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coopetition |
Also found in: Wikipedia, Hutchinson | 0.09 sec. |
coopetition(COOPEration compeTITION) Cooperation between competing companies. In the information field, coopetition means settling on standards and then developing products that compete with each other using those standards. |
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| But most of the literature, such as the 1998 book Co-opetition (Brandenburger, et al) focuses on complementary efforts--on businesses doing different things that complement each other. MedUnite, a health care insurance co-opetition venture, is an example of competitors joining forces to accomplish tasks that each planned to do individually. On the negative side of the co-opetition equation, the competitive spirit is intense. |
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