A decision-making process can determine the success or failure of an organization, and how well it performs. Explain Decision Making Process in your own words. Additionally, suggest a possible decision-making example in an organization and perform the following steps based on the chosen example:

1. Understand the decision

2. Collect all the information

3. Identify the alternatives

4. Compare the risks and benefits of each solution

5. Select the best alternative

6. Make the decision

7. Evaluate the impact of your decision