Co-opetition happens when two or more competitors co-operate to achieve an outcome which they could not do as easily on their own. Co-opetition is based on the notion that the collective knowledge of the group far outweighs that of an individual when it comes to finding the right solution.

In an era where innovation and improved productivity are paramount to the long term survival of a business, utilising a co-opetitive approach makes perfect sense as this approach exponentially increases opportunities and new ideas.
A good example of co-opetition is when Toyota and Peugeot joined forces to create a new ‘city’ car which they each sold as different models. This allowed them to get to market more quickly than any of their other competitors while saving money on their research and development costs.
Today’s technology enables co-opetition to happen as easily as if everyone was working for the same company. It also allows you to work with competitors from anywhere in the world. Google has made this even easier by providing four essential tools to allow you to easily start co-opeting with your competitors today – and they are all free:
Google Hangout as your virtual meeting room
Google Hangout is an online meeting place where you can meet with your competitors just like you would in a face to face environment. Google Hangout has video conferencing, screen sharing, instant messaging and so much more, including being able to record your meetings.
Google Hangout works in your web browser so no special software is required, however, reasonable internet bandwidth (4G or better) is recommended, especially if you want to use the video conferencing or screen sharing facilities.
Google Docs/Spreadsheets as your virtual whiteboard
Google Docs and Spreadsheets are very similar to Microsoft’s Word and Excel, however, Google Docs and Spreadsheets work in your web browser. Google Docs and Spreadsheets allow multiple people to work on a document at the same time. This means you can use these tools during a Google Hangout for group brainstorming or idea formulation.
Google Docs and Spreadsheets tracks all changes made, so you have a history of your collaborative work. As Google Docs and Spreadsheets are ‘cloud-based’, everyone has the original copy of the document or spreadsheet.

Google Drive as your virtual share drive
Google Drive is an online file storage space which you can access at any time and from any device which is connected to the internet. This means that Google Drive can act as your virtual share drive as you can share documents with people outside of your organisation. And, this is done in such a way that your competitors cannot see any of your other files. You can also control the level and length of a person’s access.
Google Calendar as your virtual diary
Google Calendar is an online diary which you can use to manage your meeting times and key deadlines with your competitor through shared calendars and using calendar invites. Each Google Calendar invite contains an automated link to your Google Hangout room which is unique to the meeting you are planning.
Google Calendar also allows you to access your Google Drive, Docs and Spreadsheets and Hangout all from the one online location.
As you can see, Google provides the virtual tools to enable co-opetition to happen today, but deciding upon with whom and how you should utilise co-opetition is determined by:
- what do you need to do that you can’t achieve yourself?
- who has the skills / resources that could help you achieve what you need to do?
- what type of people do you like to work with?
- what’s in it for your competitor to work with you?
Please share how you are utilising co-opetition to exponentially increase your opportunities and ideas. Or let us know if you have any questions.
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Contact us (email or 0400 732 270) now to find out more about how you can successfully use these four essential Google tools to support a co-opetitive approach in your business to exponentially increase your opportunities and ideas.
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