Teambuilding has become an increasingly important factor in business today, with the vast majority of employers seeing team harmony in being essential. Because of this, Team Spirit strive to offer team building events that are not only fun and energetic – but also have clear business relevance and learning built in.
"Team building" (or "'teambuilding'") refers to the process of establishing and developing a greater sense of collaboration and trust between team members. Interactive exercises, team assessments, and group discussions enable groups to cultivate this greater sense of teamwork.
Source: Wikipedia
The term 'team building' can refer generally to the selection and motivation of teams, or more specifically to group self-assessment in the theory and practice of organizational development.