Although some companies in our industry might view us as competitors, we know that when we collaborate and share our expertise as partners, we can help each other solve some of the industry’s biggest challenges. Your employees should compete not just with others in your organization or your organization’s competitors, they should compete against their previous efforts. The activities range from darts, ping-pong and air hockey to golf and basketball. When an individual breaks a record or achieves something new, it’s viewed as an important step towards broader success and … Sometimes that self reflection comes in the form of listing esoteric quotes about the competition on our blog and waxing poetic on … It helps people to improve, it leads to better products and results, and it promotes growth. All startups could use a little more of that initiative within their teams. Decades ago, in the production era, companies just used to produce material and concentrated very less on selling them or differentiating them. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else. In the end, we all agreed that this team had more fun than any other! We have found that most employees want to be recognized, contributing members of a winning team. We work with a small service firm. In business, healthy competition is good for a variety of reasons. Even after word spread that we already had a winner, the remaining teams continued to work together to complete the activity. A healthy team competition is a great way to motivate staff to join forces in order to outperform the other team. Competing with each other inspire people to put in more effort, work harder, and become more productive. For example, in a brain teaser competition held at our annual meeting, only one team could win. We have a client who created a series of games to boost healthy competition among his employees. Try to balance the teams as much as possible by choosing team members with different strengths. Telling an employee when he or she does well or else misses the mark will increase performance. The greatest gift you can give to your employees is your honest opinion of their work. Healthy competition is based on incentives, such as bonuses. Other years were a bit different and that’s where the unhealthy competition comes in. We worked with a director of a non-profit who tended to practice conflict-avoidance. Competition, then, is likely important to the success of your organization. To promote healthy competition at your company, follow the five strategies above. Unauthorized reproduction or distribution of this material is prohibited. shutterstock. By the time we got involved, the situation with one of the employees was too damaged to save. When teams are released from the pressure of winning or losing, they start to feel free to reach for (and focus on) personal performance heights. Entrepreneurs need to remind their employees how enjoyable the challenges of healthy competition are, and teach them to embrace the opportunities it affords them to reach their full potential. We are now just emerging from a generation of parenting that gave competition a bad rap and ignored the psychological benefits that can be gained from learning how to win and lose. Makes the business realize its actual strengths and weaknesses. In the episode, Rodney decides to leave Trotters Independent Traders and go into business with Mickey Pearce. Collaboration and competition are not mutually exclusive. A healthy competition while building relationships. Our version of “color war” has helped us embrace and appreciate healthy competition. 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