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Does competitor not mean an enemy?

Explain the sentence: "A competitor does not mean an enemy." Show fields of potential collaboration among competing companies. Provide examples of such collaboration.

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1. Explain the sentence: "A competitor?does not mean "an enemy? Show fields of potential collaboration among competing companies. Provide examples of such collaboration

The sentence: "A competitor?does not mean "an enemy?means what it says. In the capitalist sense, competition is what drives the market. Also, a competitor can be of benefit to you, add value to your company; so it is therefore not the enemy. However, a competitor must still be taken seriously because it is competing with you.

A competitor sometimes has value to you. Collaboration creates value internally, with business partners, and sometimes with competitors. Many wonder: how do we know whether collaborating with competitors makes sense? One way to evaluate this is to determine whether collaboration saves money for everybody involved without risking marketplace position or advantage. ...

Solution Summary

This solution explains the sentence: A competitor does not mean an enemy. It also show fields of potential collaboration among competing companies though providing examples of such collaboration.

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