Stopping healthy competition turning into rivalry

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Competition is a natural part of doing business. The urge to succeed is hard-wired into entrepreneurs and will always bring them head-to-head with other businesses in their market. What happens next could be positive or it could escalate into bitter
rivalry, which damages profitability, heightens risk and threatens reputations.

 

In this article, the author looks at the drivers behind competitive behaviour, the impact on staff and both its upsides and downsides.

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