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Decision-making process

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Decision-making process

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by John Moffat.
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  • July 29, 2019 at 10:24 am #525172
    morongoenyane
    Member
    • Topics: 2
    • Replies: 0
    • ☆

    what are the steps involved in decision-making process?

    July 29, 2019 at 12:07 pm #525207
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54700
    • ☆☆☆☆☆

    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

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