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Co-Opetition Tips in the Banking Industry

June 27, 2020 by admin in Tips

Coopetition is the act of cooperation between competing companies; businesses that engage in both competition and cooperation are said to be in coopetition. Certain businesses gain an advantage by using a judicious mixture of cooperation with suppliers, customers, and firms producing complementary or related products.

Banking industries have to get united to pass the benefits to consumers.

What are benefits of copetition ?

  • Mutual survival of banking industry..
  • Consumer gets better services when there is a healthy competition that who an serve the customer better.
  • Banking industry starts taking feedback on each customer’s delight.
  • It is a grand culture to allow others .

How can it be implemented ?uisque imperdiet elementum tortor vel pretium

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John Doe, Capital Inc.

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