What is Co-opetition?
A definition of Co-opetition
“Co-opetition is a business strategy where competing companies collaborate for mutual benefit, balancing cooperation and competition.”

Business Glossary > What is Co-opetition?
Examples of Co-opetition in a Sentence:
Co-opetition can boost market innovation and share resources.
Rival firms engaged in co-opetition may pool R&D efforts.
Our company embraced co-opetition to expand our product reach.
Why is Co-opetition Important in Business?
Co-opetition allows businesses to leverage each other’s strengths to achieve goals that might be unattainable independently. It can lead to innovation, cost savings, and enhanced market reach, contributing to overall competitive advantage.
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Associated Terms
Here are some associated business terms and synonyms for “Co-opetition”:
- Collaborative Competition
- Strategic Alliance
- Concurrent Collaboration
Microsoft and Nokia Co-opetition
Microsoft and Nokia teamed up in 2011, combining their software and hardware expertise to compete against dominant players like Apple and Google in the smartphone market, demonstrating successful co-opetition strategy.
Final Notes on Co-opetition
In considering co-opetition, companies should evaluate potential complementary capabilities and shared objectives. Understanding the balance of cooperation and competition is vital for long-term success.
This has been a definition of Co-opetition meaning.
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