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Daly and Newton via Getty Images
For some time now, I have been on my soapbox about organizations substituting team recreation for team building and overspending in this area. I have long predicted that this would lead to severe restrictions in spending for team building and corporate events.
Is business team building a waste of time? It's a question executives consider whenever there is a downturn in the economy or a decline in a company's revenue. The short answer to this question is "it depends."