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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

When you’re the new boss, it feels great to have employees agree with your decisions. But agreement isn’t always a good thing, as one of my clients found out. “John” was new in his director-level role ...

Groupthink makes navies stupid. Heck, groupthink makes any group of people stupid. Shame there’s such demand for it in U.S. Navy circles. Or at least that’s the impression you’d get from the criticism ...