Beyond The Hedge Fund Industry,

Does working in team ups make people less clear to outside input? How can social comparisons undermine trustingness in working relationships? How do the training and technical familiarity entrepreneurs take from previous employers imp pretend the success of their new ventures? Wharton prof Jennifer Mueller and lecturer Julia Minson, and professors Maurice Schweitzer and Evan Rawley, respectively, examine these issues, and what they mean for business, in recent explore papers.

Confidences Cost to Collaboration

The corporate formula for innovation often focuses on creating a team of experts to cook up the next huge thing. Groups of managers -- typically composed of individuals from a variety of fields, including engineering, marketing and operations -- band together to develop new products or operate that can create top-line get under ones skinth. In a recent paper, Wharton anxiety professor Jennifer Mueller and Wharton lecturer Julia Minson looked at the dark side of teamwork -- the list of those groups to become insular and less efficient as they grow in complexity.

In The Cost of Collaboration: Why vocalise Decision-making Exacerbates Rejection of Outside Information, Minson and Mueller found that people working in pairs were to a greater extent likely to dismiss outside input than individuals working alone.



Mueller says this hesitation to incorporate information from outside the team can be a major problem. Any time a team creates something novel, this decision to integrate information from the outside is key to their success, she says. You dont provide unless there is a manager on the outside who thinks what you ar doing should be funded. If you are resistant to their input, that is a huge disadvantage.

As outlined in the paper, there are reasons to expect that the act of teaming up would make people either more or less receptive to factoring outside information into their decisions. Individuals [might] boney peer input because they are overly attached to their own...If you require to get a full essay, order it on our website: Orderessay



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