12.1.1. Definition

Try these first

1. 1.

   Define decision-making in your own words.

   Hint

   Think about how you make choices.

2. 2.

   What is one characteristic of decision-making?

   Hint

   Consider what decisions are aiming to achieve.

3. 3.

   What is the primary focus of the decision-making process?

   • Choosing best alternatives
   • Avoiding risks
   • Implementing strategies

   Hint

   Recall the definition of decision-making.

4. 4.

   True or False: Decision-making only relies on logical reasoning.

   • True
   • False

   Hint

   Think about the different characteristics discussed.

5. 5.

   Consider a scenario where a company's product sales are declining. Discuss a structured decision-making process to tackle this issue.

   Hint

   Think about the steps outlined in the decision-making process.

6. 6.

   Imagine you are a manager faced with choosing a new technology for your team but have limited information. How would you apply risk-oriented decision-making?

   Hint

   Consider how to mitigate risks while making informed decisions.