Moreover production innovation in an economy helps in

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achievement of the set goals. Moreover, production innovation in an economy helps in the enhancing business survival; thus increasing employment which generates economic growth. Through creativity and innovation, cooperatives help in confronting the increased inequalities in income and wealth.
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Surname 2 Many cooperative enterprises help in the creation and maintenance of jobs, as well as the enhancement of economic growth. Evidently, firms can follow various strategies to acquire new and improved technologies, which can help in increasing their productivity. Consequently, companies pursue these strategies and innovative practices to introduce improvements and new methods of production. Workers can acquire incentives to enable them to become more creative and take increased risks in innovating in large or small ways continuously. Research indicates how the enterprises enjoy competitive advantages over the conventional firms, which have trouble in incentivizing and monitoring high-quality work. Through increased creativity and innovation, organizations enjoy the benefits of specializing in quality of goods within a broad sector since they have an incentive structure that is better suited to increase employees’ efforts and engagement. On the other hand, cooperative enterprises are often more stable during periods of downtowns or economic crises. The businesses can offer constant employment and have increased sustainability during the unavoidable swings of the entire economy. Organizations play
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