(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 ...

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 ...

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 ...

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 ...

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 ...

Opinions expressed by Entrepreneur contributors are their own. Entrepreneurs and team leaders often devote significant energy into coordinating efforts and fostering a common organizational culture.

You don’t know Irving Janis’s name. But you’ve heard the term he invented: groupthink. A recent example occurred when a New York grand jury indicted Donald Trump on charges related to an alleged ...