IRMA and NABARD
- Ashu Sikri (Unlicensed)
This study aimed at conducting a detailed understanding of the prior relevant studies on factors influencing performance of business entities in general and there by formulating critical success factors for the performance of FPOs in particular. For this we utilized 34 relevant studies in all the three domains of organization, FPOs and milk collectives. Study findings reveal the fact that there are many variables that can be used to define performance of business entities. However, every component cannot be suited in lines with ground realities of FPOs. Moreover, critical success factors are those few areas which are customized for and entity in a particular industry. Keeping this is mind, we reduced the factors in to five themes and defined a few more sub variables in the conceptual framework we worked out. This study attempted to organize fragmented literature in three areas of study (organization, FPOs, milk collectives) and to formulate a comprehensive framework that could assess the performance as well as to define the critical factors. Majority of the existing studies speak little about comprehensive performance evaluation or critical success factors. We looked at this theoretical gap in this attempt and the conceptual framework covers the most crucial five thematic indicators for the best performance of FPOs.
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