How Does the Concept of "Escalation of Commitment" Explain Why

question 49

Essay

How does the concept of "escalation of commitment" explain why decision makers tend to stick with losing ventures?

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Definitions:

Task Difficulty

Task Difficulty refers to the level of challenge presented by a task, which can significantly influence performance and outcome.

Group Size

Refers to the number of individuals forming a social or organizational group, affecting dynamics such as communication, cohesion, and decision-making.

Obedience

The act of following orders or commands from authorities or rules, often considered a social virtue or necessity for societal organization and function.

Compliance

The act of conforming to or following rules, standards, or laws.