It is common belief that an organization when formed serves a basic purpose. It could be that a group of individuals wanting to galvanize efforts to “cumulate savings” from members of their immediate community seek to establish a cooperative. A cooperative is an organization that is closest to a completely democratic model of organization. Every member has one vote, and every major decision is decided upon a general body of members at an annual general meeting. Yet again, another individual, together with like-minded friends, decide to incorporate an entity solely for commercial reasons: to make money for themselves and share the resulting profits after the hard work and diligence. The two examples cited above are at the two extreme ends of the scale—one egalitarian and another pernicious.
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