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About Business Basics
Business Basics are AI-generated explanations prepared with access to the complete collection, human-reviewed prior to publication. Short and simple, covering business fundamentals.
Topics Covered
- Decision-making in teams
- Group decision advantages
- Pitfalls like groupthink
- Factors for quality decisions
- Leadership and culture in decisions
Talk Citation
(2025, September 30). Decision-making in teams [Video file]. In The Business & Management Collection, Henry Stewart Talks. Retrieved September 30, 2025, from https://doi.org/10.69645/EPST1741.Export Citation (RIS)
Publication History
- Published on September 30, 2025
Transcript
Please wait while the transcript is being prepared...
0:00
Welcome, everyone. We’ll explore
the crucial topic of
decision-making within
business teams.
In today’s interconnected
organisations,
decisions are less often made by
individuals and more
commonly by groups.
Teams draw on diverse
skills and knowledge,
aiming to improve
decision quality and
strengthen implementation
through shared ownership.
However, group decisions
bring unique challenges.
We’ll examine the
factors that contribute
to high-quality
decision-making in teams,
discuss common pitfalls,
and consider what
managers can do to facilitate
effective group processes.
Throughout this lecture,
we’ll see how team
decision-making
impacts everything
from daily operations
to long-term strategy.
Teams in business often have
advantages over individuals
in decision-making,
combining broader expertise and
experience for more
creative, robust solutions.
Groups can also foster
buy-in and greater
commitment to outcomes.
However, these benefits
are not guaranteed.
Teams may struggle with
groupthink, where the
desire for consensus
suppresses dissent and
critical analysis, and with
unequal information
sharing, as members may
focus on common facts and
overlook unique insights.
If not carefully managed,
these dynamics can lead
to flawed results.
Recognising both
the strengths and
limitations of team
decisions is crucial for
leaders and team
members to navigate
group processes effectively
and achieve better outcomes.
Achieving quality decisions in
teams requires
attention to process.