I take it the folk who frown on team building feel the same way about wasted time at networking events?
God forbid a team building exercise that may see sales staff working alongside marketing folk from the office next door who they've never met. Team building is as much about breaking down barriers, learning a bit about your fellow employees so the cogs mesh nicely. My missus goes to work when she's sick so she doesn't let her work colleagues down, many of whom she's met socially through events put on by her employer.
Networking events - people choose to attend? Or required to attend?
Team building - people choose to attend? Or required to attend?
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