I have learned a lot about business decision making in college level classes. There are things we need to consider before we make a decision. Today, I got a feeling to write a post but couldn't think any topic. Finally I decided to write about decision making. Decision making is one of most important process in our life. Decision making applies not only to business but also to our daily life.
Generally decision making is a process of choosing alternatives. In any decisions making, there are at least two decision alternatives. In each alternative, there are pros and cons we need to consider. So how are we gonna find the pros and cons? The answer is "research". We have to do as much research as we can about the alternatives. We can information about the alternatives from different sources such as surfing the Internet and talking with the people. The source is very important in decision making process because we have to make sure that the sources are reliable enough to help us with our decision making process. Once we get the information, we have to sort out what pros and cons of the alternatives.
Then as the final steps, we have to choose the decision that weighs more pros than cons. Of course, we also need to consider the risks associate with different alternative and we need the contingecy plan for failure decision.
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