Team: noun
1. team, squad -- (a cooperative unit)
Teamwork: noun
1. teamwork -- (cooperative work done by a team)

Team building activities are designed and developed to build vision, values, camaraderie and teamwork into organisations.

Teamwork is empowering a group of individuals to work together to achieve a common goal whilst drawing on the different and unique skills of each person to achieve the outcome.

Teambuilding is simply the application of the principles of "teamwork" on a regular basis in different scenarios so that the team unit becomes progressively resilient, more flexible and adaptable to the ever-changing life and business landscape.