Pick up a case from e-newspaper or e-magazine

Provide a detailed analysis for each of the various stages in the 8-stage decision-making process

What? Who? Where? Why? How?

Based on your knowledge of Bounded Rationality, comment on the effectiveness of the decision-making process in enabling individuals select decisions with optimal outcomes. Make notes, write responses.

During the analysis, think about

a) Is the process rational? Why/why not?

b) What assumptions are made in each step that might undermine the process?

Give answer in details of explanation and make a proper report read question carefully.