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Millionaire by Midnight

a. Summary

Millionaire by midnight is a team-building challenge to make gamblers instantly win

huge amounts of money. Gambling and gaming are through genuine casino tables where a

person places a bet and waits to win big money, thus becoming a millionaire instantly. Currently,

there are numerous ways of gambling involving various games and activities. Gambling and

gaming can be online or through casino tables. Gambling through casino tables is a team-

building event that adds a competitive element to sports (Ukhov et al., 2021). Through gambling,

one does not need to wait for days, months, or years to be a millionaire; thus, the phrase; a

millionaire by midnight. People compete to win the most money on offer after-dinner activities

in team building. The event works best after conferences, dinner, drink receptions, etc. Casino

table gaming involves various activities such as air hockey, poker, giant Scalextric, roulette, etc

(Ukhov et al., 2021). There are other forms of gambling, such as betting on sporting activities

such as football, basketball, netball, among other sporting activities. This is also an opportunity

for people to be instant millionaires.

b. Reasons Why Companies Spend Fortunes on Team Building Consultations

Team building refers to establishing a cohesive that works together to achieve a common goal.

The main purpose of team building is to develop a cohesive and strong team through connections

and bonds. Establishing these connections and bonds through team building is important to

organizations and businesses (Lacerenza et al., 2018). Team building has benefits such as

enhanced planning skills, employee collaboration, employee motivation, and increased

communication. Another important reason for team building is achieving results. Team building
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enables team members to develop important skills like conflict resolution, problem-solving,

planning, and communication through events that bring motivation and fantasy. Through these

team-building activities, team members can build long-term relationships through deeper

discussions and genuine connections (Lacerenza et al., 2018). A team that has a strong and

cohesive bond will enhance productivity and create a good work environment.

One reason for team building is to network, socialize, know team members better. One

way to improve productivity in an in-person, hybrid, or virtual workplace is through socializing

and making friends. Besides just boosting office morale, it also enables a team to adapt to a

virtual work environment, thus solving the problem of adapting to new normal. Team bonding,

therefore, has all the resources one needs to make fun. Another reason companies spend fortunes

on team building is to create teamwork and boost team performance (Lacerenza et al., 2018).

Team building activities improve workplace projects that require teamwork. It helps teams to

better understand one another. Through team-building activities, employees can understand their

colleagues' interests, weaknesses, and strengths. This understanding fosters their relationship and

creates a teamwork culture in an organization. A workplace where every employee contributes

their best sets a tone for a productive work culture. Every person has something special to

contribute to a team (Lacerenza et al., 2018). Identifying and encouraging every team member to

reach their potential enables the team to achieve its collective goal and potential.

Team building creates competition within an organization and bragging rights for the

progress or achievements made. Competition improves the productivity of employees, thus

resulting in increased company revenues. If the increased productivity is put into inclusive team-

building activity and fun, teams can effectively connect and bond with other techniques.
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Although learning to work together takes time, teams usually come together when incentives are

on the table to win. Additionally, team building creates team spirit, motivation, fun, and

celebration (Lacerenza et al., 2018). Sports teams celebrate and have fun when they win a major

championship, and these celebrations and fun motivate the players to desire to win more.

Therefore, fun, cheering, and celebrations that come with team bonding create a strong team

spirit that motivates employees to work extra hard.

Team building enhances collaboration and promotes creativity and innovation. People

think and imagine a lot when they are close to people they feel comfortable with. Successful

team building activities bring team members together and result in a more creative and

successful workplace. The success of a business depends on the everyday collaboration of

employees at the workplace. Therefore, companies spend their fortunes to create team-building

to promote creativity and innovation that in turn leads to the success of the business. Another

reason why companies spend their fortunes on team building is to enhance communication and

workplace relationships (Lacerenza et al., 2018). Every employee wants a friendly work

environment where they can happily and comfortably work with and talk to anyone. Team

building activities improve communication at the workplace. Most companies conduct team-

building activities with the specific aim of improving trust and communication.

Companies also spend fortunes on team building to enhance company culture. Company

culture refers to attitudes, goals, norms, and values found within an organization. Company

culture defines the working environment and determines the company's profile. Most job seekers

value company culture with about 46% of them who consider company culture as the first factor

to consider while looking for a job opportunity. Companies can improve their culture through
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regular team-building events that allow management to understand employees' needs and wants.

In some companies, employees have a different culture from management, thus making it

important to find a middle ground to create a positive environment (Lacerenza et al., 2018).

Team building events cut out toxicity, thus creating a positive environment where every

employee is on the same as the management.

Companies invest in team building to establish something they can look forward to. Team

building activities offer employees an alternative to look forward to instead of project deadlines.

No employee feels at ease when they look at their calendar and see an endless list of tasks.

Companies must therefore provide non-work-related activities that will excite employees during

the workdays. Team building events also offer employees a shared goal that is not related to their

work. The much-needed break brought by team-building activities is crucial for employees'

mental health. (Lacerenza et al., 2018) Additionally, team-building activities indicate employee

appreciation for their hard work. Great work efforts get occasionally swept away by a pol of

other activities. Companies, therefore, spend fortunes on team-building activities to appreciate

employees' efforts.

Another reason why companies spend their fortunes on team-building activities is to

create bridges across departments. Team member relationships within a single department are

not the only concerns companies and organizations. Through team-building activities, employees

from different departments can meet, interact, and have fun, thus establishing bonds between

them that increase company productivity (Lacerenza et al., 2018). An organization consists of a

unified collection of working teams. When the gaps and divides between departments are

resolved, positive relationships exist between employees from different departments; hence
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resulting in a more productive company. Team building also helps companies to unlock

leadership potential among employees. A leader may arise from very simple activity. Regular

team building activities improve employee's confidence at their workplace as they can interact

and make new friendships (Lacerenza et al., 2018). It can be that a very quiet employee has an

incredible talent of inspiring others who can develop to be a great leader of the company. A

company can establish a leadership development program or a mentorship program to realize its

full potential.

Lastly, companies spend their fortunes on team buildings activities to improve team

member morale and engagement. Through team-building activities, employees get something

common to discuss that is not related to work. Team building activities help employees break

down communication barriers, thus improving their engagement with others. Improved morale

and engagement results in efficient and effective work (Lacerenza et al., 2018). With efficient

and effective work, companies are likely to increase their productivity, which yields revenue.
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References

Lacerenza, C. N., Marlow, S. L., Tannenbaum, S. I., & Salas, E. (2018). Team development

interventions: Evidence-based approaches for improving teamwork. American

Psychologist, 73(4), 517. https://www.apa.org/pubs/journals/releases/amp-

amp0000295.pdf

Ukhov, I., Bjurgert, J., Auer, M., & Griffiths, M. D. (2021). Online problem gambling: a

comparison of casino players and sports bettors via predictive modeling using behavioral

tracking data. Journal of Gambling Studies, 37(3), 877-897.

https://link.springer.com/article/10.1007/s10899-020-09964-z