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Explain at least four ways by which firms can overcome groupthink.
Types of Probability
Different methodologies or approaches used to assess the likelihood or chance of specific events occurring, such as theoretical, experimental, and subjective probability.
Analogies
Comparisons between two things, typically for the purpose of explanation or clarification, highlighting similarities in otherwise dissimilar entities.
Lateral Thinking
A problem-solving method that involves looking at situations from different angles to find creative solutions.
Refined and Developed
The process of improving and evolving an idea, product, or skill through careful analysis, enhancement, and growth activities, often resulting in higher quality and effectiveness.
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