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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.
Enron filed for bankruptcy on Dec. 2, 2001, amid revelations of hidden debt, inflated profits and accounting fraud. The collapse of the energy giant cost thousands of workers their jobs, while ...
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.
Enron Corporation was an American energy, commodities, and services company based in Houston, Texas.It was founded by Kenneth Lay in 1985 as a merger between Lay's Houston Natural Gas and InterNorth, both relatively small regional companies at the time of the merger.
Also available on the flashy new Enron site is a selection of clothing items on the company store which include stickers ($5), beanies ($30), T-shirts ($40), puffer vests ($89) and hoodies for ($118).
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 ...
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.