Week 2: decision-making process

In the first lecture, we briefly explained the phases of the decision-making process. If you missed the lecture or need to refresh your memory, watch the following video (until time=24:35):

However, this is not the only approach to analyzing the decision-making process through detailed steps. There are many other approaches. The one is called the "integral decision-making approach". The steps are the following: 

1. Preparation of the decision
   • Identification of the problem
   • Setting goals (tasks definition)
   • Analysis of the current state
   • Alternatives (identification and/or creation)
   • Alternatives evaluation
2. Decision making
3. Implementation of the decision
4. Implementation monitoring and control

As you can see, this approach is similar to the one we saw in the lectures. The steps in many approaches are similar, except that the authors emphasize some steps. In the integral approach, the emphasis is placed more on the first steps of the decision-making process. 

Your assignment for week 2 is as follows:

1. Each student should select a different decision-making problem (by their choice) and describe it. Further, you should explain what is to be implemented in each step of the decision-making process concerning the selected decision-making problem. 
2. Further, implement the mapping of the steps from the decision-making process from Lecture 1 (video) and the integral decision-making approach (connecting steps from two approaches related to the same activity). In addition, explain why some step(s) from one approach are not mapped to any step from another.
3. Each student should analyze another approach for the decision-making process, describe its steps, and demonstrate what is to be implemented in different steps of the selected approach in the case of a newly selected decision-making problem (which is different than in the previous assignments):
   • Antoine Atabey analyzes https://www.lucidchart.com/blog/decision-making-process-steps
   • Alexandre Cartiaux analyzes https://www.corporatewellnessmagazine.com/article/5-steps-to-good-decision-making
   • Adam Ganet analyzes https://www.mindtools.com/aiplsat/how-to-make-decisions
   • Maxence Gomes analyzes https://online.hbs.edu/blog/post/decision-making-process
   • Ilias Hachemaoui analyzes https://www.tutorialspoint.com/management_concepts/decision_making_process.htm
   • Matias Ordonez analyzes https://www.umassd.edu/fycm/decision-making/process/
   • Felix Ji-Hoon Schwarting analyzes https://asana.com/resources/decision-making-process
4. Like in item 2, implement the mapping of your group approach from item 3 and two previous approaches (today's lecture and integral approaches).