My top strategy for preventing cutthroat competition at work is to prioritize it above all else.

In some sectors, the work environment can be highly competitive. Imagine Wall Street brokers desperately striving to meet sales targets or salespeople fiercely battling for commissions.

To excel in high-pressure, competitive jobs, a leader must possess the ability to unite their team.

To strengthen relationships with her employees, real estate mogul Barbara Corcoran believes in being the fun boss.

"I prioritize fun over anything," she stated in a recent TikTok video. "In sales, you enjoy working with certain individuals, but you don't truly love them because they're competing for your target market. This results in friend-enemies. I believe that when you have fun with your colleagues, it helps to level the playing field."

To have a joyful team, it's crucial to schedule enjoyable activities, as she stated in her TikTok caption.

A study by Taiwan's National Central University found that promoting enjoyment and amusement in the workplace leads to positive impacts on creativity, relationships, productivity, and psychological wellness among employees. The study surveyed 508 workers.

Expert Tom Gimbel advises bosses to inject humor into the workplace by telling jokes or using icebreakers to foster stronger relationships among employees.

""Being funny in a business setting is a bigger challenge now than ever before, but if done correctly, it can unite a culture," he said."

According to Bob Nelson, who is an author and an employee engagement expert, there should be a balance between fun and productivity for bosses to get the most out of their employees.

Prioritizing fun over essential business needs, such as hiring the right talent, customer service, sales, and effective planning, could negatively impact a company's success by causing employees to become distracted and have poor performance, ultimately leading to the company's downfall.

If your boss doesn't prioritize fun in the office, you can do it yourself. After interviewing hundreds of employees, Nelson found that people have different ways of bringing enjoyment to their jobs, such as swapping to-do lists for fun lists or jamming to their favorite songs at work. You could also plan an employee outing or workplace event, like a potluck or scavenger hunt, to boost morale and build relationships.

Corcoran stated on TikTok that bosses who promote such activities in their organizations will undoubtedly experience a happier and more collaborative workforce, resulting in benefits.

"When people laugh together, they generate fresh concepts," she stated. "When people laugh together, they relax."

Barbara Corcoran is a panelist on "Shark Tank," which CNBC owns the exclusive off-network cable rights to.

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