Groupthink
Example
For example, a company that implements Groupthink strategies, like Groupthink in the boardroom led to poor strategic decisions., can see significant improvements in their business performance by streamlining workflows, enhancing productivity, and boosting overall profitability.
Definition
A phenomenon that occurs when a group of people makes decisions that are more irrational or risky than the decisions of any individual member. This term is crucial in the Groupthink context as it helps businesses understand how to Groupthink in their operations, making it highly relevant for industries looking to optimize Groupthink processes.
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