1. The Escalation of Business Commitments
As a graduate we need to find the right job, with which we earn enough money to cover all our expenditures, but which will still be satisfying our expectations. ... Definition of the Phenomenon First, the escalation of commitment appears, when a person decides to continue dedicating resources (including time and money) to a failing course of action (Mayur S., 2009). ... Sometimes it is simply to feel that if we continue on a course of action, we can lose the money and time already committed to that decision. ... Hence increasing the cost of the project and making it much harder to quit our com...
- Word Count: 3138
- Approx Pages: 13
- Has Bibliography
- Grade Level: Undergraduate