Esacalation of commitment Bias

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Escalation of Commitment Bias
In every business management practice, being inconsistent is always one of those
unethical traits that businesses avoid. The term commitment bias is the likelihood that a person
will apply consistency to an action that had already been decided upon. According to the article,
most people have encountered problems when dealing with these issues on an escalation of
commitment. It may be challenging to apply these decisions when the problems faced may
achieve disappointing results (ESCALATION OF COMMITMENT).
When one makes up these decisions, and the results turn out negative, most always
experience critics and maybe de-motivated at the end. These negative answers to past solutions
to events may make the decision makers to be viewed as incompetent. For success, people must
be convinced that the original decisions were very valid and could be used to solve future issues
in an organization. The article also analyses various factors that may lead to the escalation of risk
commitment. Responsibility in a person can be used where an individual solely runs an
organization. It makes them more responsive to the events and obligations that made them make
those decisions than to involve others in decision making. Other factors may include the cost of
resources needed in decision making, the nearness of completion of a particular organizational
plan and the company or the decisions made by a group (ESCALATION OF COMMITMENT).
Application of Commitment Bias
Surname 2
Escalation of commitment bias bears a lot of importance and has been applied to most
company’s managerial systems regardless of its downfalls. For example, in the banking systems,
most managers have used this theory to retain bad and unpaid loans offered to people. They
have applied this theory to the prediction and the avoidance of specific business environments.
Surname 3
Works Cited
"ESCALATION OF COMMITMENT." LinkedIn, 21 Aug. 2015,

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