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Definition Of:

escalating commitment

Bible DictionarySean Woo's Real Estate Dictionary
[organizational behavior] throwing more good resources into a proven bad project, always an action of a manager for proving his original decisions are right
Note: escalating commitment is an example of nonrational decision making.
eg: President Lyndon Johnson's decisions during the Vietnam war: Despite bombing North Vietnam was no use for the war, his decision was to increase the rate of bombing

 

Real Estate INDEX:

List of Terms: Terms beginning with "A", Page 1

A B C D E F G H I J K L M N O P Q R S T U V W Z
1 2 3 4 5 6

A: Page 1 of 6.

ABSTRACT
ACCELERATION CLAUSE
ACCRETION
ACKNOWLEDGEMENT
ACRE
ADDENDUM
ADJUSTABLE RATE MOR...ADJUSTMENT INTERVAL
ADMINISTRATOR
ADVERSE POSSESSION
AGENCY
AGREEMENT

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