Search results
Results from the WOW.Com Content Network
Enron was an American energy company based in Houston, Texas in 2001. It was revealed that the company had been engaging in accounting fraud. Enron had been hiding billions of dollars in debt via various accounting loopholes, the company's shareholders filed a $40 billion lawsuit.
Groupthink, while it is thought to be avoided, does have some positive effects. Choi and Kim [ 55 ] found that group identity traits such as believing in the group's moral superiority, were linked to less concurrence seeking, better decision-making, better team activities, and better team performance.
Mindguards can be self-appointed, [2] and multiple mindguards are frequently present in groupthink situations. The techniques utilized, consciously or subconsciously, by mindguards include: time pressure in regard to decision-making; bandwagon effect/information cascades; reframing situations to increase pressure toward or away from a specific ...
An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001.
Sally Fuller and Ramon Aldag argue that group decision-making models have been operating under too narrow of a focus due to the overemphasis of the groupthink phenomenon. [2] [3] [4] In addition, according to them, group decision-making has often been framed in relative isolation, ignoring context and real-world circumstances, which is a likely consequence of testing group decision-making in ...
Enron employees leave the headquarters building in 2002 in downtown Houston, Texas. The company appears to have been relaunched as of Dec. 2, 2024 as an elaborate joke more than 20 years after it ...
Ask most investors -- even financial experts -- to explain what happened to Enron and they'll bring up those bizarrely named fake partnerships the company used to hide massive amounts of its debt.
Irving Lester Janis (May 26, 1918 – November 15, 1990) was an American research psychologist at Yale University and a professor emeritus at the University of California, Berkeley most famous for his theory of "groupthink", which described the systematic errors made by groups when making collective decisions.