Online business cooperation involves businesses working together with the aim of achieving compatible objectives and tasks. The collaboration could possibly be internal, between departments in the same firm, or external, with consumers, suppliers and in many cases competitor businesses. The companies might also work in a network, where they variety closer provides over time to help each other with specific aims or duties. In some cases, rivals collaborate on a particular project, named co-opetition, to cut back research costs and reduce technokingindia.com hazards in a competitive market. Such type of collaboration may need the participants to overcome a competing mentality and view the relationships mainly because more than mere business financial transactions.