Meaning of the word "stay competitive" in English

What does "stay competitive" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

stay competitive

US /steɪ kəmˈpɛtɪtɪv/
UK /steɪ kəmˈpɛtɪtɪv/
"stay competitive" picture

Phrase

to maintain a strong position relative to rivals, especially in business or sports

Example:
To stay competitive, companies must constantly innovate.
The team needs to improve their defense to stay competitive in the league.