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 ...

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 ...

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 ...

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 ...

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 ...

The best leaders know successful solutions reflect real discourse and diverse perspectives. They actively work to prevent groupthink by cultivating the following practices. Opinions expressed by ...

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.

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 ...

Robert Jervis is a political science and international politics professor at Columbia University and a consultant to the CIA. In an unusual foray into psychological diagnostics, the Senate ...