Group Decision Making | Assignment Help

According to James Surowiecki in the book “The Wisdom of Crowds:” When “Groups” are involved in making a decision they normally have better than “house odds,” which is 70% of getting it right without having 100% of the facts. When groups make decisions they normally, and consistently hit at about 85 to 90% of the time getting the right answer. However, without the facts being available to any human it lowers the odds to a little over the 50-50 point.


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When considering working in groups, remember there is strength in harmony and like-mindedness:  however, diversity facilitates “thinking outside the box.”  “Groupthink” is an example of what occurs when conformity is attributed too much emphasis.  The following website provides more information:

What techniques have worked for you in forming groups to solve problems?
Why do you think the technique worked? 


In its most essential respects, group decision making is the process through which multiple individuals come together to collaborate and analyze shared problems while determining the most suitable solutions for them (Hwang & Lin, 2012). Different groups have different numbers of members. These numbers range from as little as two to seven or even more. Therefore, in as much as these individuals are demographically alike, they are also diverse in various other ways. Thus, different groups use different techniques to arrive at decisions and solutions. Each of these techniques is designed to enhance the group’s decision making processes. Some of the techniques that have worked…


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