• Now, imagine some situations in your everyday life and the possible alternatives
which are available to you. Choose one of the alternatives and justify your answer.
Answers
Explanation:
How to Make Decisions
Making the Best Possible Choices
Imagine that your company has been expanding rapidly over the past 12 months. Sales are up 50 percent, but costs and overheads have also increased, so your operating profit has fallen. Decisions need to be made – and fast! But first you’re going to need to consider your options...
We make decisions every single day. As we explore in this article and video, you'll see that some decisions are simple, others are more complex.
Some of your decisions will be so routine that you make them without giving them much thought. But difficult or challenging decisions demand more consideration. These are the sort of decisions that involve:
Uncertainty – Many of the facts may be unknown.
Complexity – There can be many, interrelated factors to consider.
High-risk consequences – The impact of the decision may be significant.
Alternatives – There may be various alternatives, each with its own set of uncertainties and consequences.
Interpersonal issues – You need to predict how different people will react.
When you’re making a decision that involves complex issues like these, you also need to engage your problem-solving, as well as decision-making skills. It pays to use an effective, robust process in these circumstances, to improve the quality of your decisions and to achieve consistently good results.
This article outlines one such process for combining problem-solving and decision-making strategies when making complex decisions in challenging situations.
this is the answer
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