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Other Fields Homework Help Management Topic started by: Dwillis on Sep 27, 2017



Title: What is escalation of commitment and what are the reasons why it occurs?
Post by: Dwillis on Sep 27, 2017
What is escalation of commitment and what are the reasons why it occurs?


Title: Re: What is escalation of commitment and what are the reasons why it occurs?
Post by: steele2oo7 on Sep 27, 2017
Escalation of commitment refers to the tendency to invest additional resources to an apparently failing course of action. Rather than accept sunk costs due to a past decision, the decision maker allows them to enter into future decisions in an attempt to recoup them. There are a number of reasons why it occurs including: dissonance reduction; a social norm that favours consistent behaviour by managers; decision makers might be motivated to not appear wasteful; the way that decision makers frame the problem once some resources have been sunk; personality, moods, and emotions can also affect escalation. People high on neuroticism and negative affectivity are less likely to escalate.