One of the biggest benefits is that unlike competition, cooperation creates a win-win situation. Both parties are working towards the same cause and trying to help each other out. Going off of that same concept, when there are multiple people or businesses working together there are more ideas and talents shared to help solve an issue. That can help with efficiency and getting things done faster. Finally, everyone can learn and build off of each other’s ideas. This is significant because a good idea can be turned into an amazing idea. Contrarily, in many cases people may have to compromise to be able to reach a solution. Compromising can leave both groups less happy, because neither of them get completely what they wanted. Another issue, like all group work, is that you may have to work with people that you don’t work well with. Therefore, conflict can arise and start arguments. The final cost of cooperation is that people have to rely and trust each other, or else the system fails. This means that there must be equal participation and if one person doesn’t do their job it affects
One of the biggest benefits is that unlike competition, cooperation creates a win-win situation. Both parties are working towards the same cause and trying to help each other out. Going off of that same concept, when there are multiple people or businesses working together there are more ideas and talents shared to help solve an issue. That can help with efficiency and getting things done faster. Finally, everyone can learn and build off of each other’s ideas. This is significant because a good idea can be turned into an amazing idea. Contrarily, in many cases people may have to compromise to be able to reach a solution. Compromising can leave both groups less happy, because neither of them get completely what they wanted. Another issue, like all group work, is that you may have to work with people that you don’t work well with. Therefore, conflict can arise and start arguments. The final cost of cooperation is that people have to rely and trust each other, or else the system fails. This means that there must be equal participation and if one person doesn’t do their job it affects