Harvard Business Review study reveals that “…rivalry could be an important lever for managers to pull to incentivize risk-taking. This could mean emphasizing longstanding corporate rivalries, or fostering (friendly) rivalries between employees, perhaps by creating incentive systems that provide for repeated competitions.” Although, there are several risks that should be taken into consideration, there is also a plethora of benefits that competition brings to light; from how it makes competitors...
https://safety4sea.com/cm-how-competition-drives-innovation-and-awakes-opportunities/