Escalation of commitment,
Definition of Escalation of commitment:
Tendency to invest additional resources in an apparently losing proposition, influenced by effort, money, and time already invested.
How to use Escalation of commitment in a sentence?
- The CEO made an escalation of commitment when he found out that he was very far behind schedule and wanted to make the goal no matter what, for everything he had already invested.
- The escalation of commitment by ABC Company to sell their hight tech widget was unsuccessful and they abandonded the project 3 months ago.
- In an escalation of commitment , Doc Brown sold off all his robotic arms to keep Delorean afloat for just one more month.
Meaning of Escalation of commitment & Escalation of commitment Definition