£127.62

Routledge - Escalation in Decision-Making Book

Name: Routledge - Escalation in Decision-Making Book
Brand: Routledge
Price: 127.62 GBP
Availability: InStock

Anthropology & Sociology

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Description

When a business venture begins to falter, leaders face a difficult choice: do you persist in hopes of improvement, or do you cut your losses? This decision is one of the most significant challenges project owners ever encounter. Escalation in Decision-Making explores the psychological patterns behind these high-stakes choices. This book examines why individuals often fail to respond rationally when faced with failing projects. Instead of exiting when the odds are against them, many owners continue to re-invest, often throwing good money after bad. By studying these behaviors through the lens of social science, this text explains how people end up compounding their losses rather than protecting their resources. Understand the mechanics of why people feel they have too much invested to quit. This work provides insight into the behavioral economics that drive decision-making in business environments, helping to explain the tendency to re-invest in losing ventures.

Key Features

Explores the psychological reasons why owners may not respond rationally to failing business ventures.

Examines the risks of throwing good money or resources after bad during project management.

Provides insight into why individuals re-invest in failing projects instead of exiting when odds are stacked against them.

Analyzes the tendency for decision-makers to compound losses through continued investment.

Offers a social science perspective on the complex choices faced by business and project owners.

Product Specifications

Brand: Routledge
Format: hardcover
ASIN: 1409402363
Category: Books > Subjects > Biography > Medical, Legal & Social Sciences > Anthropology & Sociology
Domain: Amazon UK
Release Date: 28 April 2011
Listed Since: 03 December 2010

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Routledge - Escalation in Decision-Making Book

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