Cooperative Society is an effective form of organization for social welfare awared companies. By equally share-holding a Co-Op, thousands or millions owners benefit from the low-cost product produced by their own company. Statistics show that Co-Op has a much higher survival rate:
Capital and the Debt Trap reports that "Cooperatives tend to have a longer life than other types of enterprise, and thus a higher level of entrepreneurial sustainability. In [one study], the rate of survival of cooperatives after three years was 75 percent, whereas it was only 48 percent for all enterprises ... [and] after ten years, 44 percent of cooperatives were still in operation, whereas the ratio was only 20 percent for all enterprises" (p. 109). "
This is significantlly different from a usual public or private company, where making profit is the primary goal. Co-Ops can have large number of simultaneous owners so that there is a strong supervision force imposed on the execution board. In this way, Co-Op sticks to its original goal -- increase social welfare for its community -- thousands of ordinary people who are equally share-holding this company.
There are plenty of successful stories of Co-Ops. AMUL is an example of producer-cooperative. By controlling the distribution company which is a key stone in milk supply chain, the milk farmers earn more at the same time of lowering retail price. Similarly, consumer-cooperative can be formed to address the supply of a particular product. By cutting unnecessary components in the supply-chain, owners (consumers) can get much lower price than current offerings.More..