Escalation in Decision-Making: The Tragedy of Taurus

Hardcover | April 30, 1999

byHelga Drummond

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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.

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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 antiqua...

From the Jacket

Getting projects going is one thing. Stopping them is another. This book examines how and why organizations become ensnared in disastrous decisions. The focal point is Taurus, the now notorious IT venture commissioned by the London Stock Exchange. Taurus was intended to replace London's antiquated share settlement procedures with a sta...

Helga Drummond is a Senior Lecturer, Institute of Public Administration and Management at University of Liverpool.

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Format:HardcoverDimensions:286 pages, 8.5 × 5.43 × 0.79 inPublished:April 30, 1999Publisher:Oxford University Press

The following ISBNs are associated with this title:

ISBN - 10:0198289537

ISBN - 13:9780198289531

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...an enjoyable book to read, and you will learn a lot from it. - Daniel Read. Journal of Behavioural Decision Making. vol 11. 1998