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.