coopetition
A play on the words "competition" and "cooperation," it is the result of the joint efforts of two competing companies with overlapping products or technology. Companies like this in the industry find it beneficial to work together with the goal of increasing sales for both companies. One example are the many widgets companies develop for Facebook.
See also : agreeance
NetLingo Classification: Online Jargon
Subscribe to Word of the Day - Email this Definition to a Friend
Share this:
Edit Word