The qualitative phenomenological study guided by the modified van Kaam method of phenomenological analysis involved exploring the lived experience and perceptions of global leaders during the formation of global business teams. Data were collected from 20 global English-speaking business team leaders from U.S.-based multinational organizations in differing industries. The analysis of collected data included the use of QSR NVivo 8.0 software to identify themes emerging from nine research questions on the formation of global business teams. Collective and integrated analysis revealed six themes as key decision-making considerations when forming global business teams: (a) team member selection, (b) team member mind-set, (c) team communication, (d) sponsorship, (e) team process, and (f) culture. Themes evolved from participant experiences shared during interviews and were used to establish recommendations to aid global business leaders during the formation of global business teams. Further research is recommended using a quantitative method and the nine research questions used in the study to enhance the findings.