After Crispy Foods Ltd.had poured millions of dollars into the development of a new machine-made potato chip,the Board of Directors of the food-processing firm fired the CEO who had proposed and championed the product's 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 possible ways that the new CEO at Crispy Foods Ltd.can prevent or minimize this escalation of commitment in the future.Your answer must refer 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,the Board of Directors of the food-processing firm fired the CEO who had proposed and championed the product's 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 possible ways that the new CEO at Crispy Foods Ltd.can prevent or minimize this escalation of commitment in the future.Your answer must refer to this specific incident.