How do strategic partnerships between competitors, known as coopetition, benefit or hinder long-term business success?

ANSWER: Coopetition can lead to innovation and shared growth by pooling resources, skills, and markets, benefiting consumers and businesses alike. However, it may hinder long-term success by risking intellectual property, diluting competitive advantage, or creating dependency among rivals, which could affect strategic agility and the ability to compete independently. Each partnership must be managed carefully to maintain a balance between collaboration and competition.