Question: The eight steps that consist of the decision-making process are:
(1) identifying a problem,
(2) identifying decision criteria,
(3) allocating weights to the criteria,
(4) developing alternatives,
(5) analyzing alternatives,
(6) selecting an alternative,
(7) implementing the alternative and
(8) evaluating decision effectiveness.
In order for the manager to plan, organize, lead and control effectively, a proper execution of the eight step has to be carried out What are advantages and disadvantages of the 8-step decision making?