Perpetuating the status quo: Managers may base decisions on what has worked in the past and fail

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Perpetuating the status quo: Managers may base decisions on what has worked in the past and fail to explore new options, dig for additional information, or investigate new technologies. For example, DuPont clung to its cash cow, nylon, despite growing evidence in the scientific community that a new product, polyester, was superior for tire cords.

Celanese, a relatively small competitor, blew DuPont out of the water by exploiting this new evidence, quickly capturing 75 percent of the tire market.

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Understanding Management

ISBN: 1585

5th Edition

Authors: Richard L. Daft, Dorothy Marcic

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