(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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Volkswagen is facing blistering criticism for fabricating an announcement that it’s rebranding as “Voltswagen,” when announcing its electric car strategy. That turned out to be nothing more than an ...

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 ...

A Democrat and former New York official warned the party Tuesday against groupthink, arguing it can lead to "dangerous places" as President Biden finds himself underwater in the latest Fox News ...

Ever wonder how social norms occur? Those that openly support the majority viewpoint on an issue are lauded so that behavior is reinforced. Dissenters, on the other hand, are denounced so they clam up ...