ECONOMICS
DECISION MAKING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Define problem
|
|
|
Identify decision criteria
|
|
|
Develop alternatives
|
|
|
Implement decisions
|
Detailed explanation-1: -Analytical, creative problem solving is about creating a variety of solutions, not just one. Often the most obvious answer is not the most effective solution to the problem.
Detailed explanation-2: -Step 3: Implementation and Resolution: Once the root cause has been identified, the solution is relatively easy to implement. The core challenge in this step is ensuring the solution is validated and tested thoroughly before putting it into effect.
Detailed explanation-3: -Problem Analysis. Generating possible Solutions. Analyzing the Solutions. Selecting the best Solution(s).
Detailed explanation-4: -Get rid of doubt. When you’re facing a tough problem with no obvious answer, it can feel natural to think, “I can’t.” Instead, Patel suggests challenging your doubts. Shift the way you see the problem. Hold brainstorming sessions.