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Author: Helga Drummond Publisher: CRC Press ISBN: 1317141695 Category : Business & Economics Languages : en Pages : 215
Book Description
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 throwing good money (or resources) after bad, but owners may feel they have too much invested to quit now. 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 commitment. The authors, Helga Drummond and Julia Hodgson, also introduce the concept of entrapment, a variation whereby decision-makers passively drift towards insolvency as the cost of changing direction becomes too high. So: · what drives escalation? · why do some owners quit whilst others persist until the bailiffs arrive? · what can we learn from owners' mistakes? · what makes newcomers believe they can succeed where others are conspicuously failing? These questions of behavioural economics are answered using a narrative that analyses decisions made by market traders facing economic extinction. Many highly successful entrepreneurs started their careers in markets - it was once an almost guaranteed route to prosperity - now market traders are struggling to survive. Although the market traders featured are small entrepreneurs, the ubiquitous phenomenon of escalation at the heart of these stories is widely relevant to practitioners such as project managers in large organizations and to those responsible for managing risk in many situations. Rich in case studies involving real business decisions and dilemmas, Escalation in Decision-Making provides an accessible introduction to the application of theory against a background of growing interest in behavioural economics, now being researched and taught in univ
Author: Carlo D'Este Publisher: Harper Collins ISBN: 0061942472 Category : History Languages : en Pages : 0
Book Description
Fatal Decision is a powerful, dramatic, moving, and ultimately definitive narrative of one of the most desperate campaigns of World War II. In the winter of 1943-44, Anzio, a small Mediterranean resort and port some thirty-five miles south of Rome, played a crucial role in the fortunes of World War II as the target of an amphibious Allied landing. The Allies planned to bypass the strong German defenses along the Gustav Line and at Monte Cassino sixty miles to the southeast, which were holding up the American and British armies and preventing the liberation of Rome. By taking advantage of Allied command of the sea and air to effect complete surprise, infantry and armored forces landing at Anzio on January 22 were expected to secure the beachhead and then push inland to cut off the two main highways and railroads supplying the German forces to the south, either trapping and annihilating the German armies or forcing them to withdraw to the north, thus opening the way to Rome. But the reality of one of the most desperate campaigns of World War II was bad management, external meddling, poorly relayed orders, and uncertain leadership. The Anzio beachhead became a death trap, with Allied troops forced to fight for their lives for four dreadful months. The eventual victory in May 1944 was muted, bitter, and overshadowed by the Allied landings in Normandy on June 6. Mixing flawless research, drama, and combat with a brilliant narrative voice, Fatal Decision is one of the best histories ever written of a World War II military campaign.
Author: Ian Kershaw Publisher: Penguin UK ISBN: 0141915048 Category : History Languages : en Pages : 596
Book Description
In 1940 the world was on a knife-edge. The hurricane of events that marked the opening of the Second World War meant that anything could happen. For the aggressors there was no limit to their ambitions; for their victims a new Dark Age beckoned. Over the next few months their fates would be determined. In Fateful Choices Ian Kershaw re-creates the ten critical decisions taken between May 1940, when Britain chose not to surrender, and December 1941, when Hitler decided to destroy Europe’s Jews, showing how these choices would recast the entire course of history.
Author: Ted Tayler Publisher: Independently Published ISBN: Category : Languages : en Pages : 192
Book Description
Gus Freeman is 61 years old. The retired Detective Inspector lives in a village on the outskirts of a West Country town that lies approximately ten miles from the Roman city of Bath. Freeman has spent the past three years tending his allotment. As he surveys his handiwork sitting outside his garden shed, he ponders his night-time reading. He's a fan of Kierkegaard, the existentialist philosopher. Freeman's wife, Tess, died from a brain aneurysm six months to the day after his retirement. He is still coming to terms with his enforced solitary existence. His old boss wants Gus to head up a Crime Review Team investigating cold cases. The trips to the allotment would get curtailed. Old witness statements and fresh clues would cloud his thoughts. The hunt would be on. Freeman wonders whether his superiors need his old-style methods. Is the request out of pity; to occupy his mind with fruitless digging into cases their best young brains failed to crack? Gus can't resist the chance to enter the fray for one last hurrah. In this first case, the team tackle the brutal murder of Daphne Tolliver in June 2008. The sixty-eight-year-old widow was walking her dog, Bobby in woodland close to her home. Despite the efforts of detectives at the time they never identified a single suspect. A reconstruction of Daphne's last known moments on TV five years later yielded nothing. Gus Freeman and his new team appear to have a tough nut to crack for their first case. "It's a mystery that will keep you wondering, with the usual wide array of characters to enjoy that give Tayler's novels their stamp."
Author: Robin Cook Publisher: Penguin ISBN: 1101664169 Category : Fiction Languages : en Pages : 464
Book Description
Public health care is one of the most important issues in America today. Now Robin Cook, the bestselling master of medical suspense, confronts this controversial subject with an all-too-possible scenario as powerful--and terrifying--as his groundbreaking blockbuster, Coma...With its state-of-the-art facility and peaceful Vermont setting, the Bartlet Community Hospital seemed like a dream come true. It offered doctors David and Angela Wilson new career opportunities, a chance to work within an enlightened system of "Managed care" --and a perfect place to raise their daughter, who suffered from cystic fibrosis. But then, one by one, their dreams turned to nightmares. And day by day, their patients began to die...
Author: Roddy Boyd Publisher: John Wiley & Sons ISBN: 0470889802 Category : Business & Economics Languages : en Pages : 372
Book Description
Long-listed for the FT & Goldman Sachs Business Book of the Year Award 2011 The true story of how risk destroys, as told through the ongoing saga of AIG From the collapse of Bear Stearns and Lehman Brothers, the subject of the financial crisis has been well covered. However, the story central to the crisis-that of AIG-has until now remained largely untold. Fatal Risk: A Cautionary Tale of AIG's Corporate Suicide tells the inside story of what really went on inside AIG that caused it to choke on risk and nearly brining down the entire economic system. The book Reveals inside information available nowhere else, including the personal notes and records of key players such as the former Chairman of AIG, Hank Greenberg Takes readers behind the scenes at the U.S. Treasury and the Federal Reserve Bank of New York Details how an understanding of risk built AIG, but a disdain for government regulators led to a run-in with New York State Attorney General Eliot Spitzer Fatal Risk is the comprehensive and compelling true story of the company at the center of the financial storm and how it nearly caused the entire economic system to collapse.
Author: Helga Drummond Publisher: CRC Press ISBN: 1317141695 Category : Business & Economics Languages : en Pages : 215
Book Description
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 throwing good money (or resources) after bad, but owners may feel they have too much invested to quit now. 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 commitment. The authors, Helga Drummond and Julia Hodgson, also introduce the concept of entrapment, a variation whereby decision-makers passively drift towards insolvency as the cost of changing direction becomes too high. So: · what drives escalation? · why do some owners quit whilst others persist until the bailiffs arrive? · what can we learn from owners' mistakes? · what makes newcomers believe they can succeed where others are conspicuously failing? These questions of behavioural economics are answered using a narrative that analyses decisions made by market traders facing economic extinction. Many highly successful entrepreneurs started their careers in markets - it was once an almost guaranteed route to prosperity - now market traders are struggling to survive. Although the market traders featured are small entrepreneurs, the ubiquitous phenomenon of escalation at the heart of these stories is widely relevant to practitioners such as project managers in large organizations and to those responsible for managing risk in many situations. Rich in case studies involving real business decisions and dilemmas, Escalation in Decision-Making provides an accessible introduction to the application of theory against a background of growing interest in behavioural economics, now being researched and taught in univ
Author: Helga Drummond
Author: Terri Arthur
Author: Carlo D'Este
Author: Kathy Reichs
Author: Ian Kershaw
Author: Ted Tayler
Author: Robin Cook
Author: Roddy Boyd
Author: Helga Drummond
Author: T. K. Wolf
Author: B. M. W. Grautoff