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BNET Business Dictionary
- Groupthink
- a phenomenon that occurs during decision making or problem solving when a team's desire to reach an agreement overrides its ability to appraise the problem properly. It is similar to...
- Groupthink definition on BNET »
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- Is Social Networking Bad for You?
- Using part of your other 8 hours on social networking websites such as Facebook, LinkedIn, and Twitter can build your human capital, but social networking has a dark side that can stifle creativity and foster narrow-mindedness if you're not careful. Once upon a time if you had different...
- Blog posts 2009-04-06
Additional Resources
- Understanding WorldCom's Accounting Fraud: Did Groupthink Play a Role?
- WorldCom, Inc. perpetrated the largest accounting fraud in U.S. history. WorldCom, now called MCI, emerged from bankruptcy protection on April 20, 2004 after being fined $750 million. In total, WorldCom reported accounting irregularities of $11 billion. While employees and investors look for individual culpability, much of WorldCom's organizational structure and...
- White papers
- Understanding WorldCom's accounting fraud: did groupthink play a role?
- WorldCom, Inc. perpetrated the largest accounting fraud in U.S. history. WorldCom, now called MCI, emerged from bankruptcy protection on April 20, 2004 after being fined $750 million. In total, WorldCom reported accounting irregularities of $11 billion. While employees and investors look for individual culpability, much of WorldCom's organizational structure and...
- Research articles 2005-03-22
- Know When It's Time to Bail
- Know When It's Time to BailPlease correct the spelling errors...This is a great article and one whose ideas I share but you must be careful about your spelling.Regards,Christopher R. SorgeRE: Know When It's Time to BailForced comparison - DEC case it's about money and careers - fuck that; while with...
- Discussion threads 2008-04-10
- Did MBAs Contribute to the Credit Crisis?
- Did MBAs Contribute to the Credit Crisis?RE: Did MBAs Contribute to the Credit Crisis?As one who completed an MBA, they fail to teach critical thought. They all use the same text books etc and when you question their assumptions, you are criticised. Group think is alive and well...
- Discussion threads 2008-10-30
- Shopping for College Bargains
- With the recession showing less movement than a clogged drain, cheap is chic in higher ed. A new study that surveyed nearly 23,000 high school seniors gives a hint at the rampant price shopping that's been happening during the current admission season. Seventy two percent of the students...
- Blog posts 2009-04-28
- Sharpening The Decision Making Process In Groups - Fighting Groupthink
- Whenever two or more people meet to make a decision, a number of complex group dynamics come into play. Sometimes those group dynamics operate to create a situation where the best possible decision is not made. This can occur for several reasons. One of the common group effects is the...
- White papers 2000-01-01
- Team Building by Torture? Not So Effective
- By now you’ve heard about the overzealous manager who used waterboarding as a motivational tool for an underperforming sales force. (Boss to team: "You saw how hard Chad fought for air right there. I want you to go back inside and fight that hard to make sales.") ...
- Blog posts 2008-04-26
- Closed architectures, closed systems and closed minds: after OSI, how can anyone still believe in network technology innovation through system standards groupthink efforts?
- A sea change is coming in the network standards world, which has bifurcated into the two types shown in Figure 1. One type standardizes components, as exemplified by the World Wide Web Consortium (W3C), the Institute of Electrical and Electronics E A sea change...
- Research articles 2004-10-01
- Did MBAs Contribute to the Credit Crisis?
- As the financial crisis finger-pointing continues, eyes are turning to the business schools. What part did they play in the meltdown? And is now the time to re-think their own assumptions? As Simon Caulkin observes, it's not just the economics-dominated MBA that's now seen as unsustainable. ...
- Blog posts 2008-10-27
- 6 Tips to Improve Group Dynamics in a Meeting
- I'm not telling you anything new when I say that many meetings are simply a waste of time. But do you know exactly why? Stephen Smith at Productivity in Context points out that it's the group dynamics of meetings, not the meetings themselves, that can create problems....
- Blog posts 2008-11-07
- Picking Up on Sandy Pentland's "Honest Signals"
- Title: Honest Signals: How They Shape Our World Author: Alex "Sandy" Pentland Pages: 184 Asking: $22 Type: Science explainer Who should read it: Leaders interested in how people make decisions Theme: Primal, non-verbal communications techniques, or signals, underlie...
- Blog posts 2008-11-18
- Get off the bus/Then wake up and get back to the basics of local
- As you're sputtering along bumper-to-bumper, stoplight-to- stoplight on your next commute, take solace in knowing that your local government's transportation planners are brainstorming a solution. It involves a multi-tiered mass-transit system in which express buses would whiz commuters along major thoroughfares while puddle jumpers ply...
- Research articles 2001-04-18
- Political posterior-covering motivates Demos
- The salient news in the Senate Intelligence Committee report is this: All you have been hearing about "he lied to us" and "they cooked the books" is a lot of partisan nonsense. The 511-page Senate report concluded this: Nobody in the White House or the Pentagon pressured the...
- Research articles 2004-07-15
- Groupthink, politics, and the decision to attempt the Son Tay rescue
- Shortly after 0200 local time on 21 November 1970, a raiding force of 56 men began one of the most daring American operations of the Vietnam War, a nighttime raid 23 miles west of Hanoi on the Son Tay prisoner of war POW camp. The Son Tay raid was conceived...
- Research articles 2005-09-22
- Media blamed for Pentagon 'groupthink'.(Washington Pulse)(Brief Article)
- Asked to comment on news reports that the Defense Department plans to cut weapons program budgets, the Army's top acquisition executive, Claude M. Bolton, replied that he does not react newspapers and he shuns the Pentagon's daily "Early Bird" clippings, which are considered mandatory reading inside...
- Research articles 2005-02-01
- Finally, Some Semblance of Rationality to Wall St.'s Compensation Structure
- Dear John Thain submits: It’s finally occurred. As I just read on Clusterstock, there is officially some sort rationality creeping into Wall St. payment structures. Claw-backs are here, as I suggested previously I was hardly alone. Now, I wonder what the real impetus behind this sort of decision really...
- External links 2008-12-10
- The Case Against Brainstorming
- The Find: Brainstorming stirs up strong reactions â€" both positive and negative â€" and one blog dedicated to creative thinking is rounding up the case for and against the use of the idea generating technique. The Source: A post by Mark McGuinness on the blog, Lateral Action....
- Blog posts 2009-01-30
- Sleepwalking to Economic Oblivion
- Tim Price submits: ...any collectivist system is necessarily self-defeating no matter what its specific policies or leaders. After all, if Johnny is in your group and he can’t read or write very well, you’ll be getting Johnny’s grades. - ...
- External links 2009-02-06
- How to Spot Trouble -- Before It Hits Your Company
- "I should have seen it coming." How many times have you uttered that phrase after you've been blindsided by trouble, realizing that the signs were there all along? The recent subprime mortgage crisis is a good example of a collective "we should have seen...
- Blog posts 2009-05-21
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