(MoneyWatch) Years ago, I was part of a merger between two public high-tech companies that ended in disaster. Turns out that executives of one company sugarcoated key aspects of their technology, and ...
This is the fifth the Behavioral Finance and Macroeconomics series. We will explore the effect behavior has on markets and the economy as a whole--and how advisors who understand this relationship can ...
Most of us are well aware that groupthink—the phenomenon in which decision-making is ruled by the ease of conformity—is bad for business. When our workplace falls into groupthink, we become complacent ...
"Groupthink" is a common corporate scenario in which multiple people feed off each other and ultimately come up with the same types of ideas. While collaboration and cooperation are good, your team ...
Groupthink can be a powerful destructive force. Easily misunderstood as the values that sustain the organization, groupthink is more tied to the “view of the predominant group” and is “characterized ...
Forbes contributors publish independent expert analyses and insights. I write about critical thinking in education. When I need to make a big decision at work, I often turn to team members for help.
Groupthink—the tendency of groups to make decisions that preserve the status quo rather than take dissenting opinions into account—can be toxic to teams and organizations. It can stifle innovation and ...
The concept of "groupthink," first identified by Irving Janis, refers to the phenomenon in which group members quickly align on certain decisions without critically evaluating or suppressing ...
Illustration by The Atlantic. Source: Andrew Harnik / Getty. Yet, ironically, MAHA’s core concern—that the nation’s most seasoned public-health experts have been rendered senseless over many years by ...
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