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The downfall of Enron was due to a lack of ethical leadership and coordination. Leaders were concerned with promoting a win at any cost culture through systems such as “rank and yank” by encouraging employees to achieve short-term goals at any cost.
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.
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 ...
In groupthink theory, a mindguard is a member of a group who serves as an informational filter, providing limited information to the group and, consciously or subconsciously, utilizing a variety of strategies to control dissent and to direct the decision-making process toward a specific, limited range of possibilities. [1]
Groupthink is sometimes stated to occur (more broadly) within natural groups within the community, for example to explain the lifelong different mindsets of those with differing political views (such as "conservatism" and "liberalism" in the U.S. political context [7] or the purported benefits of team work vs. work conducted in solitude). [8]
Enron was once worth $68 billion to its shareholders, so at just over 10% of that. Sure, $7.2 billion sounds like a lot of money. And to me, it is a lot of money. But to the people who lost their ...
An Enron-branded X account posted and later deleted a message teasing at a crypto offering, saying “we do not have any token or coin (yet). Stay tuned, we are excited to show you more soon.”