Five Step Decision Making Process

Using the Five Step Decision Making Process presented in Chapter 1, examine a recent decision you made (e.g., go to college, take a new job, buy a house, or buy a phone). Identify each step of your decision by the criteria of this process.

1. Identify the problem and uncertainties

2. Obtain information

3. Make predictions about the future

4. Make decisions by choosing among alternatives

5. Implement the decision, evaluate performance and learn.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s