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Escalation in Decision-Making
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Escalation in Decision-Making: The Tragedy of Taurus

Helga Drummond

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 years of intensive work and investments totalling almost 500 million pounds. This book is an in-depth study of ... More

Keywords: decisions, Project Taurus, IT, London Stock Exchange, City Institutions, London, escalation, decision making

Bibliographic Information

Print publication date: 1996 Print ISBN-13: 9780198289531
Published to Oxford Scholarship Online: October 2011 DOI:10.1093/acprof:oso/9780198289531.001.0001

Authors

Affiliations are at time of print publication.

Helga Drummond, author
University of Liverpool