Blamestorming

DEFINITION of 'Blamestorming'

A fusion of the words "blame" and "brainstorming" which is used to describe a meeting where participants determine who is responsible for a particular problem or failure. Blamestorming is essentially the identification of a scapegoat; if the source of the problem was obvious, blamestorming would not be necessary.

BREAKING DOWN 'Blamestorming'

Blamestorming often has more to do with office politics and/or public relations than with actually solving a problem. Instead of productively focusing on how to avoid a similar failure or achieve superior results in the future, blamestorming assigns the fault to one or more individuals, which in a worst-case scenario results in their being fired.

RELATED TERMS
  1. Employer Identification Number ...

    A unique identification number that is assigned to a business ...
  2. Taxpayer Identification Number ...

    A number that is assigned to a tax paying businesses for identification ...
  3. Failure To Deliver

    An outcome in a transaction where one of the counterparties in ...
  4. Specific Identification Inventory ...

    A method of keeping track of all items in an inventory. Specific ...
  5. Death By A Thousand Cuts

    A failure that occurs as a result of many smaller problems. Death ...
  6. Problem Loan Ratio

    A ratio in the banking industry that denotes the percentage of ...
Related Articles
  1. Investing

    Tech Startups Invest in Fusion Technology

    Significant strides have recently been made in fusion power. The end goal remains net energy production and useful ignition. While no single approach has succeeded, new innovative strategies ...
  2. Entrepreneurship

    5 Warnings Signs of Risk for a Small Business

    Learn how to keep on the lookout for these five potential warning signs of risk that your small business is stalling out or failing.
  3. Economics

    What is Market Failure?

    Market failure happens when economic conditions cause a market to be unable to reach supply/demand market equilibrium.
  4. Trading Systems & Software

    What Is A Trader's Worst Nightmare?

    A little preparation will make sure you protect your trading space from everyday
  5. Entrepreneurship

    How To Keep Your Small Business Afloat During Hard Times

    If an economic storm has your business taking on water, we have some tips for bailing yourself out.
  6. Professionals

    What is a SWOT Analysis?

    SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. SWOT analysis is a management tool used to identify strategies for success. It may be used to guide individual thinking, group ...
  7. Investing Basics

    Is a Rate Hike Already Priced Into the Market?

    Is the recent selloff in equities related to the Fed's probable interest rate hike, or are problems bigger than the Fed wants us to believe?
  8. Trading Strategies

    Bucking The Trend With Pattern Failure Strategies

    The best trade could be in the opposite direction when a classic price pattern doesn't behave according to ideal rules.
  9. Mutual Funds & ETFs

    Major Blunders In Portfolio Construction

    Do you have the best mix of investments? Find out how to make sure.
  10. Entrepreneurship

    5 Key Steps to Start Your Own Small Business

    Understand what a small business is and what it takes to build one. Learn about the five key steps needed to start a small business.
RELATED FAQS
  1. How is a market failure corrected?

    Find out how to think about market failures, how they tend to be corrected and different proposals about the best way to ... Read Answer >>
  2. How can minimum wages contribute to a market failure?

    See why minimum wage laws create a market failure among low-productivity workers by making it illegal for companies to hire ... Read Answer >>
  3. Why is investing in oil and gas in emerging markets riskier than investing in developed ...

    Discover some of the potential problems associated with oil and gas investments in emerging market countries that tend to ... Read Answer >>
  4. What is the difference between systemic risk and systematic risk?

    Systemic risk is generally used in reference to an event that can trigger a collapse in a certain industry or economy, whereas ... Read Answer >>
  5. How is a market failure prevented with regard to public goods?

    Read about the development of public goods theory in economics, how it conceptualized market failure and later critiques ... Read Answer >>
  6. What are the different sources of business risk?

    Explore the various sources of business risk for companies and learn how critical risk management is to a company's financial ... Read Answer >>
Hot Definitions
  1. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  2. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
  3. Weighted Average Cost Of Capital - WACC

    Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is ...
  4. Basis Point (BPS)

    A unit that is equal to 1/100th of 1%, and is used to denote the change in a financial instrument. The basis point is commonly ...
  5. Sharing Economy

    An economic model in which individuals are able to borrow or rent assets owned by someone else.
  6. Unlevered Beta

    A type of metric that compares the risk of an unlevered company to the risk of the market. The unlevered beta is the beta ...
Trading Center