What is the first step in the decision-making problem?

The first step in the decision-making problem is to identify and define the problem or scenario. This step is crucial because no effective decision can be made unless the underlying issue is clearly understood. When you identify and define the problem, you set the groundwork for the entire decision-making process. This involves recognizing the specific situation that needs attention, clarifying the objectives, and understanding the context and constraints surrounding the problem.

By accurately defining the problem, it becomes easier to gather relevant data, explore potential solutions, and evaluate the implications of different choices. Without this initial clarity, subsequent steps like collecting data or identifying solutions may not address the root of the issue, leading to ineffective or misguided decisions.