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After reading about irrational escalations of commitment (Ch. 6), study Wikipedia’s two entries for: Lock-in (decision making) http://en.wikipedia.org/wiki/Lock-in_(decision-making) Progress trap http://en.wikipedia.org/wiki/Progress_trap Consider how these two phenomena occur in modern society, particularly in commerce, like macro-level escalations of commitment. For both, insightfully describe a novel instance of these occurring in current events in business. Discuss how knowledge derived from this course may help you to deal with such situations better than average managers

After reading about irrational escalations of commitment (Ch. 6), study Wikipedia’s two entries for:
Lock-in (decision making) http://en.wikipedia.org/wiki/Lock-in_(decision-making)
Progress trap http://en.wikipedia.org/wiki/Progress_trap

Consider how these two phenomena occur in modern society, particularly in commerce, like macro-level escalations of commitment.
For both, insightfully describe a novel instance of these occurring in current events in business.
Discuss how knowledge derived from this course may help you to deal with such situations better than average managers

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