Executives who perceive team building as a cost-centre are missing the mark. When team building is perceived as a "nice to do" discretionary item on the income statement it can be challenging to discern the difference between team building and team activities that are strictly recreational. With the right approach, not only can team building pay for itself. The tools, strategies, and programmes designed through team building can generate measurable bottom line results.
I have addressed the topics of frivolous team building and extreme team building a number of time in this blog and on other blogs. I thought it was important to devote some more quality time to the issue.
Before proceeding with an executive retreat or team building initiative, it is important for your executive team to assess the costs and benefits of such an initiative. The following steps will help you undertake such an analysis. This blog entry also has a free team building calculator and selection tool that you can download.