PROMPT: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 w

PROMPT:

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:

                                                        http://www.afirstlook.com/docs/groupthink.pdf

1.) What techniques have worked for you in forming groups to solve problems?2.) Why do you think the technique worked? 

INSTRUCTIONS:

PLEASE USE REFERENCE STATED FOR ADDITIONAL ASSISTANCE; 

APA FORMAT

250 WORDS

PLEASE USE REFERENCE LISTED ALSO: Principles of Management-Version1.1 by Carpenter, Mason/Bayer, Talya/Erdogan

NO GRAMMAR ISSUES/NO ERRORS

LIST 2 SCHOLARLY PEER-REVIEWED REFERENCES/3 CREDIBLE SCHOLARLY SOURCES

ONLY USE 2 IN TEXT CITATIONS; Paraphrase or SUMMARIZE the rest!!!!!!!!!!!!!!!