Coopetition

Well, imagine you are playing with your friends in the park. You want to have fun together and play games, but sometimes you might have different ideas of what games to play or how to play them. This can make it hard to decide on one game to play, right?

Now, let's say you and your friends decide to work together to find a game that everyone likes. This is called cooperation - when you work together with others to achieve a common goal. You might compromise and play a game that everyone enjoys, even though it might not be your favorite.

But what if you really want to play your favorite game, but your friends don't like it? This is where coopetition comes in. Coopetition is a combination of cooperation and competition. It means that you can work together with others, but also compete against them at the same time.

In the park, this might look like playing a game together, but keeping track of who wins or gets the highest score. Even though you are competing against each other, you are still working together and having fun.

In the business world, coopetition is used when companies work together to achieve a common goal, but also compete against each other in the market. For example, two companies might partner up to create a new product, but then compete against each other to see who can sell more of it.

Coopetition can be a great way to work towards a common goal while still maintaining individual interests and competitiveness.