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The culture at Enron caused high pressures to meet sales goals which inevitably impacted the employees’ ethical decision-making. Enron shareholders lost $74 billion leading up to its bankruptcy, its employees lost their jobs and their pensions.
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 ...
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]
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.
The success of groupthink also hinges on the long-term homogeneity of the group, which seeks to keep that same cohesiveness and therefore to avoid all potential conflict. [13] However, while groupthink, to some extent, depends on the ability of individuals to perceive attitudes and desires of others, the Abilene paradox hinges on the in ability ...
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.”
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]