TY - JOUR AU - Teece, David J. AB - BU-IllI'SS & Public P()IK~ Competition and Cooperation: Striking the Right Balance Thomas M. Jorde David J. Teece wo somewhat independent shifts are causing academics, businessmen, and policy makers to rethink fundamental T ideas about competition and cooperation. The first is the increased level ofinternational competition, particularly from Japan and other developmental states which have relentlessly been challenging American and European corporations in the global market­ place. These competitive pressures are leading, at least in some circles, to a re-evaluation of American institutions, policies, and ideology. The second and more subtle shift is occurring within business, government, and academia, and it concerns the role of interfirm agreements---one aspect of the corpora­ tion's new relationships. Whereas cooperation among firms was once a subject confined to antitrust case books, it is increasingly a topic for discussion in schools of management. Indeed, ways in which firms can cooperate to compete are receiving considerable attention, especially in courses on the man­ agement of technology and in corporate strategy. Yet firms wanting to experi­ ment with new ways of organizing businesses contractually rather than by merger run the risk of getting snagged on out-of-date antitrust ideology. In this article, the need for cooperative agreement in TI - Competition and Cooperation: Striking the Right Balance JF - California Management Review DO - 10.2307/41166568 DA - 1989-04-01 UR - https://www.deepdyve.com/lp/sage/competition-and-cooperation-striking-the-right-balance-CfeYeQMlpb SP - 25 EP - 37 VL - 31 IS - 3 DP - DeepDyve ER -