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 ...

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 ...

(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 ...

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 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 ...

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 ...

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 ...

Too many companies are stuck trying to replicate old-school brainstorming models in a remote world. The truth is, while traditional "groupthink" brainstorming was flawed in the boardroom, it kills ...

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 ...

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 ...

When you’re the new boss, it feels great to have employees agree with your decisions. But agreement isn’t always a good thing, as one of my clients found out. “John” was new in his director-level role ...