The Decision Making Process:

Slides:



Advertisements
Similar presentations
The Management Process 1.00: Analyze ways to manage personal and material resources to achieve goals 1.02: Apply the Management Process.
Advertisements

Solving complex problems
Learning Objectives After completing this chapter, youll be able to: 1.State 1.State the differences between wants and needs. 2.Describe 2.Describe how.
Chapter 1 Economic Decisions & Systems
APK: WHO IS MORE IMPORTANT?
© South-Western Educational Publishing Chapter 20 Personal Decision Making  Making Better Decisions  Spending Habits.
Making Career Decisions
Career Decision-Making
Rogue Community College Review Myths about Career Decision-Making Learn the Elements of Career Decision-Making Explore the Steps in Good Decision-Making.
Economic Choice Today: Opportunity Cost
The Decision- Making Process Introduction to Business & Marketing.
Click here to advance to the next slide.
A series of steps that you take to make a good decision. Helps you stay focused.
The Economic Way of Thinking
Planning Your Career How Planning Helps
Developing a Career Plan
Credit and Banks How does credit work and what do banks do?
OPPORTUNITY COST: the value of the NEXT BEST ALTERNATIVE, or what you give up by choosing one alternative over another In life, we are forced to make CHOICES.
Sports and Entertainment Marketing © Thomson/South-Western Do Now Define marketing. What is the most important aspect of marketing? Chapter 4 Slide 1 What.
Understand responsible earning and spending Understand responsible earning and spending.
Economic Decisions Fri. September 2, Today’s Objectives  Distinguish the difference between wants and needs  Explain the difference between goods.
5.01 Understanding the decision making process as a component of career planning. Let the choices you make today be the decisions you can live with tomorrow.
Glencoe Digital Communication Tools Plan Your Career Chapter Contents 14 pg Lesson 14.1Lesson 14.1 Evaluate Job Descriptions (pg. 449) Lesson.
Developing an Individual Career Plan
PERSONAL FINANCE National Business Education Standards.
Money Management Freshman Seminar – Introduction to Business Bishop Kearney High School Dr. Hays December 8, 2009.
1.What are your plans for after graduation? 2.What are the requirements to get into your school of choice? OR What do you have to do this year to make.
Decision Making.
MAKING DECISIONS Careers – Chapter 3. Decisions, Decisions  Decision – choosing between two or more _________________.  Anytime you have more than one.
Economic Choices Unlimited Wants What are we referring to when we say… Unlimited Needs.
Economic Decisions. Today’s Objectives  Identify the difference between wants and needs  Explain the difference between goods and services  Describe.
Section 2.1 Decision Making
UNIT 3- BE A CRITICAL CONSUMER Section 1.1 Decisions, Decisions Section 1.5 Advertising and Consumer Decisions Section 3.1 Consumer Rights and Responsibilities.
Economics Chapter 1 Section 3.
Getting Around Transport You need to decide how you are going to travel to and from work and out and about. You need to decide how you are going to.
Sports and Entertainment Marketing © Thomson/South-Western Do Now Define marketing. What is the most important aspect of marketing? Chapter 4 Slide 1 What.
SCARCITY & DECISION MAKING Notes. THE BASIC ECONOMIC PROBLEM  Scarcity  Not having enough resources to satisfy every need  Requires Economic Decision-Making.
The Economy and You Economics' Starting Points: Wants and Needs.
ECONOMIC CHOICES. BASIC ECONOMIC PROBLEMS Unlimited wants and needs vs. limited resources Budget cutbacks Operating costs do not always keep up with financial.
2 Read to Learn The seven steps of the decision- making process How to use the decision-making process to choose a career.
● In this lesson you will learn ● Six steps to making good decisions ● Definitions of success and persistence.
5.01 Understanding the decision making process as a component of career planning. Let the choices you make today be the decisions you can live with tomorrow.
Decision Making Process. Decision making The consequences of our decisions can affect our lives forever. In this unit we’ve talked about legacy, so an.
Section 7.1 Housing Options.  Your lifestyle will determine several housing decisions:  Lifestyle is how you choose to spend your time and money.
Chapter 1: The Economic Way of Thinking Section 2: Economic Choice Today: Opportunity Cost (pg.12-17)
The Decision-Making Process
Steps in the Decision-Making Process
What are we referring to when we say…
Section 2.1 Decision Making
MAKING DECISIONS Careers – Chapter 3.
5.01 Understanding the decision making process as a component of career planning. Let the choices you make today be the decisions you can live with tomorrow.
MAKING DECISIONS Careers – Chapter 3.
Choosing to Save Essentials
Invention Flow Chart & Definitions Page 3
Making Economic Decisions
Making Career Decisions
After assessment ad career exploration, the next step is to create a plan and set goals.
Copyright © Texas Education Agency, All rights reserved
Chapter 1 Section 3 Production Possibilities Curves
Developing an Individual Career Plan
The Decision-Making Model
MAKING DECISIONS Careers – Chapter 3.
Health 10/30/18.
Business and the Consumer:
MAKE DECISIONS Explain how an economy meets its needs and wants
5.01 Understanding the decision making process as a component of career planning. Let the choices you make today be the decisions you can live with tomorrow.
Overview of Economic Content
5.01 Understanding the decision making process as a component of career planning. Let the choices you make today be the decisions you can live with tomorrow.
LESSON TWO SIX STEPS TO MAKING GOOD DECISIONS
“Take Charge of Your Finances” Advanced Level
Presentation transcript:

The Decision Making Process: 1.00: Analyze ways to manage personal and material resources to achieve goals 1.03: Utilize Decision Making Strategies

The Six Steps to the Decision Making Process Definition: A series of steps to help you make a decision The six steps: State the problem List Alternatives Research alternatives Decide Act Evaluate Examples: Classes Career Making a large purchase Where to live Where to go to college Prioritizing Activities

1. Identify! Definition: Examples/Ideas: Identify the problem or decision you have to make. Examples/Ideas: What classes will I take? What career would I like? What should I do this weekend? How should I spend my money?

List the alternatives! Definition: Examples/Ideas: the different choices you have available Examples/Ideas: List classes your school offers List different careers that interest you List activities offered List things you would like to buy

3. Research the Alternatives! Definition: You listing the different good and bad points to each choice Examples/Ideas: Advantages Disadvantages Trade-offs

4. Make a Decision! Definition: Examples/Ideas: Choosing the best alternative for you Examples/Ideas: Based on your resources, needs, wants, values, and goals

5. Act! Definition: Examples/Ideas: You are committing to your decision Examples/Ideas: Follow your plan to meet your goal Make necessary changes along the way

Evaluate the Decision! Definition: Examples/Ideas: Giving yourself a “grade” Examples/Ideas: Determine your success Think about what you would do differently next time