Costly process: Consensus decision-making can be resource-intensive, requiring team members to spend a lot of time and effort. This can translate into higher operational costs for the organization.

Adopting a structured decision-making structure can help balance consensus with agility. Techniques such as the Bain & Co., Rapid Decision Making process would be recommended.

The World Trade Organisation suffered a setback at its General Council meeting in Geneva on Wednesday after a small group of ...

Move toward more objective, accurate and timely decision-making. The key is to balance experience, intuition and power with discipline, process and methods.

But given today’s pressure to drive consensus, suppliers that don’t align the two functions as a single team will be trounced by those who do. HBR Reprint R1503H SKIP TO CONTENT ...

Consensus decision-making is a group decision making process that seeks the consent of all participants. Consensus may be defined professionally as an acceptable resolution, one that can be ...