What is Coopetition and How Does it Benefit Business?

HPE and AWS coopetition: https://www.techtarget.com/searchcloudcomputing/news/252465422/HPE-hybrid-cloud-poised-for-coopetition-with-AWS-Microsoft?utm_source=youtube&utm_medium=video&utm_campaign=022022COOP&utm_content=COOP&Offer=OTHR-youtube_OTHR-video_OTHR-COOP_2022Feb08_COOP
What is coopetition: https://searchcio.techtarget.com/definition/co-opetition?utm_source=youtube&utm_medium=video&utm_campaign=022022COOP&utm_content=COOP&Offer=OTHR-youtube_OTHR-video_OTHR-COOP_2022Feb08_COOP

Keep your friends close, and your enemies closer -- that’s the basic idea of coopetition. Coopetition is what it sounds like -- a mix of “competition,” and “cooperation.” It’s a business strategy for knowing when competitors benefit more from working together than they do working against each other. Take the COVID-19 vaccine for instance -- Pfizer and BioNTech combined their resources to make a product that benefitted everyone.

What are some other examples of successful -- or unsuccessful -- coopetition? Share your thoughts in the comments, and be sure to like and subscribe, too.


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#Coopetition #GameTheory #CoopetitionBenefit