Decision Making

How do you make decisions?

If you’re failing to plan, you’re planning to fail…

Most people don’t plan to fail; they just fail to plan

Decisions that will affect the rest of your life should be make carefully and logically.

The decision making process A Seven-Step Process

1. Define your needs/wants

2. Analyze you resources

3. Identify your choices

4. Gather information

5. Evaluate your choices

6. Make a decision

7. Plan to reach your goal

Buying a Car...

You need a car You want a nice car

STEP ONE: Needs/Wants

Buying a Car...

Resource = Money How much money do you

have? How much will you need to

save? How much car can you

afford?

STEP TWO: Analyze your resources

Buying a Car...

How much car can you afford? Can you afford a new car, or will you look for

a used car? Where can you look? Make a list of possibilities.

STEP THREE: Identify your choices

Buying a Car...

Go to several car dealerships and see what is available.

STEP FOUR: Gather Information

Ask around to see if anyone knows of anyone selling a car.

Take test drives

Check the classified ads for listings on car sales.

Buying a Car...

Review your findings. Consider your

choices. Determine which

factors are most important to you.

STEP FIVE: Evaluate Your Choices

Buying a Car...

After considering your choices and what is available to you, decide which car would best fit your needs.

STEP SIX: Make a Decision

Buying a Car...

What steps do you need to take to actually buy the car?

Do you need to save more money? Do you need to take out a loan? Do you need insurance?

STEP SEVEN: Plan to reach your goal

Finding a Career...

1. Define your lifestyle needs/wants

2. Analyze your personal resources

3. Identify your career choices

4. Research your career choices

5. Evaluate your career choices

6. Decide on a career choice

7. Plan to reach your goal

Activity

You have won a $1000 gift card for Best Buy. How will you spend it?

Go through each step of the “decision making process” to explain how you made your decision.