ABSTRACT Date: 2020-06-09 Level: Bachelor thesis in Business Administration, 15 cr Institution: School of Business, Society and Engineering, Mälardalen University Authors: Axel Andrén Linus Mild (93/09/24) (93/10/19) Title: “What's in motion, remains in motion” - Why losing projects aren’t terminated Tutor: Johan Grinbergs Keywords: Behavioral biases, losing projects, terminate, permissive climate, rationalization Research questions: How does behavioral biases contribute to the continuation of losing projects? What is the general consciousness about the biases within larger organizations and is there any signs of post rationalization of irrational actions? Purpose: The purpose of this study is to identify and examine in what ways behavioral biases cause irrational decision making in larger companies. The study also intends to examine project managers consciousness about these biases and weather any deficiency indicates post-rationalization. Method: This study is based on a qualitative method with a deductive approach where the primary data was collected via semi-structured interviews. The theoretical framework with relevance to the purpose of the study formed an interview guide as well as formed the analysis chapter together with the collected empirical data. The analysis made the basis for the study's conclusion. Conclusion: The behavioral biases are mainly consistent of prestige and sunk costs. The reason for this is can be related to the size of the organization. Other biases are not as evident within larger organizations as these are more apparent in individuals. The consciousness about what impact the behavioral biases have on decisions is found to be low among the respondents. They would like to think of their decisions as rational while we can distinguish behavioral biases causing post rationalization of irrational actions.
| Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:mdh-48485 |
| Date | January 2020 |
| Creators | Andrén, Axel, Mild, Linus, Oscar |
| Publisher | Mälardalens högskola, Akademin för ekonomi, samhälle och teknik, Mälardalens högskola, Akademin för ekonomi, samhälle och teknik |
| Source Sets | DiVA Archive at Upsalla University |
| Language | Swedish |
| Detected Language | English |
| Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
| Format | application/pdf |
| Rights | info:eu-repo/semantics/openAccess |
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