In business, as in sport, a cohesive team is often capable of outperforming a seemingly stronger but fragmented competitor.
Allocating resources into making your team as effective as possible therefore offers a great return on investment. And whilst there may be some value in external team-building activities and social events, what happens during the 8 hours a day that people spend working together is of far greater significance.
Effective teams emerge when each person has a clear understanding of their role and responsibilities, is aware of the business objectives and feels valued as a member of the team.