decision making processes

What Tools and Techniques are Used in Decision Making?

Several tools and techniques can aid in the decision making process:
- SWOT Analysis: Identifies strengths, weaknesses, opportunities, and threats.
- PEST Analysis: Examines political, economic, social, and technological factors.
- Cost-Benefit Analysis: Compares the costs and benefits of different options.
- Decision Trees: Visual representations of possible outcomes.
- Scenario Planning: Predicts future conditions and plans for various scenarios.

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