Coopetition

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Coopetition or Co-opetition (sometimes spelled "coopertition" or "co-opertition") is a neologism coined to describe cooperative 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 when companies work together for parts of their business where they do not believe they have competitive advantage and where they believe they can share common costs. For instance, 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 - qualifies as coopetition. In this case, companies save money on shared costs while remaining fiercely competitive in other areas.

Contents

History

The word coopetition and its variants have been re-coined several times:

See also

Notes

  1. Paul Terry Cherington, Advertising as a Business Force: A Compilation of Experience Records, Doubleday, for the Associated advertising clubs of America, 1913, p. 144 (full text at Google Books)
  2. "Co-opetition", Los Angeles Times, Nov 20, 1937, p. a4
  3. Lawrence M. Fisher, "Preaching Love Thy Competitor", New York Times, March 29, 1992 full text
  4. http://www.independent.co.uk/news/obituaries/ray-noorda-422415.html Independent, Ray Noorda - Pioneer of 'co-opetition'
  5. Kamen, Dean. "US Patent 7,507,169". US Patent Office. Template:Citation/identifier. http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=7507169.PN.&OS=PN/7507169&RS=PN/7507169. 
  6. "FIRST values"
  7. Waltrip, Darrell. "For Gordon and Johnson, "coopetition" is a winning strategy.". http://msn.foxsports.com/nascar/story/For-Gordon-and-Johnson,-'coopetition'-is-a-winning-strategy. 

References

External links

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