There are many methods to come to a decision. These be anything from making Pro and Con lists to placing the location of a map. But one of the most popular particularly for business-related decisions is the five-step approach which typically involves determining the decision to make and evaluating options, gathering information, making the decision , and then implementing the decision. If you believe that a change is required, you must be prepared to reconsider your decision.

Name The Choice

The first step in any decision-making process is to determine what decision is being made. If it's a decision between two things, such as picking between two job opportunities that are being offered the opportunity to identify the choice. It's more challenging to decide whether or not to begin your own business and what it will do, and the best way to finance it. Note down what the decision is that you're making, then hone your description of the decision until it expresses exactly what you're trying determine. This should help you define what you want to accomplish in the next step, which is evaluating options. To learn more info on decision making, you have to browse 12 sided dice site.

Brainstorm Options

Some people prefer using the steps 2 to gather information rather than thinking up ideas. It helps to brainstorm about every possible option and choice. Note down every possible option concerning the choice and their consequences as you perceive them. It is also possible to include the possibility of making no modifications and how they could affect your decision. Note down any the assumptions you're making as well as information you don't have to back up with evidence to make sure your decision is sound.

Gather Information

Utilize the Internet as well as the library and other resources to collect information you lack about the decision. If you're considering setting up a business such as a restaurant, you should first determine the extent to which "mature" the market is. If you can find a mature market which has all or all people using your product, then they are likely to have it. Review your competitors to identify the growth opportunities. It is important to conduct your own research about the expenses involved in starting and running the business. Make sure any numbers you collect are pertinent to the market you are targeting. Before you make a choice, gather all information that you can think of.

Make the right choice

The information you have gathered into the evaluation of alternatives you came up with in Step 2. Then look at how each option compares after the updated information. Include intangibles like the way you feel about each choice. If you're choosing one of your employees, for instance and you find that one is better qualified, yet appears unfriendly or inappropriate for your company, that's a valid factor to include in making the decision. You need to feel good regarding the choice you've made for it to be a success. The team must support your making decisions if you are working as a team.

Implement

Utilize the information you have collected and the arguments you that you have formulated to formulate a plan for implementation. Consider what steps should be taken, in the order that will ensure that the new plan has an established foundation. If you are working with a group, determine who will be responsible for which parts of the new process. Determine how each member will carry their responsibilities.

Posted by: Tori Ramos at 12:24 PM | No Comments | Add Comment
Post contains 589 words, total size 4 kb.