Income Generating Projects among State Universities and Colleges in the MIMAROPA Region: Basis for an Enhanced IGP Framework
Journal Title: Psychology and Education: A Multidisciplinary Journal - Year 2024, Vol 19, Issue 10
Abstract
To alleviate the financial difficulties of the Universities and State Colleges, Income Generating Projects (IGPs) should be strengthened to become more efficient. The college's re-energized or improved agri-business program would eventually help it achieve its aims of fiscal autonomy and flexibility in money management, as well as effectively carrying out its duty as a public institution of higher learning. This study looks into and analyzes the factors and challenges of running an income-generating project in six MIMAROPA Region State Universities and Colleges as a foundation for an IGP Framework aimed at providing state universities and colleges with long-term alternative funding sources. The researcher used the Descriptive research method in this study. This strategy entails gathering data to test hypotheses or respond to inquiries. This research employed a mixed methods approach. School administration has put great importance on sustaining and improving the operations of its IGPs to produce high-quality outputs attained through standard operational processes and active monitoring and planning. The profitability and productivity ratios analysis revealed that most SUCs have attained to sustain their IGP despite the onset pandemic. The data showed that IGPs are supported by the school administration through the allocation of just funds for the IGPs, monitoring and improving production processes, establishing a Healthy working environment for the employees and providing rightful wages and incentives, and achievements, helping IGPs reach target consumers and introduce the products to the market, manage finances through records of the transaction provided and backed by cash in and out flow statement, income statement and statement of financial position. Data also revealed that some IGPs are already self-financed, indicating outstanding financial production management. Further interviews also state that some SUCs have tied up with private and government entities, which helped boost the capacities and Production of the IGPs. This study also concludes that the level of support of the SUCs in terms of Production, human resource, marketing, and finance have attained to a moderate extent; the researcher concluded that the school administration has been very supportive of the operation of the IGPs.
Authors and Affiliations
Mark Christopher Roi Montemayor
Keywords
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- EP ID EP759103
- DOI doi: 10.5281/zenodo.11202699
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