Which of the following is not a disadvantage of group decision making?
Group decision making has two advantages over individual decision making. · Sharing of information - Group decisions take into account a wider scope of information as each group member may contribute distinct information and expertise. Sharing information increases understanding, clarifies issues, and facilitates movement towards a collective decision. · Synergy - It is the idea that the whole is greater than the aggregate of its parts. When a group makes a decision collectively, its judgment can be powerful than that of any of its members. Through discussing, questioning, and collaborative approach, group members can identify more complete and robust solutions and recommendations. The major disadvantages of group decision making are as follows − · Diffusion of Responsibility - Group decision making results in distribution of responsibility that results in lack of accountability for outcomes. In this way, everyone is responsible for a decision, and no one really is. Moreover, group decisions can make it easier for members to refuse personal responsibilities and blame others for bad decisions. · Lower Efficiency - Group decisions can sometimes be less efficient than individual decisions. It takes additional time because there is a need of active participation, discussion, and coordination among group members. Without good facilitation and structure, meetings can get eliminated in trivial details that may matter a lot to one person but not to the others. · Groupthink - One of the biggest disadvantage of effective group decision making is groupthink. It is a psychological phenomenon that occurs within a group of people in which the wish for harmony or conformity results in an illogical or dysfunctional decision-making outcome. By refraining themselves from outside influences and actively suppressing opposing viewpoints in the interest of minimizing conflict, group members reach a consensus decision without critical evaluation of substitute viewpoints.
Special Courts are established by__________________
No banking company shall pay any dividend on its shares until all its capitalised expenses including ____________________have been completely written off
In the case of Indian Oil Corporation Ltd. V. Amritsar Gas Services & Ors. it was held that_______________
The term debt has been defined under IBC as _________________
Whoever threatens another with any injury to his person, reputation or property with intent to cause alarm to that person, or to cause that ...
A company shall have at least one director who stays in India for a total period of not less than one hundred and eighty-two days ______________
The famous case of Balfour vs. Balfour (1919) 2 KB 571 is related to________.
Where is the Head Office of APEDA situated?
When a Food Safety Officer takes a sample of food for analysis, he shall divide the sample into ……….. parts
According to the SEBI Act the Securities Appellate Tribunal shall________________