ESCALATING COMMITMENT


Meaning of ESCALATING COMMITMENT in English

[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

Sean Woo's Finance, GIS and real estate English glossary.      Английский глоссарий по ГИС(Географическая информационная система) и недвижимости Sean Woo's Finance.