Cooperative Business Restructuring: Empirical Study in Indonesia
Abstract
The problem in performing cooperative business restructuring as a coaching technique is that the aggregate needs for cooperative business restructuring are not yet known, so it is not easy to identify which aspects of the cooperative business function require a restructuring policy. This study aims to determine in terms of what aspects cooperative business restructuring is necessary and how the restructuring scheme is expected to improve the position of cooperative businesses. The research was conducted on cooperatives in Indonesia, covering Surakarta, Kupang, and Jakarta and their surroundings. This study found that cooperative restructuring is essential to maintain a sustainable cooperative business to face increasingly complex and technologically literate business competition. Five cooperative business restructurings need to be carried out covering the financial function (including the owner's equity, liquidity, and access to sources of capital), labor turnover, and technology.
Keywords: restructuring, cooperative business, financial function, labor turnover, technology.
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