Collaborating with your direct business competitors
The idea is that when business competitors collaborate, a typical win-lose scenario transforms to a win-win game in which both parties reap superior benefits
Disruptive times are here to stay. The unprecedented pace of technological change and its spillover effects are aptly described as “tsunami impacting human existence". How do we deal with such complexity? A closer look at personal and professional decision algorithms suggests we divide our world into dichotomies—good or bad, happy or sad, us versus them, friends or foe. Compartmentalizing the complex world gives a false sense of relief that we are in control of the environment. Take, for instance, how collaboration versus competition is viewed in the world of business.