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What is the meaning of Coopertition?

Coopetition or co-opetition (sometimes spelled coopertition or co-opertition) is a neologism coined to describe cooperative competition. Coopetition is a portmanteau of cooperation and competition.

What is cooperation between competitors?

Coopetition is the act of cooperation between competing companies; businesses that engage in both competition and cooperation are said to be in coopetition. Certain businesses gain an advantage by using a judicious mixture of cooperation with suppliers, customers, and firms producing complementary or related products.

What is it called when competitors work together?

Coopetition -- also spelled co-opetition -- is a portmanteau, combining the words cooperation and competition. Competitive businesses that also cooperate when it is to their advantage are said to be in coopetition.

What is cooperation among competitors?

Coopetition is a blend of cooperation and competition among businesses. This isnt a zero-sum game where ones gain is anothers loss. Its a plus-sum game where everyone gains mutual benefits. Coopetition is when companies, who may sometimes be competitors, collaborate for mutual benefit.

What is the relationship between cooperation and competition?

It follows that competition occurs with the belief of negative goal correlation, whereby a goal can be achieved only if others do not achieve it. Conversely, cooperation occurs with the belief in positive goal correlation: the accomplishment of a goal only if everyone achieves the goal (Johnson et al., 1981).

co petition form

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How do you cooperate with competitors?

Start by analyzing what each party will do if it doesnt cooperate and how that decision will affect industry dynamics. Sometimes cooperation is a clear win. Even if it isnt, it may still be preferable to not cooperating. But its critical to try to figure out how to cooperate without losing your current advantages.

Who invented coopetition?

Ray Noorda, the former CEO of Novell Inc., first coined the term coopetition in 1992 to describe a common phenomenon in the computer industry: cooperation between competitors.

What is an example of coopetition?

Another example of coopetition is how specialized social media sites, such as dating site Tinder, are using Facebook or Twitter credentials to log users in. Social logins simplify the login process.

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