An Analysis of Key Success Factors of Cooperative Feed Mill Enterprises in Batangas Province, Philippines

EasyChair Preprint 4767

Abstract

A study on the analysis of the key success factors (KSFs) of cooperative feed mill enterprises in Batangas province was done with the following specific objectives: 1) describe the external (macro and micro) environment of the feed mill industry; 2) present the internal environment of the selected cooperative feed mill enterprises; 3) analyze the key success factors of the selected cooperative feed mill enterprises; and 4) recommend solutions for the selected cooperative feed mill businesses.

A descriptive type of research was employed in the study of the three cooperative feed mill enterprises which represented three scales of operation.  These cooperative feed mill businesses were the following: Batangas Bestfeed Multi-purpose Cooperative (BBFMPC), Agro-industrial Cooperative of Mataas Na Kahoy (AICOM) and Sorosoro Ibaba Development Cooperative (SIDC). The study on the cooperative feed mill enterprises in Batangas found that the key success factors (KSFs) were the following: degree/level of vertical integration, technological capabilities, geographical/market area coverage, adequate and sound financing and professional management. A high degree or level of integration, wider geographic market coverage and good professional management were exhibited by SIDC. Meanwhile, BBFMC exhibited adequate and sound financing while AICOM showed partial integration and moderate professional management.

It was recommended that SIDC should continue implementing its current strategies that involve expansion initiatives  and aggressive contract growing (CG) arrangement for yellow corn. Moreover, it is recommended that AICOM should divest its feed mill operations due to high accounts receivables and decreasing number of backyard swine and poultry farms in Mataas Na Kahoy municipality where majority of its members are situated. Lastly, BBFMPC is suggested to implement a market penetration strategy.

Keyphrases: Key Success Factors, Philippine feed mill industry, cooperative feed mill enterprises

@booklet{EasyChair:4767,
  author    = {Maria Noriza Herrera and Dinah Pura Depositario and Arlene Gutierrez and Dia Noelle Velasco},
  title     = {An Analysis of Key Success Factors of Cooperative Feed Mill Enterprises in Batangas Province, Philippines},
  howpublished = {EasyChair Preprint 4767},
  year      = {EasyChair, 2020}}