Managerial Decision Making - Escalation of Commitment
Not what you're looking for?
Discuss a time when you were involved, either as an individual or as part of a group, in a decision in which escalation of commitment took place. How did you feel about the decision and the escalation? 200-250 words.
Purchase this Solution
Solution Summary
The response addresses the queries posted in 392 words with references. It first discusses escalation of commitment in general before mentioning a more specific example of this.
Solution Preview
//Before writing about the 'Escalation of Commitment' by describing a real situation or incident, it is essential to have knowledge about the main aspect of the concept. One should know about the key concept of Escalation of Commitment, which further will assist in analyzing the situation in an effective manner//
Escalation of Commitment
It is an irrational involvement of a person into making a decision, of continuing a project that has previously failed due to lack of money or time. It is the form of throwing good money into a particular project after the bad. Due to emotions and ego, people do not pull out their ...
Education
- MBA (IP), International Center for Internationa Business
- BBA, University of Rajasthan
Recent Feedback
- "Thank You so much! "
- "Always provide great help, I highly recommend Mr. Sharma over others, thanks again. "
- "great job. I will need another help from you. "
- "first class!"
- "Thank you for your great notes. Will you be willing to help me with one more assignment? "
Purchase this Solution
Free BrainMass Quizzes
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
Accounting: Statement of Cash flows
This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.
Introduction to Finance
This quiz test introductory finance topics.