 Goal of the article is to identify main aspects of cooperation management using detailed analysis of available scientific literature together with outcomes of performed empirical research. With the identified main aspects, we were able to identify problematic areas related to the use of cooperation management and to propose a number of recommendations in order to correct these issues. The article thus brings to managers a handy tool in a form of a set of recommendations, instructions that are meant to support problem-free use of cooperation management within a company. This article was authored by Joseph Vodak, Jakub Sovier, and William Lendl.