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Managerial Decision Making in the Concorde Project

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In the 1960s, Britain and France decided to jointly fund and build a supersonic transport that became known as the Concorde. Research the decision to build and fly the supersonic transport Concorde. Then, discuss how the sunk costs and an escalation of commitment affected their decisions. 200-300 words APA

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The response addresses the queries posted in 595 words with references.
//We will discuss the aspect of 'Managerial Decision Making' in this paper, through a case analysis. Managerial Decision Making is very important in any Organization and it has a noteworthy impact on the decisions and the overall performance of the Corporation. Here, we talk about an agreement between France and Britain, who jointly funded a supersonic transport namely Concord and the decision making in the process. First, we start with a brief introduction under the heading of introduction, for example: //

Introduction

Escalation of commitment occurred, when the British Government continued the funding of the 'Concorde' even after it came to know about lack of its feasibility. This decision was a result of the escalation of commitment because even though the Government of Britain knew that is not a viable project however, it carried on with it. The decision to build and fly ...

Solution Summary

The response addresses the queries posted in 595 words with references.

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