Multi-purpose cooperatives need to operate and effectively focus their efforts on certain tasks to avoid getting astray or deviate from their targets. As required of all well-managed organization, the right external and internal environment with the right people in it is essential. For a cooperative organization to accomplish its objectives, a sense of direction needs to be set and some sort of rules or guidelines have to be established and observed. This research aims to examine the effect of strategic management practices on the business performance of selected multi-purpose cooperatives in Ifugao. Specifically, it seeks to measure the level of application of strategic management tasks by these cooperatives and correlate it with its financial and operational performance as a basis for a strategic planning model. This study utilized primary and secondary data. To assess the relationship between strategic management and financial and operational performance, the researcher used simple regression analysis. Result of the study showed a positive relationship between strategic management and financial performance which is supported by the analysis made on the financial statements of the cooperative which shows an increasing trend on the net profit margin, ROA and ROE. A positive relationship also occurs between strategic management and operational performance of the multi-purpose cooperatives in Ifugao. This study hopes to contribute not only in addition to literature but also to be of help to the management of the cooperatives to suggest strategies that would be of great help towards a positive business performance. Moreover, this study will be serving as a reference material for both academicians and practitioners. Keywords: Competitive Advantage, Financial Performance, Operational Performance, Planning Model, Strategic Management