Rapid growth of the sector has fueled the demand for telecom equipment, which is projected to be about Rs 1.08 trillion for the year 2015-16 and is estimated to exceed Rs. 1.8 trillion by the year 2020.
The Six Steps. 1  Define the Problem. 2  Determine the Root Cause(s) of the Problem. 3  Develop Alternative Solutions. 4  Select a Solution. 5  Implement the Solution. 6  Evaluate the Outcome.
The figure given below suggests the steps in the decision-making process:-. 1  Identifying the Problem: Identification of the real problem before a business enterprise is the first step in the process of decision-making.