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Escalation in Decision-Making: The Tragedy of Taurus

Author

Listed:
  • Drummond, Helga

    (University of Liverpool)

Abstract

Getting organizations going is one thing. Stopping them is another. This book examines how and why organizations become trapped in disastrous decisions. The focal point is Project Taurus, an IT venture commissioned by the London Stock Exchange and supported by numerous City Institutions. Taurus was intended to transform London's antiquated manual share settlement procedures into a state of the art electronic system that would be the envy of the world. The project collapsed after three year's intensive work and investments totalling almost L500 million. This book is an in depth study of escalation in decision making. The author has interviewed a number of people who played a key role and presents a most readable account of what actually happened. At the same time she sets the case in the broader literature of decision making.

Suggested Citation

  • Drummond, Helga, 1996. "Escalation in Decision-Making: The Tragedy of Taurus," OUP Catalogue, Oxford University Press, number 9780198289531.
    • Handle: RePEc:oxp:obooks:9780198289531
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    Cited by:

    1. Cusin, Julien & Passebois-Ducros, Juliette, 2015. "Appropriate persistence in a project: The case of the Wine Culture and Tourism Centre in Bordeaux," European Management Journal, Elsevier, vol. 33(5), pages 341-353.
    2. Pan, Shan Ling & Pan, Gary S.C. & Newman, Michael & Flynn, Donal, 2006. "Escalation and de-escalation of commitment to information systems projects: Insights from a project evaluation model," European Journal of Operational Research, Elsevier, vol. 173(3), pages 1139-1160, September.
    3. Susan Scott & Nicholas Perry, 2012. "The enactment of risk categories: The role of information systems in organizing and re-organizing risk management practices in the energy industry," Information Systems Frontiers, Springer, vol. 14(2), pages 125-141, April.
    4. Eun Hee Kim & Yongtae Park, 2007. "Prediction of IS Project Escalation Based on Software Development Risk Management," Journal of Information & Knowledge Management (JIKM), World Scientific Publishing Co. Pte. Ltd., vol. 6(02), pages 153-163.
    5. Audley Genus & Anne-Marie Coles, 2006. "Firm Strategies For Risk Management In Innovation," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 10(02), pages 113-126.
    6. Julien Cusin & Juliette Ducros-Passebois, 2015. "Appropriate persistence in a project: The case of the Wine Culture and Tourism Centre in Bordeaux," Post-Print hal-03240447, HAL.
    7. Ashby H. B. Monk, 2008. "The Knot of Contracts: The Corporate Geography of Legacy Costs," Economic Geography, Clark University, vol. 84(2), pages 211-235, April.

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