coopetition — A business strategy that combines cooperation and competition between companies
Part of speech: NOUN
Definition: A business strategy that combines cooperation and competition between companies
Pronunciation (IPA): /koʊˈɒpɪˌtɪʃən/
Korean meaning: 기업 간 협력과 경쟁을 동시에 하는 경영 전략
Korean pronunciation: 쿠**옵**어티션
Example Sentences
- Netflix and Amazon Prime practice coopetition by competing for viewers while sharing cloud infrastructure.
- The coffee shops on the street formed a coopetition alliance - they compete for customers during the day but share delivery costs at night.
- In the gaming industry, coopetition allows companies to collaborate on industry standards while competing for market share.
coopetition
NOUN//koʊˈɒpɪˌtɪʃən//
A business strategy that combines cooperation and competition between companies
Cooperating while competing in business
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🌳Etymology
Origin
1996년 레이 노르다(Ray Noorda)가 만든 합성어로, cooperation(협력)과 competition(경쟁)을 결합한 비즈니스 신조어
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“Netflix and Amazon Prime practice coopetition by competing for viewers while sharing cloud infrastructure.”
“The coffee shops on the street formed a coopetition alliance - they compete for customers during the day but share delivery costs at night.”
“In the gaming industry, coopetition allows companies to collaborate on industry standards while competing for market share.”
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Etymology, AI images, rhymes, collocations & examples — all in one!
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