Striking a balance between co-operation and competition can be one of the manager's hardest tasks.

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The parties have reason to prefer co-operation to competition.

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As in any company, the members of the boat club are torn between competition and co-operation.

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The advantages of co-operation seem to have outweighed those of competition.

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Co-operation, by contrast, helps everybody in the competition with other groups.

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One bone of contention was competition between Citi's Smith Barney brokerage operation and Wachovia's brokerage division, which was not included.

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Pound said a comprehensive out-of-competition dope-testing program was already in operation ahead of the Games which officially start with the opening ceremony on Friday.

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The European Commission is forcing Lloyds to dispose of this operation, which is being rebranded as TSB, to promote competition, and that will still happen - by floating the separated business on the stock market.

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But in terms of the competition, there has to be more than one person involved in the operation and a list of books.

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