What is rivalry among existing competitors? - TimesMojo
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In competitive industries, it’s easy to forget that rivalry doesn’t mean hostility. Collaboration between competitors...sometimes called co-opetition...can create opportunities that benefit both parties. Companies like Apple and Samsung, while fierce rivals in smartphones, still collaborate on components, proving that a shared goal can outweigh competition. The lesson? Treat your competitors as partners in innovation, not enemies in battle. By embracing mutual respect, businesses can learn, grow
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In competitive industries, it’s easy to forget that rivalry doesn’t mean hostility. Collaboration between competitors...sometimes called co-opetition...can create opportunities that benefit both parties. Companies like Apple and Samsung, while fierce rivals in smartphones, still collaborate on components, proving that a shared goal can outweigh competition. The lesson? Treat your competitors as partners in innovation, not enemies in battle. By embracing mutual respect, businesses can learn, grow
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