The term groupthink originated in 1952 in Fortune magazine by the author William Whyte. The theory‚ however‚ was not researched or clearly defined until around 1972 by Irving Janis. Whyte acknowledged that groupthink was a definition in progress; Janis picked up and further developed the study many years later. Groupthink is defined as a group’s inability to make correct decisions as a result of the implied need for group cohesion. “Janis provides a series of statements that collectively are
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Ed Law 111 M-W 3:30-5:00 Assessment No. 3 Types of Remedies: Compensatory - A money award equivalent to the actual value of injuries or damages sustained by the aggrieved party. When a contract has been breached‚ the court orders the party that breached to pay the amount of direct losses done to innocent party. Consequential - Special damges that compensate for a loss that is not direct or immediate (for example‚ lost profits0. The special damages must have been reasonably
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1. Get new review forms and let the new review forms list a few goals for the employee to reach before the next review. 2. Another idea is a peer review‚ which would have everyone in the office fill out a review for each other but not put their name on the top. Then the person giving the review can put these together and get a better feel for how the people that work with the employee each day think they are doing. 3. Take Warren’s advice and expand the numbers to 10 to give the reviewer
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7.29 Effect of circumstances on audit opinion You are an audit partner finalising your 30 June 2015 audits. The following independent and material matters have come to your attention. 1. Food Fund Foundation‚ a charity‚ is a non-reporting entity. As in previous years‚ you have performed the audit in accordance with its constitution. The financial report is prepared by another firm of accountants on behalf of Food Fund’s board of directors‚ because Food Fund does not have the in-house expertise to
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1. Do you agree with Virgin ’s market diversification strategy? If so‚ what other markets should they pursue? If you disagree‚ what should be their business focus? Diversification is most commonly understood through the financial world‚ where one should have a diverse range of investments. Mixing funds that are countercyclical – the performance of certain funds is not correlated to the performance of others. Usually when one set of funds are down‚ the value of another set of funds is up. This
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Week 6 - DQ 1 Do social inequities (for example‚ certain individuals preferred over others for jobs‚ housing financing‚ and so on) based on race still occur? If so‚ what are some examples that you have seen? I have not seen social inequities based on race‚ but I have heard about it still going on. I have heard that the African Americans get more food stamps than white people. I do not know if it is true or not. I know many black people that do not want any financial help‚ and I know plenty
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CanGo has moved from a small startup to a recognized growth company having a recent IPO offering. CanGo is currently lacking in a critical area for any business. It needs to focus on Strategic Planning. Strategic Planning will benefit CanGo by allowing it to: 1. Clearly define its goals consistently with its Mission and Vision statement. 2. Communicate effectively its goals to all of the organization. 3. Provide a foundation on which to direct future efforts. CanGo has the layers for a hierarchical
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IT 205 CheckPoint 1 The three dimensions to business problems are Organizational‚ Technological and People. With Organizational dimension comes outdated business processes‚ political conflict‚ complexity of task and inadequate resources to name a few. Technological dimension problem comes with outdated software‚ inadequate database capacity‚ rapid technological change and others. People dimension problems are lack of employee training‚ legal and regulatory compliance‚ indecisive management
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Groupthink is a concept that was identified by Irving Janis that refers to faulty decision-making in a group. Groups experiencing groupthink do not consider all alternatives and they desire unanimity at the expense of quality decisions. Groupthink is a mode of thinking people engage in when cohesiveness is high. Groupthink leads to poor decision making and results in a lack of creativity. Groupthink has been studied widely; many people are unaware of its dynamics and the consequences that they might
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Groupthink is a deterioration of mental efficiency‚ reality testing‚ and moral judgment that results from in-group pressure (Verderber‚ Verderber‚ & Sellnow‚ 2011). Groups affected by groupthink ignore alternatives and tend to take irrational actions that dehumanize other groups (Miller‚ 2010). A group is especially vulnerable to groupthink when its members are similar in background‚ when the group is insulated from outside opinions‚ and when there are no clear rules for decision making (Miller
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