management

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.pdf

-What techniques have worked for you in forming groups to solve problems?
-Why do you think the technique worked?

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