 10 shows the problems being encountered by the respondents based on the organization/management
aspect of business operation.
Table 10. Problems encountered of Laur Transport Service Cooperative amidst the pandemic in Organiza-
tion/ Management Aspect.
Organization/Management Problem Frequency Percentage Ranking
1 Lack of communication 49 54% 1
2 No members unity 24 26% 2
3 Directions of cooperative objectives are not clear 18 20% 3
Total 91 100%
The findings showed that the lack of communication is the top problem which the cooperative faced with
the highest percentage of 54%, it conveys that the respondents believed that this problem may cause organizational
dispute amidst this pandemic if not resolve based on equality. Communicating important and relevant operational
matters were only discussed with the other members. During this pandemic, communication should be well main-
tained to keep the organization working. According to some respondents, unfairness is not a good sign of good
governance which may lead to multiple organizational problems.
Unmet expectations are a result of a lack of communication. Teams miss deadlines, clients miss appoint-
ments and individuals working on a project appear to be unaware of their assigned tasks. When employees struggle
to choose their priorities, they frequently make the wrong choice and disappoint their bosses. It is impossible to
know where to begin and how to complete a project efficiently without clearly articulated goals and priorities
(Kinsey, 2019).
The findings also shows that the directions of cooperative objectives are not clear which means the coop-
erative does not have a concrete policy and business plan that will support the needs of every member. According to
the respondents the cooperative often listen to the suggestions but failed to incorporate it due to neither insufficient
policy nor plan.
Policies define how an organization functions and give direction, consistency, responsibility, efficiency,
and clarity. This provides norms and principles for co-operative members to follow (Canada Mortgage and Housing
Corporation, 2018).
3.2 Marketing Aspect
Table 11. Problems encountered of Laur Transport Service Cooperative amidst the pandemic in terms of
Marketing Aspect.
Marketing Problems Frequency Percentage Ranking
1 Lack of marketing strategies and campaigns 91 100% 1
Total 91 100%
Table 11 shows the marketing problems encountered of Laur Transport Service Cooperative amidst the Pandemic.
The study found out that all of the respondents said that lack of marketing strategies and campaign is the
only problem being encountered of the cooperative amidst the pandemic. It implies that the cooperative have to es-
tablish documented strategies to increase customer base, gain brand awareness, increase sales and achieve other
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business goals. Though we are under pandemic, the marketing aspect of Cooperative should be improved and im-
plemented. According to the respondents the cooperative provides marketing strategy but later on it will just be set
aside and left behind.
According to Beverland (2007), cooperative may be able to develop innovative marketing programs that
can be sustainable for long-term success, as members were able to obtain the equity of intangible assets and be con-
sistent in marketing positioning.
3.3 Technical/Operational Aspect
Table 12. Problems encountered of Laur Transport Service Cooperative amidst the pandemic in terms of
Technical/Operational Aspect.
Technical/Operational Problems Frequency Percentage Ranking
1 Limited passengers 18 20% 3
2 Interruptions due to pandemic restrictions 54 59% 1
3 Issues on schedule trips 19 21% 2
Total 91 100%
Table 12 shows that the problems being encountered by the cooperative amidst the pandemic under the
technical/operational aspect of business operations.
The research revealed that operational disruptions due to pandemic restrictions are the highest percentage
of 59% as a technical/operational problem of the cooperative in this time of pandemic. It says that COVID-19 pan-
demic has broken the most of transportation links and distribution mechanism between the transport provider and
the customers. According to the respondents their operation and capacity to accommodate passengers are totally
dependable to the pandemic restrictions.
Based on the study of Marsden and Docherty (2021), adaptations of policy changes due to the considera-
tions of pandemic restrictions will show if the responses to ongoing strategic challenges are actually working based
on the process of policy formulation and how the cooperative be responsible to follow the regulations to continue to
operate.
On the other hand, the research also revealed that limitation on passengers is the least problem that the co-
operative members faced amidst the pandemic with the percentage of 20%, it maybe because of the attitude and per-
sonal perceptions of the respondents on how to deal with the effect of the pandemic. According to the respondents it
is better to have limited passengers and limited income rather than not to have scheduled trips and not be able to
earn any income.
As the pandemic impacts the volume of passengers to be accommodated by the transport provider, it also
affects the economic operations of the organization and the everyday life of the members which leads to adopting
capacity dynamics to cover the operational loss and income generation of the members (Loske, 2020).
3.4 Financial Aspect
Table 13. Problems encountered of Laur Transport Service Cooperative amidst the pandemic in terms of Fi-
nancial Problems.
Financial Problems Frequency Percentage Ranking
1 Decrease of cooperative funds 12 13% 2
2 Lack of income 79 87% 1
Total 91 100%
Table 13 shows the problems which the cooperative encountered due to the pandemic under the financial aspect.
The findings show that the problem about the financial aspects with the highest percentage of 87% is the
lack of income of the members and the cooperative. This problem reflects to the impacts of the COVID-19 pan-
demic with serious decline in demand and revenue of public transportation. Based on the respondents, being jeepney
driver is their only way to earn an income for their family but the pandemic took that from them resulting to hard-
ships to survive with the everyday life.
According to Tirachini and Cats (2020), public transportation agencies and transport cooperatives needs to
seriously address the critical issue to minimize the contagion risk without compromising the source of income of the
members.
The findings also show that the cooperative funds decreased for the assistance and to support the needs of
the members are the least problem under the financial aspects that the cooperative experienced amidst the pandemic
with the lowest percentage of 13%. It means that this issue is not the main source of the problem. The cooperative
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has a decreasing fund which should be prevented from exhausting. This fund is the lifeblood of the cooperative;
therefore it should not be exhausted.
Based on the study of Duff (2017), money serves as both a lubricant and a fuel. It enables the efficient de-
sign, production, and marketing of a product, as well as the efficient operation of administrative services. Addition-
ally, money propels the business forward by driving growth and expansion. As a result, if a business lacks the fund-
ing necessary to mobilize, it will cease to exist.
4. Proposed Development Plan for Laur Transport Service Cooperative
The researchers used the gathered data to establish an interpretation that can be contributed in the formula-
tion of the development plan and will serve as a reference of Laur Transport Service Cooperative.
Based on the gathered data, the researchers presented the table to help improve and develop the business
operations of Laur Transport Service Cooperative. The content of the development plan was based on the actual
problems encountered by the cooperative from the respondents/members amidst the pandemic.
The respondents were also asked to share their various opinions/suggestions on how to solve or face the
problems being encountered by the cooperative amidst the pandemic. With the shared possible solutions of the re-
spondents, the researchers summed up the idea and present this development plan that can be used or served as
guidelines in solving or facing the problems/issues being encountered during this time of pandemic under the differ-
ent business aspects of business operations.
V. ACKNOWLEDGEMENT
The researchers would like to acknowledge their family in providing them the moral support needed to fin-
ish the study.
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