(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 ...

William H. Whyte, author of the classic sociological commentary "The Organization Man," coined the term groupthink in a 1952 article that appeared in Fortune magazine in reference to the culture of ...

The best leaders know successful solutions reflect real discourse and diverse perspectives. They actively work to prevent groupthink by cultivating the following practices. Opinions expressed by ...

I once worked at a politically correct company. Seriously, the whole company was that way. Everyone was treated equally, people rarely cursed in meetings, everyone sat in cubicles so nobody raised ...

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 ...

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 ...

First used by social psychologist Irving Janis in 1972, “groupthink” is a psychological term that refers to how people try to achieve consensus within a group. The default is that in many group ...

Groupthink is a major pitfall in business. It can easily displace independent thinking and good decision making. I remember being in a strategy meeting with an executive team. We were doing scenario ...