What does coopetition mean?
Definitions for coopetition
coope·ti·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word coopetition.
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Wiktionary
coopetitionnoun
Conflict over how to divide up the benefits produced by cooperation, as for example in labor-management relations.
coopetitionnoun
cooperation between commercial competitors for their mutual advantage
Etymology: From cooperation + competition
Wikipedia
Coopetition
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. Basic principles of co-opetitive structures have been described in game theory, a scientific field that received more attention with the book Theory of Games and Economic Behavior in 1944 and the works of John Forbes Nash on non-cooperative games. Coopetition occurs both at inter-organizational or intra-organizational levels.
Wikidata
Coopetition
Coopetition or Co-opetition is a neologism coined to describe cooperative competition. Coopetition is a portmanteau of cooperation and competition. Basic principles of co-opetitive structures have been described in game theory, a scientific field that received more attention with the book Theory of Games and Economic Behavior in 1944 and the works of John Forbes Nash on non-cooperative games. It is also applied in the fields of political science and economics and even universally [works of V. Frank Asaro, J.D.: Universal Co-opetition,2011, and The Tortoise Shell Code, novel, 2012]. Coopetition occurs when companies interact with partial congruence of interests. They cooperate with each other to reach a higher value creation if compared to the value created without interaction, and struggle to achieve competitive advantage. Often coopetition takes place when companies that are in the same market work together in the exploration of knowledge and research of new products, at the same time that they compete for market-share of their products and in the exploitation of the knowledge created. In this case, the interactions occur simultaneously and in different levels in the value chain. This is the case of the arrangement between PSA Peugeot Citroën and Toyota to share components for a new city car - simultaneously sold as the Peugeot 107, the Toyota Aygo, and the Citroën C1, where companies save money on shared costs while remaining fiercely competitive in other areas. Several advantages can be foreseen, as cost reductions, resources complementarity and technological transfer. Some difficulties also exist, as distribution of control, equity in risk, complementary needs and trust. Not only two companies can interact within a coopetitive environment, but several partnerships among competitors are possible.
Numerology
Chaldean Numerology
The numerical value of coopetition in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of coopetition in Pythagorean Numerology is: 6
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"coopetition." Definitions.net. STANDS4 LLC, 2024. Web. 20 Apr. 2024. <https://www.definitions.net/definition/coopetition>.
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