Chartered Management Institute

FEBRUARY 14, 2024

This week, articles in Forbes Poland and Fortune China referenced CMI findings that 82% of managers who enter management positions have not had the relevant training. Management apprenticeships offer a powerful way to prepare managers. It’s not just individuals who benefit. Play clip ]. Why not share it.

Groupthink 52

Groupthink Newsletter Article Transportation 52

Mark Sanborn

SEPTEMBER 17, 2023

Examples: A CEO ignores market research that suggests a new product will not be well-received because he or she firmly believes it’s a good idea. A manager only listens to team members who agree with them, neglecting diverse opinions that could offer a new perspective. Also know as “throwing good money after bad money.”

Dunning 52

Dunning Consensus Groupthink Charisma 52

The Idolbuster

JANUARY 15, 2013

I heard a cautionary tale from “George” the former VP of marketing at a mid-sized biotechnology company about how a bogus forecast helped propagate a disaster. Marketing then back calculated the number of units, service contracts, and consumables that would need to be sold to make the forecast. Bad management? Sounds like it.

Biotechnology 41

Biotechnology Groupthink CFO Stress 41

Frank Sonnenberg Online

MARCH 7, 2019

Sonnenberg: Did you ever notice that when you’re in the market for a new car, you seem to notice car ads more than usual? It’s very easy to get caught up in groupthink. How common do you believe it is for people to allow “conventional wisdom” to hold them back? What’s a good antidote for that? The same is true for preconceived notions.

Advice 82

Advice Learning-by-Doing Blog Morale 82

Harvard Business Review

MAY 11, 2012

This is the opposite of groupthink, the creativity-killing phenomenon of too much agreement and too similar perspectives that often paralyzes otherwise great teams. Everyone is just like us — say, marketers or engineers. Assembling and managing diverse teams is hard work. We've all been on these teams.

Diversity 15

Diversity Creativity Team Groupthink 15

Harvard Business Review

SEPTEMBER 14, 2011

Dr Reddy's plan is to leverage Chirotech's scientific capabilities to optimize drug development processes, thus lowering manufacturing costs and speeding time-to-market. In recent years, Indian firms such as Dr Reddy's have also started globalizing their R&D footprint by moving into Western markets.

Globalization 14

Globalization Innovation Decentralization Chemicals 14

Harvard Business Review

FEBRUARY 3, 2011

Recent market updates, a technical deconstruction of various trends, then product frameworks — all in quick succession. We don't get to optimize all products, go after all markets, or add all programs. It happened during the Kennedy Administration's Bay of Pigs fiasco when " groupthink " carried the day.

Merton 16

Merton Groupthink CFO Cost 16

Harvard Business Review

MAY 19, 2017

What Great Managers Do. Exceptional managers find and capitalize on their employees' unique strengths. You can get trapped in a version of groupthink, with a single set of shared relationships. Related Video. Learn how they do it with this 6 minute video slide deck. Download a customizable version in Subscriber Exclusives.

Groupthink 16

Groupthink Video Learning-by-Doing Career 16

Harvard Business Review

DECEMBER 10, 2015

Many of us are familiar with the hazards of Groupthink - when teams or organizations operate on autopilot and feel a general false sense of invulnerability. One strategy that can significantly help teams avoid the dangers of Groupthink and successfully respond to emerging threats and opportunities is to create structured debates.

Groupthink 8

Groupthink Team Consensus Christensen 8

Harvard Business Review

NOVEMBER 12, 2013

managers and nearly half of UK managers say they want to sponsor a “producer,” a go-getter who hits deadlines and offers 24/7 support. Loyalty is even more important, with 37% of male managers and 36% of female managers saying that this is the key attribute in a protégé. According to our research, a third of U.S.

How To 10

How To Groupthink Diversity Career 10

Harvard Business Review

JULY 2, 2013

firms have historically given the CEO and other management members exclusive responsibility for communicating with investors. companies have started demanding direct access to non-management board members in order to assess the quality of board stewardship. In recent years, institutional shareholders in U.S.

Groupthink 8

Groupthink Banking CEO Diversity 8

Harvard Business Review

AUGUST 28, 2015

Today, a few organizations – like Medium, David Allen Consultants, and Zappos – are adopting a radically different, approach to management: holacracy. For all of the sturm und drang surrounding the idea, as we talked I realized a lot of holacracy is just codifying many of the informal elements of good management.

Groupthink 8

Groupthink Agility Diversity Retail 8

Harvard Business Review

JULY 10, 2017

To drive home the urgency, the coalition’s website, CEOAction.com , directs visitors to research showing that diverse teams and inclusive leaders unleash innovation, eradicate groupthink, and spur market growth. But as Tim Ryan, U.S.

Ryan 9

Ryan Stephenson Groupthink Politics 9

Harvard Business Review

APRIL 25, 2017

Taken together, all of us establish a “consensus” view on the markets. And most of my asset manager clients were looking for something different: “Give me a contrarian perspective.” ” In other words, they didn’t want to hear the groupthink.

Career 9

Career Groupthink Banking Video 9

Harvard Business Review

JULY 17, 2015

While both had top people, one was dramatically more successful in the market. How did the stars at that firm manage to shine brightly together, while those at the other merely twinkled on their own? Teams low in diversity often succumb to groupthink; they agree with each other too quickly and fail to consider novel courses of action.

Team 8

Team How To Efficiency Groupthink 8

Harvard Business Review

OCTOBER 24, 2016

To find out, I turned to my ongoing Top Pricer Tournament , in which 884 people — managers, consultants, professors, students — make pricing strategy decisions for a generic business competing against other generic businesses. Ask what you’d do if you were entrepreneurs preparing to enter your market de novo.

Due Diligence 8

Due Diligence Groupthink Strategy Customer Loyalty 8

Strategy Driven

OCTOBER 31, 2019

Groupthink is a real thing. Dan took his leadership and technology experience to work on and in the Sparklab startup business accelerator as well as lead change management and profit building initiatives for mid-market companies. For example, be careful what kind of company you keep. Bad company corrupts good morals.

Cooper 50

Cooper Groupthink Leadership Styles Servant Leader 50