Groupthink is a phenomenon in which people lose sight of potential problems in the pursuit of consensus thinking.
Any dissenters in the group who might try to present a rational argument are pressured into reaching a consensus and may even be censored.
Groupthink is especially dangerous in political situations where no one participant has all the necessary information.
Groupthink can be reduced by drawing criticism or appointing one person as “devil’s advocate” against the group.
The Challenger shuttle disaster, the Bay of Pigs, Watergate, and the escalation of the Vietnam War are all considered possible consequences of groupthink.
Force majeure - a clause that is included in contracts to remove liability for unforeseen and inevitable disasters that violate the expected course of events and prevent the participants from fulfilling their obligations.
Garden leave is a transitional period for employees who give or receive notice of termination, leaving them on the payroll but away from the workplace.
Bargaining means to negotiate the price of a good or service until a mutually agreed price is determined.
Bargaining is a method in which two or more parties make consecutive offers and counter offers until an agreement is reached.