Abstract:
The Sri Lankan Co-operative movement has made a significant impact on the public
consciousness today. However, there were few numbers of studies in the world that
have studied the success models of Co-operatives. The Rideegama multipurpose co operative society is the best award-winning co-operative society in the Wayamba
province. The research problem of the study was “What are the factors behind the
success of Rideegama multipurpose co-operative society in Sri Lanka? The main
objective of the study is to explore the success factors behind the Rideegama
multipurpose co-operative society in Sri Lanka. There was no study conducted in Sri
Lanka for the above purpose. Through this study, researchers fill that gap. After
reviewing the literature, the researchers conceptualized an inductive type of
qualitative research with interpretivism as the research philosophy. The purposive
sampling method was followed, and the nine board of directors, Staff members, and
the members in the Rideegama multipurpose co-operative society were signified.
Data collection was done through the observations and the panel discussion.
Researchers used both primary and secondary data to enrich the output.
Furthermore, data analysis was done through content analysis. The study found that
a solid marketing system, effective cost management system, strong human resource
practices, sustainable internal control system, and well-built relationship with
stakeholders were the most critical success factors behind the co-operative society
in Rideegama. It is recommended for future researchers to increase the data sample
and to conduct further research according to a mixed methodology. The findings of
this study are useful for policymaking and provide a lesson for unsuccessful co operative societies in Sri Lanka.
