article thumbnail

Why You Should Care About The Revenue Forecast

The Idolbuster

The President and CFO were hungry for revenue growth, and via a process that sounds a lot like groupthink, the executive team convinced themselves that “we should be able to make $10M on this product this year.” Bad management? But “ready for customers” is exactly what the CEO wanted to hear. Sounds like it.

article thumbnail

Three Times You Have to Speak Up

Harvard Business Review

The CEO and CFO were marching through their 112-slide presentation. It happened during the Kennedy Administration's Bay of Pigs fiasco when " groupthink " carried the day. It was said of Abbot Agatho that for three years he carried a stone in his mouth until he learned to be silent.

Merton 15