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Escalation in Decision-Making The Tragedy of Taurus by Helga Drummond

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Published by Oxford University Press, USA .
Written in English


Book details:

The Physical Object
Number of Pages286
ID Numbers
Open LibraryOL7399119M
ISBN 100198289537
ISBN 109780198289531

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Written in the context of theories of decision-making, the book both tells an absorbing story and adds to our understanding of decision escalation. Product Details Table of ContentsPrice: $ Taurus was intended to transform London's antiquated manual share settlement procedures into a state of the art electronic system that would be the envy of the world. The project collapsed after three years of intensive work and investments totalling almost million pounds. This book is an in-depth study of escalation in decision : Helga Drummond.   Escalation in Decision-Making reveals why social scientists believe that owners may not respond rationally to such predicaments. Instead of exiting when the odds are clearly stacked against them, they re-invest and end up compounding their losses - a phenomenon known as escalation of by: 4. ‎When a venture seems to be faltering, do you persist and hope that things will get better or do you cut your losses? This may be one of the most important decisions business or project owners may ever have to make. Persistence involves the risk of .

  The book is an absorbing study of what the author calls 'escalation' in decision-making-'persistence with a decision well beyond the point where a sensible person would give it up'. Such things can happen in any organization on any project, although some may claim that it happens disproportionately often with major IT : Helga Drummond. Escalation in Decision-Making: The Tragedy of Taurus. Escalation in Decision-Making: The Tragedy of Taurus. Escalation in Decision-Making: The Tragedy of Taurus. Synopsis. This book describes the Taurus project--a #m project to automate settlement systems on the London Stock Exchange. Begun in , it was eventually abandoned in The paper illustrates the phenomena of escalation of commitment in static and in deterioration‐in‐motion. Findings – For the recovery from an errant path, awareness is of the essence and a constant awareness of the organization's chances and pitfalls would be. The choices were ‘‘Yes,’’ ‘‘No,”’ and “‘Can’t Decide.’’ In the experimental conditions, a ‘‘Yes’’ response is tantamounttoa decision to escalate commitment to a losing course of. action. This variable measures the frequency with which the escalation. option is preferred overthe project abandonmentoption.

three more case studies of failures (and one vignette), again interspersed with analysis. Escalation research is like building a mosaic (Weick discusses this point). Each case. adds a piece of insight that contributes towards the bigger : Bernardo Batiz-Lazo. The Hardcover of the The Politics of International Crisis Escalation: Decision-Making Under Pressure by Robinson at Barnes & Noble. FREE. Due to COVID, orders may be delayed. Thank you for your patience. Book Annex Membership Educators Gift Cards Stores & . This book describes the Taurus enterprise–a £m enterprise to automate settlement strategies on the London Stock Commerce. Begun in , it was finally abandoned in the book every tells an absorbing story and offers to our understanding of willpower escalation. How to Download Escalation in Decision-Making: The Tragedy of Taurus. This book describes the Taurus project--a £m project to automate settlement systems on the London Stock Exchange. Begun in , it was eventually abandoned in Escalation in Decision-Making - Helga Drummond - Oxford University Press.