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co-opetition

   Also found in: Encyclopedia, Wikipedia, Hutchinson 0.02 sec.
co-opetition [ˌkəʊɒpəˈtɪʃən]
n
(Business / Commerce) cooperation between competitors in business, esp in the computer industry


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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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