Define the concept of deciding to decide. Explain the three criteria you should use to determine whether you should "decide to decide."
What will be an ideal response?
In deciding to decide, a manager agrees that he or she must decide what to do about a problem or opportunity and take effective decision-making steps. Three criteria to help you decide whether to decide are the following:
1. Importance—"How high priority is this situation?" You need to determine how much priority to give the decision situation. If it's a threat, how extensive might prospective losses or damage be? If it's an opportunity, how beneficial might the possible gains be?
2. Credibility—"How believable is the information about the situation?" You need to evaluate how much is known about the possible threat or opportunity. Is the source of the information trustworthy? Is there credible evidence?
3. Urgency—"How quickly must I act on the information about the situation?" Is the threat immediate? Will the window of opportunity stay open long? Can actions to address the situation be done gradually?
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