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Decision Making: Risks to Poorly Defining Problems

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What are the risks of defining problems or opportunities poorly prior to making decisions? Give a personal and a business example.

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The risks of poorly defining problems before making decisions is failing to gather all the facts possible to make an informed decision. It is important to evaluate what you know, determine what is missing and conduct research to fill in the missing information. If you fail to define the problem adequately you may make a decision based upon symptoms, rather than ...

Solution Summary

This solution outlines some of the risks in poorly defining problems before making a decision. Includes a personal and a business example. Includes a helpful link.