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The decision-making process consists of 7 steps, with intuition playing a significant role in decision-making.
The decision-making process typically consists of 7 steps. These steps involve various stages such as problem characterization, exploration of alternatives, criteria determination, information collection, evaluation, and the final decision-making.
Herbert Simon devised a three-stage model that is commonly followed in decision making processes.
Although logical decision-making steps are crucial, research shows that a majority of decisions are made using intuition and mental simulations.
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