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Bridgewater as a company build a culture to avoid groupthink. Building this culture will entail practices that will allow for employees to share feedback openly without any fear. As companies battle challenges from the pandemic to having to traverse a future that is murky. Having in place unfiltered views on deck will help. As each company grapples with uncertainties and an economic climate that looks uncertain, having in place a culture that avoids group think is a plus. One observation I have made with tightly knit teams, is the false believe that they are better than other teams, coming to agreements and consensus quickly. As companies battle the impact of COVID on their businesses, key questions that have arised is why individuals have not flagged out dissenting views towards strategy, risks and growth soon enough. - Strategy planning Singapore
Here are 6 practices in place at Bridgewater, that has helped them build a culture that is centred on giving open and fearless feedback.
Pretty daunting to say the least. More so for companies, when no one speaks or even murmurs an idea. Teams that are quick to reach consensus may not have considered alternative views with clarity. When culture is centred on fear, not rocking the boat, or blindly following policies, high chance many of the employees may have been rewarded for towing the line. COVID 19 ravage on the economy has shown how unprepared most organization have been. As leaders, when your peers and staff disagree with you, that’s a pat you can give yourself on your back. You have shown that you encourage dissenting views. To breakthrough into the realms of innovation and organizational performance, encourage fearless feedback. Here is a short clip, on what defines a “groupthink” and how it is detrimental to teams.
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