Are you aware :: how competition impacts us (both positively + negatively)?
Let’s start with the downer side; high levels of competition can lead to…
Erosion of Collaboration
Think ::
❌narrowed focus
❌lower levels of trust
❌lack of team cohesiveness
reducing job satisfaction!
Significant Stress + Anxiety
Nerd tip :: research proves environments with intense competition can lead to higher cortisol levels - which is associated with our stress levels (+belly fat)
…& can impair cognitive functions over time.
With these types of environments, higher incidences of the following can occur ::
❌stress-related illnesses
❌absenteeism
❌workplace injuries
Burnout
Pro tip :: in 2019, the World Health Organization (WHO) added burnout as a diagnosable medical condition;
We lose thousands of dollars every second because of burnout
- costing our economy $190 (b)illion/year!
That’s just to name a few, yes there’s more… but, let’s pivot to the positive side of competition!!
Learning + Development
Encourages ::
continuous skill enhancement
- staying above competition, leading to personal + professional growth
Clarity on Goals
Competition can establish ::
clear benchmarks for success
- providing individuals and teams with tangible goals to strive for
Adaptability + Agility
Forces organizations + individuals to be ::
nimble during changing circumstances
- leading to quicker decision-making and ability to stay ahead of the curve
enhancing long-term success
〰️there’s a fine line between good and poor competition measures〰️
When balanced + healthy, a collective powerful force for positivity bubbles up - leading to an energetic work environment!
Let’s assess the situation + intentionally choose to enhance culture by creating collaborative + inclusive approaches to competition!