Decision theory, Critical thinking, Decision-making

As far as I am concerned, the skill to make and analyze decisions is one of the most important qualities of a manager as his decision can affect the entire company and its employees. In fact, making a good decision involves systematically analyzing the situation. So, the first stage (as cited in Stages in decision making) is to check what the information one has really shows. In the second stage, it is necessary to decide what more information should be collected in order to increase ones understanding of the situation. Then, it is time to find out the people or place from where the information can be collected. Thereafter, the information can be collected. At the next stage, the fears, expectations, merits, and limits in each point of view are analyzed (Stages in decision making).