6 Distinct Phases of Decision Making

Topics: Decision making, Decision making software, Decision theory Pages: 2 (340 words) Published: July 21, 2013
6 Distinct phases of Decision Making
Defining the Problem:
The first step towards a decision-making procedure is to define the problem. Obviously, there would be no need to make a decision without having a problem. So, the first thing one has to do is to state the underlying problem that has to be solved Develop Alternatives:

The situation of making a decision arises because there are many alternatives available for it. Hence, the next step after defining the main problem would be to state out the alternatives available for that particular situation. Evaluate the Alternatives:

This can be said to be one of the most important stages of the decision-making procedure. This is the stage where you have to analyze each alternative you have come up with. You have to find out the advantages and disadvantages of each option. This can be done as per the research you have done on that particular alternative Make the Decision:

This is the stage where the hard work you have put in analyzing would lead to a proper decision. The evaluation process would help you with clearly looking at the available options and you have to pick whichever you think is the most applicable. Implement the Solution:

The next obvious step after choosing an option would be implementing the solution. Just making the decision would not give the result one wants. Rather, you have to carry out on the decision you have made. This is a very crucial step because all the people involved in implementation of a solution should know about their implications. Monitor your Solution:

Just making a decision and implementing it, is not the end of the decision-making procedure. It is crucial to monitor your decision regularly once they are implemented. At this stage, you have to keep a close eye on the progress made by implementing the solutions. Monitoring of solutions since early stage may also help you to alter your decisions, if you notice deviation of results from your expectations.

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