Changes needed to adapt to environmental changes:
A)are easier in established organizations because of inertiA.
B)can be avoided by late entry.
C)are more difficult because of the entrepreneur's tendency to escalate commitment.
D)don't affect smaller organizations.

Question

Quizplus · Accepted Answer

The entrepreneur's tendency to escalate commitment refers to a situation where an entrepreneur invests more resources in a failing venture in the hope of turning it around. This can make it difficult for entrepreneurs to adapt to environmental changes because they may be reluctant to abandon their initial strategy. Late entry, established organizations, and size do not determine the ease of adapting to environmental changes.

Changes Needed to Adapt to Environmental Changes