"The teams needed to tackle these challenges should be small and authorized with the decision-making ability to move and act like Navy SEALs or the Army's Delta Force."
"When a task is only 1% of a person's job, you don't get the same results as when everyone is 100% focused on the same objective."
"Science mostly backs up this theory. More than 100 years ago, French agricultural engineer Max Ringelmann discovered that an individual pulled a rope with more force alone than they did in a group."
"The researchers argued this psychological tendency comes about because people assume their teammates aren't trying hard, they set lower personal goals when help is available, and they feel less individual accountability."
Jamie Dimon emphasizes the importance of small teams in addressing challenges at JPMorgan Chase. He argues that dedicated teams can tackle issues more effectively than larger groups. Dimon compares these teams to elite military units, highlighting their decision-making authority. He notes that when tasks are only a small part of an individual's job, results suffer. Historical studies support this view, showing that individual effort decreases in larger groups due to social loafing, where individuals rely on others to contribute.
Read at Fortune
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