Business Research for Decision Making

You and your co-workers had an in-depth discussion about nonrational escalation of commitment. Use your best communication techniques to discuss the following questions: Identify the possible original decisions, the person(s) who could make it, and the person(s) who may escalate the commitment to that decision.

    * Describe the circumstances that led to the commitment being escalated
    * Where do you think the nonrational escalation of commitment may occur?
    * Explain why the escalation is nonrational
    * Discuss the impact of this escalation of commitment.