Management Analysis Journal
Vol. 14 No. 4 (2025): Management Analysis Journal

A Cooperative-Based Village-Owned Enterprise (BUMDes) Governance Model to Achieve Sustainable Development Goals (SDGs)

Catur Prabowo (STMIK Himsya Semarang, Indonesia)
Ig. Henri Pelupessy (STMIK Himsya Semarang, Indonesia)
Adi Saputra (STMIK Himsya Semarang, Indonesia)



Article Info

Publish Date
31 Dec 2025

Abstract

This study aims to develop a cooperative-based governance model for Village-Owned Enterprises (BUMDes) to support the achievement of the Sustainable Development Goals (SDGs). The research was conducted at BUMDes Sinar Mandiri Batursari Sakti using a participatory qualitative approach through literature reviews, field observations, in-depth interviews, Focus Group Discussions (FGDs), and a pilot implementation of the governance model. The findings reveal that the application of cooperative principles in BUMDes governance enhances institutional legitimacy, strengthens accountability, and promotes broader community participation. The integration of cooperative values also reduces elite domination, reinforces community ownership, and expands the village’s socio-economic impact. Furthermore, the governance model aligns with the achievement of several SDGs, particularly poverty reduction (SDG 1), decent work and economic growth (SDG 8), reduced inequalities (SDG 10), and partnerships for the goals (SDG 17). Therefore, the proposed cooperative-based governance model is not only relevant for improving the performance of BUMDes Sinar Mandiri Batursari Sakti but also has strong potential to be replicated in other BUMDes with adjustments to local contexts.

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Journal Info

Abbrev

maj

Publisher

Subject

Economics, Econometrics & Finance

Description

Management Analysis Journal (MAJ), provides a forum for the full range of scholarly study of the language and ...