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Using Smart Choice's Eight-Step process below, list the eight or so steps you should take for a large decision, personally or professionally that you will
Using Smart Choice's Eight-Step process below, list the eight or so steps you should take for a large decision, personally or professionally that you will be making.
Smart Choices: Eight Steps
(Hammond, Keeney, and Raiffa, Smart Choices, 1999)
- Problem: Define your decision problem to solve the right problem.
- Is it the right problem or are your emotions clouding the real issues?
- How much emotional baggage do you carry into this problem?
- Objectives: Clarify what you are really trying to achieve with your decision.
- What is you intention/purpose?
- Alternatives: Make smarter choices by creating better alternatives to choose from.
- In what ways might we...?
- What are parallel situations?
- What is a whacky solution?
- Consequences: Describe how well each alternative meets your objectives.
- What are the unanticipated consequences of these actions?
- Are there ways to minimize some consequences?
- Tradeoffs:Make tough compromises when you can't achieve all your objectives at once.
- What can you live with?
- What can't you live with?
- Uncertainties: Think about and act on uncertainties affecting your decision.
- How can you prepare for consequences?
- How can you prepare others?
- Risk Tolerance: Account for your appetite for risk.
- Time to be honest?
- What is your history with risk?
- Linked Decisions: Plan ahead by effectively coordinating current and future decisions.
- What are interaction effects?
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