The Power of Groups – Decision Making Essay Example

Increased globalization, high competition and dynamism of the present day’s business environment leaves no room for mistakes that might mean organizational slowdowns. Since development relies on the decisions that are converted into ideas, performance is directly influenced by the kind of decisions made by the company. Although scholars have not been able to carry out studies that accurately state whether best decisions are made in a group individually, various sources have offered some conclusive explanations that groups are in a better position to make decisions.

For instance, groups have the benefit of utilizing more data, mistakes can be noted and rectified and lastly, have a superior collective memory. All these advantages must be utilized for a group to make a right decision. However, a common phenomenon called groupthink which arises as a result of conformity pressures, as well as the imperfect process, often lead to poor g