discuss the advantages and disadvantages of competition.
ADVANTAGES:
1) Motivates people to perform better.
2)Enhances productivity.
DISADVANTAGES:
1)Leads to too much stress.
2) Team spirit get affected.
please help me to solve this question .
Answers
Explanation:
Not everyone thrives on competitive scenarios. As a business owner, you need to find the fine line between motivating employees and discouraging them through workplace competition. Some areas of the business, such as sales, come with innate competitive qualities. A competitive workplace could involve incentives such as awards and bonuses or it could revolve around standing out to be the next in line for a promotion. Either way, good business leaders keep a pulse on the competitive dynamics in the office to exploit the advantages and to mitigate the negative effects.
Advantage: Incentivize the Team
One would think that people are motivated by money, and that a good paycheck is incentive enough to do a good job. Although salary is a strong component in finding and keeping good talent, human resources managers have learned that people are often motivated to move into the next gear with other incentives.
An example of an incentive is a sales contest to have the greatest number of sales in a month or quarter for a specific product. The incentive could be an Employee of the Month plaque with the employee's name and picture up for the stated month. It could also be a team incentive such as an out-of-office party or event. Find out what drives employees to go the extra mile, and then to develop incentives that are fun and revolve around employees' desires.
Disadvantage: Anxiety
Work can be stressful. For an employee who doesn't stand out from the pack, a competitive workplace can increase the anxiety felt in the workplace. Sales departments are often filled with very competitive individuals, who are more than happy to try to knock the top guy off the leader board. However, the accounts receivable department may not attract as many natural competitors. To avoid increasing anxiety, business leaders should remind everyone in the department that teamwork is the primary goal for the entire department.
Advantage: Quality Work
Competitive environments fuel creativity and productivity, generating a higher quality of work. When someone wants to win, he is more likely to look at a variety of solutions to any problem. He pushes boundaries and experiments with solutions. This usually yields better systems and processes and creates an efficient work ethic, in which the employee doesn't want to waste his time on things that don't help his end goal: winning. Business leaders need to give employees enough freedom to use instincts and to problem solve to most effectively take advantage of this competitive workplace benefit.
Disadvantage: Poor Team Morale
With teams that are already struggling with good teamwork and communication, a competitive workplace could further diminish team morale. This is also true if one person is a stand-out employee, and every incentive and award goes to him. Managers can't use competition alone to fuel more productivity, because teams that have poor bonds will resort to backstabbing and undermining behaviors to prevent others from getting the advantage. When a team loses morale, their team productivity also goes down. Competitive environments must be fostered with communications and team-building workshops.
References (2)
Forbes: Competition At Work: Positive Or Positively Awful?
Harvard Business Review: The Pros and Cons of Competition Among Employees
About the Author
With more than 15 years of small business ownership including owning a State Farm agency in Southern California, Kimberlee understands the needs of business owners first hand. When not writing, Kimberlee enjoys chasing waterfalls with her son in Hawaii.
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Answer:
ADVANTAGES:
1) Motivates people to perform better.
2) Enhances productivity.
DISADVANTAGES:
1) Leads to too much stress.
2) Team spirit get affected.
Explanation:
ADVANTAGES:
- Winning a contest activates the reward centers in your brain and produces a rush of dopamine (the feel-good hormone) in the hypothalamus, the pleasure center of the brain. Once you experience this rush, you're motivated to experience it again and again, leading you to require to be part of a competition.
- Within firms, competition acts as a disciplining device, placing pressure on the managers of firms to become more efficient. Also, competition ensures that more productive firms increase their market share at the expense of the less productive.
DISADVANTAGES:
- If the player perceives the stress as exceeding his or her capabilities, the result's increased competitive stress. This increase in stress can cause apprehension, loss of confidence, tension and inability to concentrate.
- Many folks may think that collaboration and competition cannot exits together, but the very fact is, collaboration and competition nurture one another . Competition encourages people to offer their best and collaboration encourages the team to put everyone's talent to the best use.
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