Components of Decision Thinking
Every decision we make has three components. Whether a decision is related to a public policy, like defining national taxes or how to spend them you will need to have:
- A clear issue that needs to be addressed, which could be variously defined as “the problem”, “the opportunity”, or otherwise;
- Resources that could be used to do something (this could be about money, time, man power, and the will and power to act) and, finally
- A clear solution about how the issue could be addressed.
Of course these components are interrelated. If a problem is understood to be critically important for many people, for example, then the resources available to address it can grow, which could open new solution possibilities.