Several decision frameworks are popular in the field of business leadership:
- SWOT Analysis: Helps in identifying strengths, weaknesses, opportunities, and threats. - PEST Analysis: Focuses on political, economic, social, and technological factors. - Decision Matrix: Uses a grid to compare different options based on various criteria. - Six Thinking Hats: Encourages looking at decisions from multiple perspectives. - Root Cause Analysis: Helps in identifying the underlying causes of a problem.