A new term is emerging for businesses for all shapes and sizes. Forget the days when businesses were built to trample the competition. Co – opetition is promoting arrangements between companies where they can access information and key practices and strategies from a competing business to survive in the market.
Co – opetition is thriving for start – ups in Australia, according to Sydney technology entrepreneur Mick Liubinska. Adventure Capital founder and managing partner Stuart Richardson believes that in order to succeed in your business, it is critical that co – opetition is practiced.“As big as your dreams are and as smart as you might think you are, you can’t do it alone.” he adds.
Read more about this on the Sydney Morning Herald website.
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