Should a company do business with its competitors?

[Tobi]

Most companies have multiple lines of business. Consequently, another company that is a competitor in one area is quite possible NOT a competitor in another. In your non-competing areas, it may make good sense to do some business together. Your choice is this: Since the pseudo-competitor will be doing business with someone, and that someone will be making some profit, do you want to make that profit or just allow someone else to pocket the money?

 

[Springtime]

I see no reason why a company cannot do business with its competitors. There may be competition in one area, but cooperation or collaboration in another.

 

[Augusta]

Why not.you should be business friends with your competitors · Your competitors are your best teachers. · You learn from them too.

 

[Fire&Rain]

A company that feels like a rival in one corner of the market might be a helpful partner in a different corner. There is no rule saying you cannot work together where your goals match. If another firm will profit from that gap, you have every reason to take the chance yourself. Smart business often means knowing when to compete and when to collaborate.

 

[Augusta]

Competition is healthy for businesses – it will force you to innovate, staying ahead of the curve. Though that rivalry can also be intimidating but it can also bring business deals.

 

[eLdavis]

There is nothing wrong with a company doing business with it's investors. The most important thing is that they would be benefiting from it.