MGMT310 : Group Decision Making…Who can answer this one for me?
According to James Surowiecki in the book “The Wisdom of Crowds:” When “Groups” are involved in making a decision they normally have better than “house odds,” which is 70% of getting it right without having 100% of the facts. When groups make decisions they normally, and consistently hit at about 85 to 90% of the time getting the right answer. However, without the facts being available to any human it lowers the odds to a little over the 50-50 point.When considering working in groups, remember there is strength in harmony and like-mindedness: however, diversity facilitates “thinking outside the box.” “Groupthink” is an example of what occurs when conformity is attributed too much emphasis. The following website provides more information:http://www.afirstlook.com/docs/groupthink.pdf1) What techniques have worked for you in forming groups to solve problems?2) Why do you think the technique worked or didn’t work? Explain.Instructions: Your initial post should be at least 250 words.