Podcast # 29: “Irrationality in organizations” from Business Rhythm with Frank & Jamie

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From Business Rhythm with Frank & Jamie – “Consider the following: In a well-known pharmaceutical company, a potential medicine has been going through clinical trial for five years. After the company spent more than $300 million, the testing has shown clear signs of going nowhere. But instead of closing the project to cut the losses, the project’s champion, a vice president, decided to continue the clinical trial.”

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