What is the first step in rational decision making?

Understand the Problem

The question is asking about the initial phase of the rational decision-making process, which typically involves identifying the problem or opportunity that requires a decision.

More Information

Defining the problem is crucial as it sets the foundation for all subsequent steps. Without a clear understanding of the problem, it's difficult to identify proper criteria and solutions.

Tips

A common mistake is jumping to solutions without thoroughly understanding the problem, which can lead to ineffective decisions.

Sources

• The Rational Decision-Making Model: Steps and Purpose in Organizations - study.com
• What is rational decision-making? What are the steps? - Pitch Labs - pitchlabs.org
• Rational Decision Making vs. Other Types of Decision Making - courses.lumenlearning.com