What Is Groupthink? Why and How Does It Occur? Who

question 42

Essay

What is groupthink? Why and how does it occur? Who is at risk for groupthink? Provide an example of groupthink.

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Definitions:

What-If Analysis

A systematic process to explore the potential outcomes of different scenarios in decision-making or problem-solving.

Financial Models

Quantitative tools typically built in spreadsheets to forecast a financial aspect of a business entity.

Changes in Outputs

Variations in the quantity or quality of a company's production or services over a given period.

Contribution Margin Ratio

A financial metric that shows the percentage of sales revenue that exceeds variable costs, indicating how much revenue contributes to fixed costs and profit.