Analysis of Causes of High Rate of Co-Operative Business Failure and Possible Interventions in Taita Taveta County in Kenya

Abstract

The purpose of this study was to establish and analyze the prime causes of high rate of co - operative business failure an d possible interventions in Taita - Taveta County in Kenya. It was therefore an action research oriented study. The study was designed in August - December, 2014 and eventually executed in June, 2015. The study employed a mixed approach paradigm that enabled a dequate collection of both quantitative and qualitative data. The quantitative data was analyzed using the Statistical Package for Social Sciences (SPSS). The qualitative data was analyzed by identifying objective thematic responses, together with their c ategorization and logical interpretations in accordance with the study objectives. Analytical tables were also appropriately utilized. The findings of the study revealed that major causes of co - operative business failure included lack of awareness of the f unctioning of the co - operative business model, inadequate professional skills, mismanagement and corruption among others. Key intervention strategies were identified as intensive co - operative education and training, adherence to co - operative principles an d values, and enhancing professionalism in conducting day to day co - operative business affairs.