| SMART JOURNAL OF BUSINESS MANAGEMENT STUDIES |
VOL. 2 |
NO. 1 |
PAPER 1 |
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RELEVANCE OF SOCIAL CAPITAL TO COOPERATIVES |
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| S. Nakkiran* and Assefa Gebre** |
| * Professor of Cooperatives, Jimma University, Ambo College, Ambo, Ethiopia |
| ** Assistant Professor of Economics, Jimma University, Ambo College, Ambo, Ethiopia |
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| The development of cooperatives is closely associated with the utilization of factors of production like land, labor, capital, and organization. In cooperatives, due importance is given to capital but at the same time, capital is not allowed to dominate other factors of production. This is explicitly practiced by means of giving “one man one vote”, greater importance in voting and decision making process. Cooperatives are also giving due importance to human resource management and human capital. When human resource management is mobilized in the form of human capital, the social capital is formed. Social capital has greater ethical and human values than other values we can find in the capitalistic order of the society. |
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