Hammond, Keeney, and Raiffa describe in their book an approach designed to help you make the best possible choice. They call it the PrOACT approach, and it addresses eight keys to effective decision making. Those keys are:
• Work on the right decision problem.
• Specify your objectives.
• Create imaginative alternatives.
• Understand the consequences.
• Grapple with your tradeoffs.
• Clarify your uncertainties.
• Think hard about your risk tolerance.
• Consider linked decisions.
ASSIGNMENT: Report on Stakeholders
Select a current article from the news about a decision.
Required Elements to include in the Report on Stakeholders:
o provide an overview of the article;
o define the decision problem;
o identify the stakeholders and define their interests;
o assess the stakeholders' potential impact on the decisions;
o assess the potential impacts of the decision on the stakeholders. It is acceptable to use your imagination about stakeholders' reasoning;
o Finally, in the role of the decision maker, explain how you would accommodate the stakeholders' interests and minimize the impacts on less powerful stakeholders.
o Use APA formatting for in-text citations and and a reference page. You are expected to paraphrase and not use quotes. Deductions will be taken when quotes are used and found to be unnecessary.