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Describe the Concept of Escalating Commitment

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Essay

Describe the concept of escalating commitment. Explain why escalating commitment can occur.


Definitions:

Firm's Competitive Advantage

The unique attributes or capabilities that enable a business to outperform its competitors and achieve superior margins.

Organizational Goals

The objectives or targets that an organization aims to achieve, which guide its strategic planning and operations.

Strategic Framework

An overarching plan or structure that outlines an organization's strategy, including its goals, principles, and approaches to achieving its objectives.

Structural Variables

Factors that define the organizational structure, such as departmentalization, chain of command, span of control, and centralization or decentralization.

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