Developing a Model to Study the Influence of Resource Based and Social Capital Theory on Performance of Sugar Cooperative Factory: A Case Study Approach

Sugar Cooperative Factory constitutes of Industrial Relations and performance of industrial activities. The factory has led an example for all cooperatives to start a sustainable approach. The sugar factory uses the 3R of reuse, recycle and repair to sustain the sugar world. The aim of the research is to study the effect of tangible and intangible resources on the performance of the sugar factory. The study also enlightens the effect of social capital theory on performance of the sugar cooperative. The study aims to recommend suggestions for the better performance of the sugar cooperative factory. The study is based on both primary and secondary data. Primary data has been collected from the manager, officers, staffs and workers of one of the sugar factory in Satara district of Maharashtra. Kisanveer Sugar Factory was chosen for the study. 15 interviews were conducted with the stakeholders which included workers, board of directors, manager, chairman and office staff. A structured questionnaire was prepared to study the industry details. The study comes out with the importance of human resource and leadership approach for sustainable cooperative performance. The study also suggests few policy recommendations and suggestions for a better performance of sugar cooperative. The present study is an approach to develop a sustainable sugar world with better human resource management.