Developing and leading Strategy

Identify a long-term decision you recently made or a long-term decision that you are currently contemplating. Decisions such as purchasing a vehicle, changing jobs, or even adopting a pet or having a baby, or a work-related decision such as an expansion or adding a new product all fit as long-term decisions, along with many other examples. In selecting a decision for this assignment, consider a decision that has long-term consequences, costs, and benefits. Select one decision-making tool from either the course material or from another credible source, and apply that decision-making tool to the decision. Explain how the decision-making tool is a good choice based on your identified decision. Apply the decision-making tool to the decision. Then summarize your findings. Based on your application of the decision-making tool, how should you respond to the decision? Do you agree with this analysis? Why or why not?

In decision-making, the best practice is to apply a few decision-making tools and analyze the results. Then reflect on the results from applying the decision-making tools. After reflection, consider your intuition, does your intuition agree with the analytical process or not?