THE INFLUENCES OF COMPETITIVE VS. COLLABORATIVE APPROACH ON THE PERFORMANCE OF EMPLOYEES AND COMPANIES.

Competition is an important component of all economies at some level whether it involves companies, job-seekers, or markets. Furthermore, some of the most successful companies are known for their hypercompetitive cultures that put the company's results first. However, nowadays more and more organizations are starting to embrace a distinctly collaborative approach to achieve success or goals and build successful teams. This scientific article was written to answer the following question: which approach, cooperative or competitive, has the best results in increasing the team performance? Our results lead to the fact that the collaborative approach has a higher impact on increasing the performance of companies by implementing programs that encourage teamwork and helping other colleagues grow. According to our research, the contests encourage competitiveness between employees. On the other hand, the programs increase teamwork and rewards employees based on how they have helped the team. In future work, this study could analyze the best working approach that might suit employees and companies over the years in different fields and countries, by reaching out to them. [ABSTRACT FROM AUTHOR]