Measures of Dispersion and Variability: Range, QD, AD and SD
Decide on feasible appropriate Choose the best solution.docx
1. Decide on feasible & appropriate solutions: Choose the best solution
MGT312- Decision making and problem solvingThe 7 steps decision making process:1-
Clarify & Define the problem: Is there actually a problem? How urgent is the
problem? What’s this situation look like?Example:2- Establish realistic goals: Establish
smart, specific, measurable; achievable, relevant, and timely goals.3- Generate solutions:
have a several solutions. ie. Brainstorming your options.4- Evaluate & Compare:What are
the pros and cons?5- Decide on feasible & appropriate solutions: Choose the best solution
and make sure to take action6- Implement solutions:Make sure to take actionEven isn’t
percent 70%-80% good is still good.7- Evaluate outcomes: Did it work? How do we
know? What decisions do we need to make next?