The five step process for making great decisions (IM 671)

Ray Dalio in his book “Principles-life and work” highlighted five step process of great decision making. I have been inspired by this process and believe that these steps are the gem when it comes to make decisions. This five step process includes:

  1. Setting a goal
  2. Identifying and not tolerating the problems
  3. Diagnosing the problems
  4. Coming up with the design and finally
  5. Doing the task required

 

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