Darren Ferguson blasted Peterborough's latest display but vowed not to walk away, while Stale Solbakken hailed his Wolves side.
Ferguson saw his rock-bottom side slump to a seventh successive league defeat as their worst ever start to a season showed no sign of letting up with a 2-0 reverse against Wolves.
Upwardly mobile Wolves breezed to victory thanks to Sylvain Ebanks-Blake's first-half penalty and a late clincher from summer signing Bjorn Sigurdarson, who notched his first goal in English football.
A third win in six days lifts Wolves up into the top six as they step up their chase for an immediate return to the Premier League, but for Ferguson the outlook is very different.
"This was another poor, poor performance, particularly in the first half," Ferguson said.
"I thought we would have a lot more energy and tempo to our play then we did.
"I was embarrassed by what I saw.
"We gave away two more dreadful goals and that has been the story of our season.
"Everyone knows the situation we are in and it is up to us to do something about it.
"I've had enough time to look at things and now need to make some big decisions. I know what I need to do in the next week to try and turn things around.
"The easiest thing for me would be to walk away, but I've never walked away from anything. I've not got that in me."
Wolves boss Solbakken was delighted with the way his side performed, even if he felt it was a bit too close for comfort towards the end.
He said: "I'm very pleased with how the last few days have gone.
"We did an excellent job again at Peterborough after having one day less of rest than our opponents.
"We had the chances to finish the game before we did and it was good to see Bjorn come on and get that second goal.
"Every day the squad is getting better. The players that were here are mixing with the new ones who have come in and everyone is learning together.
"Of course we still have a lot of things to work on but for now we can have a happy bus trip home."