Cooperative societies and organizations have a number of main objectives. Such organizations are considered to be jointly controlled by those working at the organization and those receiving services from the organization - so in essence, there are high levels of cooperation between these two parties of people. Cooperative societies originally came about to unite business owners with their staff members. They led to the practice of private companies being 'split' into shares, which were given to employees at various levels of the company. Essentially giving each individual within a firm a small piece of it raised productivity, as people gained the sense that they were very much part of the organization, rather than just somebody working for it. The following points describe some of the main objectives a cooperative society has.
- Enhanced cooperation
- High level of service
- Higher profits