Groupthink and Risky Shift Phenomenon
| Groupthink and Risky Shift Phenomenon | | | | |
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Table of Contents Executive Summary i Introduction 1 The Groupthink phenomenon 1 The Risky-shift phenomenon 2 Conclusion 4 Recommendation 4 Reference list 5
Executive Summary
Groupthink phenomenon continues to exist and influence in a group decision making. This is especially happen when group cohesiveness is high and there is an absence of open communication. However, understanding the theory would enable us to recognize the factors that may affect the quality of decisions we made in the group. Risky-shift on the other hand, exists as a form of motivation with a perspective of a shared responsibility of taking the risky decision. It is generally accepted that this risky-shift influence by cultural value in which individual is motivated to choose the riskier alternative to increase group or society status. Understanding risky-shift enables us to reduce the magnitude of pressure of which the risk has to bring as imbedded in every decision made during uncertainties.
In addition, group interaction is very important in the process of decision-making whereby individual opinion and ideas is valued. It is also in this way that individual will learn to stand his position in certain decision-making procedure. It maybe be difficult and challenging since individual will share different ideas and inputs, exchange opinions and contrary views, yet in the process develop alternatives to the solution in problem solving which reflects a good group decision-making. Overall, these sociological phenomenon and perspective allow us to identify attributes that may control and limit the development of best alternative in solving problem and issues.
Finally, a clear understanding of the elements of these theories will enable members to recognised symptoms within a faulty group decision-making and draw the best alternative course of action from the group. This paper is going to provide
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Table of Contents Executive Summary i Introduction 1 The Groupthink phenomenon 1 The Risky-shift phenomenon 2 Conclusion 4 Recommendation 4 Reference list 5
Executive Summary
Groupthink phenomenon continues to exist and influence in a group decision making. This is especially happen when group cohesiveness is high and there is an absence of open communication. However, understanding the theory would enable us to recognize the factors that may affect the quality of decisions we made in the group. Risky-shift on the other hand, exists as a form of motivation with a perspective of a shared responsibility of taking the risky decision. It is generally accepted that this risky-shift influence by cultural value in which individual is motivated to choose the riskier alternative to increase group or society status. Understanding risky-shift enables us to reduce the magnitude of pressure of which the risk has to bring as imbedded in every decision made during uncertainties.
In addition, group interaction is very important in the process of decision-making whereby individual opinion and ideas is valued. It is also in this way that individual will learn to stand his position in certain decision-making procedure. It maybe be difficult and challenging since individual will share different ideas and inputs, exchange opinions and contrary views, yet in the process develop alternatives to the solution in problem solving which reflects a good group decision-making. Overall, these sociological phenomenon and perspective allow us to identify attributes that may control and limit the development of best alternative in solving problem and issues.
Finally, a clear understanding of the elements of these theories will enable members to recognised symptoms within a faulty group decision-making and draw the best alternative course of action from the group. This paper is going to provide