SPCoug
Well-Known Member
Years ago, I read an article, titled, "Why Smart People Do Dumb Things." It listed some classic corporate blunders, such as the Edsel and New Coke. Since then, one can arguably add Kodak and Bud Light to that list.
The article stated that such catastrophes typically occur for several reasons. One is group think: Everyone involved thinks the same way, with no outside viewpoints that challenge the collective and reinforcing mindset by pointing out holes in the boat. That led to the Bay of Pigs.
A second is hubris: Those making the decisions think that they know more than the average Joe and consider themselves infallible (or that the rules don't apply to them).
I don't know which better describes the Pac's unraveling. Perhaps there's a third reason However, I suspect that MBA programs will have a field day dissecting what went wrong and why, which has startled me and was unthinkable, even two years ago.
The article stated that such catastrophes typically occur for several reasons. One is group think: Everyone involved thinks the same way, with no outside viewpoints that challenge the collective and reinforcing mindset by pointing out holes in the boat. That led to the Bay of Pigs.
A second is hubris: Those making the decisions think that they know more than the average Joe and consider themselves infallible (or that the rules don't apply to them).
I don't know which better describes the Pac's unraveling. Perhaps there's a third reason However, I suspect that MBA programs will have a field day dissecting what went wrong and why, which has startled me and was unthinkable, even two years ago.