Issue

Vol. 12 No. 1 (2025): June

Date Log

Submitted
28 February 2025
Accepted
23 May 2025
Published
9 June 2025

Copyright (c) 2025 Firdaus Basbeth (Author)

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This work is licensed under a Creative Commons Attribution 4.0 International License.

A Shared Value Strategy in Cooperative Enterprises: The Role of Humanistic Governance

https://doi.org/10.24252/minds.v12i1.55798
Firdaus Basbeth
Sekolah Tinggi Manajemen PPM, Indonesia

Corresponding Author(s) : Firdaus Basbeth

[email protected]

Jurnal Minds: Manajemen Ide dan Inspirasi, Vol. 12 No. 1 (2025): June

Abstract

Cooperatives, as social enterprises, prioritize community welfare and shared value over profit maximization. This study contributes a novel integrative framework that links frugal innovation, creating shared value (CSV), and humanistic governance to cooperative performance, addressing a gap in cooperative governance research. Employing SmartPLS3 with conditional mediating (CoMe) analysis, data were collected from 342 fishermen across Java. Findings reveal that CSV significantly mediates the relationship between frugal innovation and cooperative performance, while humanistic governance positively moderates the CSV–performance link. This model offers empirical validation for applying corporate governance principles in cooperative settings. Theoretically, it advances understanding of how governance enhances value creation in social enterprises. For practitioners, the results underscore that strengthening humanistic governance is not merely ethical but strategic—leaders must cultivate participatory, value-driven governance to boost cooperative outcomes. This research marks an early empirical attempt to operationalize governance's conditional role in social business ecosystems.

Keywords

frugal innovation, shared value creation, small-scale fisheries (SSF), humanistic governance, ccooperative performance Shared Value Frugal Innovation Humanistic Governance Cooperative Performance Strategy
Basbeth, F. (2025). A Shared Value Strategy in Cooperative Enterprises: The Role of Humanistic Governance. Jurnal Minds: Manajemen Ide Dan Inspirasi, 12(1), 1–16. https://doi.org/10.24252/minds.v12i1.55798
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Author Biography

Firdaus Basbeth, Sekolah Tinggi Manajemen PPM

Management Department

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