Sailing requires spirit and a team effort. That's why companies ranging from Cigna to Dr Pepper/7Up have turned to The Corporate Sail-Race Challenge. After a classroom presentation on the basics, teams take to the water, working closely with sailing instructors. Then comes the race, where the teams do all the work. Participants rotate positions, so everyone gets to take charge. “The analogies between sailing and business are many,” says Steve Colgate, founder of the Fort Myers, Fla.-based ...

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