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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. 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? Instructions: Your initial post should be at least 250 words. Forum 5 – Portfolio Diversification Course Objective: Identify and discuss topics for long-term corporate objectives including the forces that drive the organization’s products and markets. Question posed: What are three types of opportunities for sharing a sound basis for diversification (think in terms of ways companies diversify) or vertical integration? Give an example of each from companies you have read and or researched. Instructions: respond to initial question by Thursday 11:59pm ET and provide peer responses by Sunday 11:59pm ET. Make sure to review the “Forum Rubric” located in the “Course Announcement” section of the course prior to submittal. Proof read your post, prior to submittal, to catch grammatical errors. DO NOT POST YOUR INITIAL RESPONSE TO THE QUESTIONS POSED WITHOUT READING THE FORUM RUBRIC IN THE COURSE ANNOUNCEMENT SECTION OF THE COURSE. ADDITIONALLY PLEASE NOTE YOU WILL NOT BE ABLE TO EDIT OR DELETE YOUR RESPONSES ONCE POSTED (for academic integrity reasons). You are required to post your initial response before you are able to see others post. |