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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Decision-making process
what are the steps involved in decision-making process?
Why are you asking me this? 🙂
There is no standard list of steps – different people phrase the steps in different ways.
However they are essentially:
Identify the problem
Identify the resources and constraints
Identify the alternative solutions available
Evaluate the alternatives
Select the best alternative
Implement the decision
Monitor the decision
