Behavioural skills - avoiding cognitive bias - group confirmation bias.
Groupthink is a form of dysfunctional decision-making, resulting from an excessive focus on harmony or conformity within a group, at the cost of reaching consensus decisions without enough critical evaluation.
It is closely related to confirmation bias.
Solutions to groupthink include increasing diversity in the group.
- Use your own judgement in the New Normal
- "It’s tempting to see the release from [Covid] lockdown as the corporate equivalent of going back to your favourite restaurant.
- For many businesses it won’t be anything of the kind.
- Here’s how to make better choices to navigate the new normal...
- Because we want something to be so doesn’t mean it will be.
- Some of us are pessimists, some optimists, and it’s more comfortable talking to those we agree with.
- These feelings should not get in the way of a cool look at the realities.
- Property company Shaftesbury, heavily involved in problematic London retail areas, talks about strategic acquisitions and selective disposals.
- Avoid wishful thinking or groupthink."
- Sir Andrew Likierman, professor of management practice, London Business School - The Treasurer, Issue 2, June 2021, p39
- Affinity bias
- Bandwagon bias
- Behavioural economics
- Behavioural skills
- Choice supporting bias
- Cognitive bias
- Confirmation bias
- Critical evaluation
- Default bias
- Dunning-Kruger effect
- Emotional intelligence
- Executive coaching
- Hindsight bias
- Horizon scanning
- Maslow's hammer
- Optimism bias
- Reactance bias
- Self-investment bias
- Self-serving bias
- Social bias
- Source bias
- Status quo bias
- Working effectively with others