Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What's Coopetition?

Coopetition is a theory that derived from Cooperation and Competitions. How is it posible to cooperate in a competition?

user-image
Question added by Tegegne Abrham , General Manager , MM BEDDING INDUSTRIES PLC
Date Posted: 2016/07/29
afaq ul islam sofi
by afaq ul islam sofi , Senior Analysist , Standard Chartered Bank

Coopetition or co-opetition is a neologism coined to describe cooperative competitionCoopetitionis a portmanteau of cooperation and competition, emphasizing the "petition"-like nature of joint work. 

Hanan Hamze
by Hanan Hamze , Human Resources Manager , Skills United General Trading Company

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. Coopetition is a form of strategic alliance and is common particularly in the computer industry between software and hardware firms.