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level: Level 1 of Chapter 7

Questions and Answers List

level questions: Level 1 of Chapter 7

QuestionAnswer
What does cooperation mean?Cooperation is the interaction between agencies and organizations that does not require sharing of any resources; primarily done through communication and information
What does Competition mean?The effort of two or more parties acting independently to secure the business of a third party by offering the most favourable terms
To not cooperate?• In case of a cooperation offer, we must think – Which other parties exist that will cooperate if we don’t – What alternative agreements (Kan vi utöva) and what alternative agreements we might want to take instead • How can we ensure that we don’t lose our market share to our competitors, but not losing our competitive edge through cooperation either
To cooperating?• Cooperation can lead to improvements – Profitability (or cost reduction) – Environmental aspects – Flexibility • Win/win: less complicated decision making • Still, win is often not enough to secure cooperation (especially among competitors) – How are common costs (or gains) allocated among the cooperating parties? (Hur fördelas kostanderna och vinsterna)
What is Coopetition (Samarbete och konkurrens möts)?– COOPeration + comPETITION → coopetition • Coopetition is “cooperating with a competitor to achieve a common goal or make a progress” Detta kan ske när företag väljer att samarbete med varandra t.ex. använda facebook login i en app.