Co-opetition: a Business Strategy for Smes in Times of Economic Crisis

Dorothea Kossyva, Katerina Sarri and Nikolaos Georgopoulos
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Dorothea Kossyva: Department of Business Administration, University of Piraeus, Greece
Katerina Sarri: Department of Balkan, Slavic and Oriental Studies, University of Macedonia, Greece
Nikolaos Georgopoulos: Department of Business Administration, University of Piraeus, Greece

South-Eastern Europe Journal of Economics, 2014, vol. 12, issue 1, 89-106

Abstract: Cooperation between competing organizations (co-opetition) to achieve common objectives has become a prerequisite for global competitiveness and innovativeness. Co-opetition is a business strategy which emphasizes both cooperative and competitive relations between two or more organizations. It implies that firms, especially Small and Medium-sized Enterprises (SMEs), perform better when they are involved in competitive and cooperative relationships at the same time and combine their complementary strengths to create synergies. The present study discusses the various definitions and types of co-opetition strategy and a ddresses the implications of economic crisis on SMEs. Finally, the paper suggests that co-opetition could be an appropriate business strategy for SMEs in difficult economic conditions provided that they develop a co-opetitive portfolio with different kinds of partners by seeking to obtain the advantages of each partnership and become more competitive.

Keywords: co-opetition; SMEs; economic crisis; strategic management (search for similar items in EconPapers)
JEL-codes: M10 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:seb:journl:v:12:y:2014:i:1:p:89-106

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