Use the Six Steps of Decision Making for a significant professional decision you are going to have to make

Use the Six Steps of Decision Making for a significant professional decision you are going to have to make. If your current situation does not require additional analysis you may offer to perform this analysis on a friend or relatives financial situation.

·     Define the problem

·     Determine the objective

·     Explore Alternatives

·     Predict the Consequences

·     Make a choice

·     Perform Sensitivity Analysis

Samuelson, W. F., & Marks, S. G. (2015). Managerial Economics (8th Edition). Hoboken, N.J.: John Wiley and Sons Inc.

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