1. The Escalation of Business Commitments
Or should he continue with his chosen path and hope for the best? Researches have found a tendency of decision makers to "escalate commitment" to the previously chosen plan of actions, even when evidence suggests that continuing with this course is irresponsible and might lead to a high loss of investment (Bazerman and Moore, 2009). ... Hence, they are less attentive to see evidence that their chosen path is misleading. ... Scientific studies have revealed, that the loss of a chosen course of action is greater felt than the benefits of the potential reward of the investment. ... H...
- Word Count: 3138
- Approx Pages: 13
- Has Bibliography
- Grade Level: Undergraduate