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This can result in poor decision-making and a lack of innovative thinking. Groupthink In an environment where conformity is valued over critical thinking, leaders may disregard their own views or skepticism to avoid conflict. Also know as “throwing good money after bad money.”
Diversity has long been recognized in terms of its importance to things like innovation and creativity, with research from MIT showing how cognitive diversity improves the profitability of organizations. Such diversity can have costs, however, as paper from Wharton illustrates. ” The best decisions. Struggling to diversify.
This can result in poor decision-making and a lack of innovative thinking. Groupthink In an environment where conformity is valued over critical thinking, leaders may disregard their own views or skepticism to avoid conflict. Also know as “throwing good money after bad money.”
This is why the Imposter Syndrome bedevils us more and more as we rise higher in an organization or move out farther away from organizational groupthink into entrepreneurship to take on more accountability and (potentially) make more costly mistakes. Find Dana on Twitter at @DanaTheus. Bernd Geropp provided How I learned to delegate.
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