Is Internal Competition Good?Learn Management Articles on management-info.biz. Is Internal Competition Good? article will help answer your questions on Management Articles.We at management-info.biz specialize in Management Articles. Management Articles at management-info.biz provides the most up to date news and articles. If you have questions please do not hesitate to contact us.
When competition is good - * Raises the level of play across an entire team * Can build teamwork when team members help each other be successful * Can be effective when rewards are given out fairly When competition isn't so good - * Can be divisive when a manager uses competition as a means of humiliating other team members * Can be unhealthy when rewards for outstanding performance are too scarce - there are too few rewards for too many people * Can be counter-productive when team members view competition as win-lose Best practices for both encouraging and discouraging competition - * Create a 'Help others be successful' reward, where team members are rewarded based on innovative ways they have helped a teamate be more successful on a project or task. * Post team results on a visibility board or website for the entire team to see. Just make sure there is a level playing field and that each team member has an equal opportunity to compete. * Do not reward competition by taking something away from someone else. Make the reward additive, not subtractive. * Do not reward (better yet admonish) win-lose competition where someone wins at another's expense. * Provide opportunity for the entire team to share in a reward if everyone meets a specific goal
* Never compare one employee or team to another, it's similar to a parent saying 'Why can't you be like your brother Jeffy?' |
More Articles:1. Strategic Organizational Learning By Michael Beitler The cost of training in North American companies exceeds $60 billion per year. Try to visualize that. Picture a stack of 1,000,000 $1 bills. Now try to picture 60,000 of those stacks. Amazed? Then consider this fact: estimates of training costs worldwide approach a quarter of a trillion dollars ($250,000,000,000) when indirect costs and opportunity costs are included. Do you find those numbers as difficult to comprehend as I do?Understandably, senior executives are concerned about the ROI (ret… 2. Organizational Capital in Politics, War, Sports and Business By Lance Winslow Intangible Corporate Assets such as Organizational Capital, Blue Sky and Brand Name Capital, actually they all have a common thread in my opinion. Here are some thoughts on these issues. And first I would like to comment on a couple of UCLA, Anderson School of Business items which are of interest. And I must say these research pieces are somewhat cutting edge, in business management theory.This is particularly interesting to me as one of my family tree offshoots was Friedrich Winslow Taylor, w… 3. Business Management - Be Aware Of Fear And-Greed By Hans Bool This is probably such a day as many others. Business as usual. Nothing wrong, no alerts, you loose some, you win some. You go with the flow and let your profits grow.... Do not think that this jargon is for investment managers only; business management and investment management is not that different.When you are in the business arena you know that you have to follow the market. You watch the competition, you check the trends and you respond to other incidents that you are involved in. Until th… 4. Einstein, The Universe, And Leadership By Brent Filson Every since serving a hitch in the military, I have been nagged by the question that's been hanging around leadership since time immemorial: How can some leaders persuade people to believe in them and follow them and other leaders can't? But it wasn't the military that provided me with a framework to answer that question. It was Albert Einstein and his quest for the unified field theory of the universe.Einstein is well known for his special and general theories of relativity, two of the cro… |
||||
