Which step in the decision-making process that follows identifying a problem and decision criteria?

The next step in the decision-making process – after identifying a problem and establishing criteria – is to generate potential solutions. This entails brainstorming different options and outlining the benefits and drawbacks associated with each one. Additionally – it’s important to consider any external factors that could influence outcomes such as financial constraints or resource availability.

Once alternative solutions have been generated – it’s then time to evaluate them. This involves analyzing how each solution may affect both current and future performance, while also assessing its likelihood of success. Furthermore – decision makers should assess any potential risks associated with their choices too; such as legal issues or public opinion.

Finally – once all options have been assessed, leaders can make an informed decision on which course of action best meets their goals! By thoroughly evaluating the various alternatives available – businesses can rest assured that they are taking the most efficient route towards achieving desired results. to increased profits and higher annual revenue growth. Additionally, the company can explore new avenues of funding such as venture capital or angel investors in order to raise additional funds.