Cooperating with competitors can lead to mutual benefit from "summary" of Competitive Strategy by Michael E. Porter
Cooperating with competitors may seem counterintuitive at first glance, but it can actually be a strategic move that benefits all parties involved. In certain situations, collaboration with rivals can lead to a win-win outcome where both sides are able to achieve their goals more effectively. This is especially true when it comes to tackling common challenges that may be too costly or complex for one company to address on its own. By working together, competitors can pool their resources, expertise, and capabilities to achieve mutual benefits that would not be possible if they were to go it alone. This can result in cost savings, increased efficiency, and improved innovation as ...
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