This paper explores a phenomenon known as entrapment. Entrapment refers to situations where people become “locked into” decisions through the passage of time as distinct from actively re‐investing in failing projects. The present study examines Becker’s so called “side bets” theory...

Examines a case study of an unsuccessful employment decision. Explains that although it was apparent soon after the appointment that the employee’s performance fell short of expectations, the employer (a lone trader responsible only to himself), persisted with the appointment for over a year,...

TQM creates a dilemma for organizations. The dilemma is that TQM implies increased employee responsibility at shopfloor level. Increased responsibility traditionally equates with increased pay. The TQM gurus however advise that monetary rewards are likely to prove counterproductive. Analyses the...