Explain Escalation of Commitment

question 44

Essay

Explain escalation of commitment.

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Definitions:

Cultural Change

The modification of a society's cultural patterns, including norms, values, customs, and artifacts, often resulting from factors like technology, environment, and social dynamics.

Survey Feedback

A method used in organizational development where feedback from a survey is used to guide changes and improvements.

Self-Fulfilling Prophecy

A prediction that directly or indirectly causes itself to become true, due to positive feedback between belief and behavior.

Significance Change

Transformations that have a profound impact on the structure, functioning, or wellbeing of a system.