(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 ...

The saying "too many cooks spoil the broth" is well-known. It means that the more people involved in a task, the poorer the outcome. I find this expression holds true in the world of business where ...

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 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 ...

Illustration by The Atlantic. Source: Andrew Harnik / Getty. Yet, ironically, MAHA’s core concern—that the nation’s most seasoned public-health experts have been rendered senseless over many years by ...

Groupthink is a familiar manifestation of the inertia of no. It’s easier to see other people get hoodwinked by groupthink than it is to identify it in our midst. Groupthink Defined Irving Janis coined ...

Reid Hastie does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their ...

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 ...