Is Competition Dead
No company can go it alone under a constant onslaught of international competitors changing technology and new regulations. Organizations around the world are embedded in complex networks of confusing relationships collaborating in some markets. Competing fiercely in other. The number of corporate alliances has been increasing at a rate of 25 percent annually and many of those have been between competitors .Think of the auto industry. Ford and GM compete fiercely but the two joined together to develop a six-speed transmission. Hyundai Chrysler and Mitsubishi jointly run the Global Engine Manufacturing Alliance to build four-cylinder engines .Volvo is now owned by Zhejiang Geely Holding Group of china but it maintains an alliance with previous owner ford Motor company to supply engines and certain other components.