Welcome back to my channel! I’m Dr. Karen Lowe, founder of Epigram Consulting Services, and today we’re diving into the crucial topic of decision-making in micro and small businesses. Through my dissertation research, I found that effective decision-making is a key factor in business success or failure. In this video, I'll guide you through the seven essential steps of decision-making:
1. Identifying the problem or opportunity
2. Setting objectives and goals
3. Generating alternatives
4. Evaluating alternatives
5. Making the decision
6. Implementing the decision
7. Monitoring and reviewing
These steps will help you make informed decisions that align with your business goals and drive success. Whether you’re facing a new market opportunity or a challenging problem, these strategies will equip you with the tools to choose the best course of action.
Make sure to like, subscribe, and share this video to support our channel and spread the word about building successful micro and small businesses. Let's make better decisions together!
Website: www.epigramconsulting.com
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