25-05-2012, 03:18 PM
Cooperation vs. Competition
Cooperation Vs Competition .pptx (Size: 508.26 KB / Downloads: 30)
Cooperation vs. Competition
Competition brings out the beast in us whereas cooperation brings
out the best in us.
Competition is short lived,
Cooperation is forever
Competition dies an
Unnatural death,
cooperation brings alive.
Co-operation between firms may increase efficiency: R&D
“Technology sharing cartel” may increase (dynamic) efficiency
Cooperation in R&D can yield welfare gains when spillovers are significant and cost savings from better coordination and fuller dissemination are pronounced
Cooperation may diminish competition in either the conduct of R&D or in exploitation of the results of R&D
When cooperating firms face strong competition from other firms they are less likely to use cooperation as a means of reducing R&D competition
Developing technology in a collusive way but competing in the market of final products is/may be an effective structure without any welfare loss
Cooperation
Cooperation, or co-operation is the practice of individuals or larger societal entities working in common with mutually agreed-upon goals and possibly methods, instead of working separately in competition, and in which the success of one is dependent and contingent upon the success of another.
Competition
Competition is a contest between individuals, groups, animals, etc. for territory, a niche, or a location of resources. It arises whenever two and only two strive for a goal which cannot be shared.
Business is often associated with competition as most companies are in competition with at least one other firm over the same group of customers.
Conclusion
“If you want to be incrementally better: Be competitive. If you wan't to be exponentially better: Be cooperative.”
“Noncooperative approaches . . . almost always involve duplication of effort, since someone working independently must spend time and skills on problems that already have been encountered and overcome by someone else. A technical hitch, for example, is more likely to be solved quickly and imaginatively if scientists (including scientists from different countries) pool their talents rather than compete against one another.”