The Effect of Digitalization of Cooperative on Better Transparency and Competitive Advantage

Abstract

This study attempts to provide insights into how the digitization process might improve cooperative transparency and competitive advantage. A thorough assessment of related and pertinent publications on cooperative digitization, transparency, and competitive advantage was conducted. The cooperative as a kind of economic institution could benefit from the new and current features in the business environment, which have provided a smooth road for the digitalization process. Because corporate operations cannot be carried out physically, and resource and transaction mobilization are limited, digitalization is required during uncertain economic times. Whereas, for the cooperative, gaining the faith and confidence of its members is a major priority. The practitioner will be more motivated, and the digitalization process will be enhanced if they have a better knowledge of how the digitalization process may improve both transparency and competitive advantage.