ECONOMICS

Detailed explanation-1: -7 decision-making process steps. Though there are many slight variations of the decision-making framework floating around on the Internet, in business textbooks, and in leadership presentations, professionals most commonly use these seven steps.

Detailed explanation-2: -Step 7: Review your decision & its consequences In this final step, consider the results of your decision and evaluate whether or not it has resolved the need you identified in Step 1. If the decision has not met the identified need, you may want to repeat certain steps of the process to make a new decision.

Detailed explanation-3: -Hence, we conclude that changing the desired outcome is NOT one of the steps involved in the decision-making process.

Detailed explanation-4: -The eight steps are to identify the problem, consider the nature of the problem, research the problem, developing solutions, list the pros and cons of the solutions, selecting the best approach, executing your choice and evaluating.