The finance team of a company conducts a meeting to discuss the worthiness of investing its funds in the local share market.Although most of the team members support the idea,one member,Mikhail,feels that the proposed investment is risky as the stock prices of many companies in the market has been erratic.However,Mikhail does not voice his opinion fearing that his dynamics with the team would be affected.The phenomenon that reflects Mikhail's psychology is called _____.

Question

Quizplus · Accepted Answer

Mikhail's behavior reflects the phenomenon of groupthink, which is the tendency of group members to conform to the group's decision and suppress their opinions and critical thinking to maintain consensus and harmony in the group. Mikhail's fear of being rejected or ostracized by the team is a common reason why individuals conform to group norms, even if they disagree with them. This can result in poor decision-making and overlooking potential risks or flaws in the group's plan.

The Finance Team of a Company Conducts a Meeting to Discuss