ECONOMICS

Detailed explanation-1: -Step 2: Gather relevant information Collect some pertinent information before you make your decision: what information is needed, the best sources of information, and how to get it. This step involves both internal and external “work.” Some information is internal: you’ll seek it through a process of self-assessment.

Detailed explanation-2: -Gathering enough information will help you analyze all possible outcomes and make the best decision. 3. Brainstorm all possible alternatives. Use the information you gathered in the previous step to generate as many solutions as you can, helping to identify the best alternatives.

Detailed explanation-3: -Try to clearly define the nature of the decision you must make. This first step is very important. Collect some pertinent information before you make your decision: what information is needed, the best sources of information, and how to get it.

Detailed explanation-4: -Identify and Define the Problem Alert managers constantly watch for signals, symptoms, and signs that problems may exist. Once they see a potential issue, they think through whether this is a problem they can solve and whether it will make a critical impact on the team or organization.