Competition rewards creative thinking and innovation. Competition can stimulate greater involvement or engagement. Competition builds self-esteem and gives one a sense of confidence. Competition leads to greater rapport and comraderie. Competition provides an opportunity for one to succeed.
Competition promotes hierarchical distinctions.
Competition breeds insecurity. Competition undermines one's confidence and self-esteem. Competition makes one afraid to take risks and try new ideas that might not work. Competition undermines trust and mutual relationship. Competition encourages those with power to use that power to maintain their position or advantage at others' expense.