According to the famous steel magnate Charles M. Schwab “the way things get done is to stimulate competition” for the steel company of Schwab it’s a way of encouraging a rivalry but in this case a “friendly one” between the day and night shifts. You might not be a titian when it comes to the area of steel but you can employ such tactics in the management of your company by helping your workers have a comprehension of how they stand when compared to their colleagues, encouraging the best performance from each individual and motivating each one to have a stake in expanding the goals of the business. Below are five ways to help you build a healthy competition at the office and at the end strike a reasonable balance.
• Generate a tradition of ownership: Every individual should have the feeling of an owner and walk the staircase like the business or company belongs to him with gusto. Whether your employee are stakeholder or owners, encourage them to blend their personal brand to the company.
• Create friendly competition: Most people take competition too serious that it becomes a thing of war. This shouldn’t be and the competition must not be directly related to the objectives of the business. Beyond setting formalized goals, incorporate fun challenges into your company’s culture. No matter what industry you are, build friendly competition into your work culture.
• Be specific about your goals: Ensure everyone is appropriately challenged and acknowledge the set goals. Your company should at least hold monthly meeting where people who exceeded their set targets are duly praised and rewarded for their accomplishment. The more you recognize their effort, the more they want to do more and make others to put more effort.
• Seek for those who are hungry: when interviewing clients you should seek for people who are hungry for the job. Find people who have a right balance and have a good goal oriented plans. This can help in creating a healthy competition among co-workers.
• Remember it’s a game: let your workers know that competition should be like a football game. It’s not a do or die affair. That this game test your skills and enhance communication. Nobody dies when they make a mistake. Take risks, swing the bat and you will be surprised by what will happen.
Competition can be seen in a positive way. It can spark us to do what we should do. It helps us to improve on ourselves and outdo what we thought we can’t do. So don’t be afraid of competition at the work place, use them as a stepping blocks to greater heights.