Group Think and Wisdom of the Crowds is Actually Quite Dangerous, I'm Afraid
07/12/2011 12:37
Over the years as an entrepreneur and founder of a company I've always had a problem with sitting in a committee, listening to everyone in the group make comments,Apple 9L0-625 exam and then watching the facilitator and group try to make a decision while keeping everyone happy. It is about the most frustrating thing I've ever done in my life, and I've been on a number of committees due to my pecking order in the various industries I was involved. Still, I've always said that an entrepreneur can accomplish in seconds what committees spend hours doing just to put into their minutes.
Now then, I ask you; does group think really work? The reason I ask is I have competed against companies that had some of the smartest people that I've ever met in my industry, and they would get together in board meetings, and come up with a solution or a strategy to better compete with my company in the marketplace. It seemed to me that we always were one step ahead of them, innovated faster, made better decisions, and continually beat them in the free-market. I've always wondered why that was?
But then as I look back on many of the things that I've done and recall all those times when I'd sat in committees for hours, watching them accomplish nothing, using their little "Roberts Rules of Order" and then when they couldn't come up with the proper solution, at the last minute they would just choose something. Indeed, their solution would be something that would keep everyone in the group happy, and take into consideration the comments of even the most ignorant person of the group. I always found this fascinating, and completely problematic.
There was a very good article the other day in Physorg [dot]Apple 9L0-625 exam com titled "Information Sharing Interferes with Wisdom of Crowds: Study Shows" by Dborah Braconnier published on May 17, 2011. The article stated;
"A statistical phenomenon, called the Wisdom of Crowds, happens when a group of individuals make guesses and the average of the guesses reveal accurate average answers. However, researchers have discovered that when the individuals are made aware of other participant's guesses, there is a clear disruption to the accuracy of the guesses."
Okay so what this tells me is that the wisdom of the crowds theory is actually quite dangerous, and it is actually the individuals in the group that come up with the best solutions. Groupthink doesn't work but the collection of individual thoughts without the political pecking order and the melding of mindsRH253 is what works the best. I'd like you to consider all this and think on it. If you have any comments or questions please shoot me an e-mail.
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