search query: @indexterm VENTURE MANAGEMENT / total: 138
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| Author: | Drummond, H. |
| Title: | Too little too late: a case study of escalation in decision making |
| Journal: | Organization Studies
1994 : VOL. 15:4, p. 591-607 |
| Index terms: | DECISION MAKING VENTURE MANAGEMENT STRATEGY |
| Language: | eng |
| Abstract: | This study examines a city council's persistence with a failing department over a five-year period. The case is an example of escalation of commitment where decision-makers inherit a previously unsuccessful and long established decision as distinct from involvement in an ad hoc venture. It is concluded that the pressures to escalate in established decisions are different from those previously observed in ad hoc ventures. Escalation in established decisions is cyclical, alternating between structural and social pressures. |
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