Risk, commitment, and project abandonment
Journal of Business Ethics · 1991 · Volume 10 · Issue 2
Abstract
This article deals briefly with the most loathsome of business topics — the admission of failure. Rather than actively encouraging project “Anti-champions”, many organizations experiencing financial duress inadverdently stifle opposing opinion. In some cases recognition is delayed until it is too late. This is unfortunate since failure can be managed like any other business situation. Companies with CEOs that foster open communications between finance and operations are more likely to avoid escalating commitment to failed projects.
Keywords
Economic Growth, Open Communication, Business Situation, Failed Project, Business Topic
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