Using the Six Steps of Decision-Making;
Recognize decision requirement: What are the ethical issues being discussed in the case concerning drug pricing?
Diagnosis and analysis of causes: Why are drug prices so high in the United States and what should be done?
Development of alternatives: What are other countries doing to fight high drug prices?
Selection of desired alternative: Decide on alternatives for the United States.
Implementation of alternatives: Which alternatives would be best to drive down drug prices in the United States?
Evaluation and feedback: Have your recommendations been implemented in other countries? Are they working? What has been the outcome?
Decision making is the process of deciding what to do in the face of confusion or where presented with several choices to make, all of whom are likely to affect or impact on you. There are several steps that must be taken while making a decision like identifying the decision, gathering all relevant information, identifying the alternatives, weighing the evidence, choosing among the alternatives, taking action and finally reviewing the decision.