ion – Deciding which solution to select should be based on the achievement of objectives. (d) Implementation and evaluating the solution – The step often leads to an embedded decision process and thereafter, the progress is monitored to ensure the outcome is as per expectations. But whether the decision turns out to be a good one or a bad one depends largely on how through and accurate the decision-maker was in considering the alternatives and assessing the risks. The whole process can be categorised into four major stages. For the process flow, refer to Figure 1 on page 4.
             Figure 1: DECISION MAKING PROCESS FLOW
             Source: Stoner, A. F. and Freeman, R. E. (1989, p.166)
             Generally, the above are the basic steps that a decision-maker operates upon to select an alternative. But one also need to know that the decision making process, like any other activity, has its own attributes, including effort, time, commitment and cost. The degree of reliance on the process depends were
             ...