Many companies host team-building workshops and outings to help increase morale and build cooperation among co-workers. You can turn your next team-building exercise into a philanthropic one by adding a charitable component to the event.

Companies in the UK are partnering together to sponsor such an event. Corporate teams are invited to test their business knowledge and entrepreneurial skills in a contest to raise the most money for charity over a six-week period. Read more here…

Teams from various businesses compete against teams from other businesses. Only one team per company should be allowed so there is not competition among co-workers. After all, part of the objective is to build teamwork within your company.

Start each corporate team with a small amount of seed money, say $100, and see what kind of profits they can turn in a short period of time. The contest will require creativity, resourcefulness, and a lot of energy to win, but the bragging rights will be well worth it.