Cutting Your Losses: How to Avoid the Sunk Cost Trap

Michael A. Roberto

商品編號：9B09TF03
出版日期：2009/01/11
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商品主題：General Management/Strategy
商品類型：Article
涵蓋議題：Management Decisions;Volatility
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內容長度：10 頁
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If at first you don't succeed, give up, is the road less travelled for leaders who continue to spend money on an acquisition they made -even though the acquisition is clearly not working out. But why, as this author asks, don't we actually strive to create an organizational climate that makes admitting and learning from mistakes as valued as persistence and perseverance? Below, he describes four steps that can make it easy for leaders to cut their losses and save face.

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