escalation of commitment
Summary / Abstract
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The investigation was done by ____________________
The main findings were that ______________________
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The recommendations are that _______should be ______
Contents Page
Literature Review
The theoretical background to this paper is devided into several part in the main body. Drummond (2012), Bazerman &Moore(2009), Staw & Ross (1987) Escalation of commitment is the tendency that decision maker continue to invest a negative feedback or unpredictable project in oreder to persist previous decision.(self-justification explanation) Shepherd, D.A., Zacharakis, A. L., Cable,D.M. and Shane, S. . Etc., stated Escalation of commitment is an difficult situation that require decision maker to make a right decision for next course of action when received negative feedback about previous decision because there are too many factors can influence decision making. Staw B.M., Koput K.W. & Barsade S.G.,. (1997) that there are e 4 main causes of escalation of commotion, Psychological, Social, Economic and Organizational.
Background
Britain’s High Speed 2 (HS2) project has becoming more and more controversial today. Greening (2013) said this national high-speed rail network project has included 3 phase, the first railway network phase will run between London and Birmingham. The running speed will be around 250 MPH, which will save one and half hour journey time when compare to normal train. Phase 2 will extend line from Birmingham to Manchester and Leeds. BBC and greening (2013) has also announced that the estimated cost for this high-speed railway has reached about 42.6 bn. The UK government also stated that there are huge benefit will be returned, such as, economic growth, creating jobs, increasing national competitiveness etc.. However there
This study was to ______________________________
It was requested by ____________________________
It was requested on (date).
The investigation was done by ____________________
The main findings were that ______________________
It was concluded that __________________________
The recommendations are that _______should be ______
Contents Page
Literature Review
The theoretical background to this paper is devided into several part in the main body. Drummond (2012), Bazerman &Moore(2009), Staw & Ross (1987) Escalation of commitment is the tendency that decision maker continue to invest a negative feedback or unpredictable project in oreder to persist previous decision.(self-justification explanation) Shepherd, D.A., Zacharakis, A. L., Cable,D.M. and Shane, S. . Etc., stated Escalation of commitment is an difficult situation that require decision maker to make a right decision for next course of action when received negative feedback about previous decision because there are too many factors can influence decision making. Staw B.M., Koput K.W. & Barsade S.G.,. (1997) that there are e 4 main causes of escalation of commotion, Psychological, Social, Economic and Organizational.
Background
Britain’s High Speed 2 (HS2) project has becoming more and more controversial today. Greening (2013) said this national high-speed rail network project has included 3 phase, the first railway network phase will run between London and Birmingham. The running speed will be around 250 MPH, which will save one and half hour journey time when compare to normal train. Phase 2 will extend line from Birmingham to Manchester and Leeds. BBC and greening (2013) has also announced that the estimated cost for this high-speed railway has reached about 42.6 bn. The UK government also stated that there are huge benefit will be returned, such as, economic growth, creating jobs, increasing national competitiveness etc.. However there
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