Effective Communications & the Decision-Making Process
(Bounded rationality & Incomplete Information)
Effective Communications & the Decision-Making Process
(Bounded rationality & Incomplete Information)
1. Defining and limiting the problem (or situation).
2. Analyzing the problem (or situation).
3. Defining criteria to be used in evaluating various
solutions.
4. Gathering the data/information.
5. Identifying and evaluating possible solutions.
6. Selecting the best solution.
7. Implementing the solution.