DECISION CYCLE Meaning and
Definition
-
A decision cycle refers to a systematic and repetitive process in which individuals or organizations navigate to make effective and informed decisions. It encompasses the series of steps and activities involved in decision-making, from identifying a problem or opportunity to implementing and evaluating the chosen course of action.
The decision cycle typically begins with problem recognition, where an issue or dilemma is identified that requires resolution. This could arise from a variety of factors, such as changes in the environment, new information, or the need for improvement. Once the problem is recognized, the next step is to gather relevant information and analyze it to understand the current situation, potential alternatives, and possible outcomes.
After evaluating the available options, the decision cycle progresses to the selection phase, where the most appropriate alternative is chosen based on certain criteria and defined objectives. It is important to consider various factors, such as feasibility, cost, impact, and risks, during this stage. Once a decision is made, the implementation phase commences, involving the execution of the chosen course of action.
Finally, the decision cycle concludes with a review and evaluation of the implemented decision. This evaluation is crucial in order to assess the effectiveness and results of the decision and to identify any necessary adjustments or improvements for future decisions.
Overall, a decision cycle is a holistic and recurring process that helps individuals or organizations make better decisions by systematically navigating through problem recognition, information gathering, analysis, selection, implementation, and evaluation.
Etymology of DECISION CYCLE
The term "decision cycle" does not have a specific etymology as it is a combination of two commonly used words.
1. "Decision": The word "decision" can be traced back to the Latin word "decisio", meaning "a cutting off" or "a determination". It entered English in the late 14th century and referred to the act of making a choice or reaching a conclusion.
2. "Cycle": The word "cycle" comes from the Greek word "kyklos", meaning "circle" or "wheel". It entered English in the 15th century and referred to a recurring series of events or a complete round.
When these two words, "decision" and "cycle", are combined, "decision cycle" refers to the process or sequence of steps involved in making a decision.
