After Crispy Foods Ltd.had poured millions of dollars into the development of a new machine-made potato chip (a product that appeared to be a failing endeavor early in the development process), the Board of Directors of the food-processing firm fired the CEO who had proposed and championed the product's continued development.The new CEO's first task is to find out why this monumental waste of money had occurred and how it can be prevented in the future.Describe two procedures that the new CEO at Crispy Foods Ltd.can implement that will prevent or minimize this type of escalation of commitment in the future.Be sure to write your referring to this specific incident.

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The Answer of After Crispy Foods Ltd.had poured millions of dollars into the development of a new machine-made potato chip (a product that appeared to be a failing endeavor early in the development process), the Board of Directors of the food-processing firm fired the CEO who had proposed and championed the product's continued development.The new CEO's first task is to find out why this monumental waste of money had occurred and how it can be prevented in the future.Describe two procedures that the new CEO at Crispy Foods Ltd.can implement that will prevent or minimize this type of escalation of commitment in the future.Be sure to write your referring to this specific incident.