Asked by DYLAN HOLLOWAY on Jun 18, 2024
Verified
Escalation of commitment refers to committing more and more resources to a failing course of action.
Escalation Of Commitment
The tendency to invest additional resources in an apparently failing course of action.
- Understand escalation of commitment, its causes, and effects.
Verified Answer
CM
Chugh MannuJun 20, 2024
Final Answer :
True
Explanation :
Escalation of commitment is a phenomenon where individuals or organizations continue to invest time, money, or effort into a decision or action that is failing, in the hope of reversing the negative outcome, rather than cutting their losses.
Learning Objectives
- Understand escalation of commitment, its causes, and effects.