1. The Escalation of Business Commitments
... " so that they still will be viewed as capable and competent to complete the project" (Staw, 1976). In general, the higher the responsibility is for an investment by managers, the higher is the threat of failure for them, as they feel personally responsible for the course of action. The consequence is an increase in a manager's motivation to justify the previous course of action to him. Many managers eliminate this personal conflict ... have revealed, that the loss of a chosen course of action is greater felt than the benefits of the potential reward of the investment. The loss of a high...
- Word Count: 3138
- Approx Pages: 13
- Has Bibliography
- Grade Level: Undergraduate